Alan Kohler is a good bloke. Of all the journos writing for the Australian he consistently tells it as it is. In simple English. Which is what we all expect of journalists of course, but such commentary is rare and hard to find.
The “Treasurer’s debt dilemma” is a very good piece.
It highlights the problem the treasurer has in needing to cut spending to placate the ratings agencies (which Mr Kohler points out quite rightly have little real credence after rating collateralised debt obligations - CDOs - as AAA in 2006). What do they really know and why do we listen to what they say anyway?
It’s a crazy and bizarro world we live in, trying to see through the blurry spiders webs of perception, fake news, PR and hyperbole.
Alan Kohler blows a lot of that fluff away. Regularly. In the Australian and on the ABC. Malcolm should make him the Treasurer. In the US he could, but not here. I wish it were that easy.
While the government’s attention is focused on “not” spending money, we need to shift our attention to how to “make” more money in the first place.