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May 10th, 2012 
FAKE NEWS for the Zionist agenda Opposition Leader Tony Abbott has painted Labor as a drowning government intent on plunging Australia into further debt, promising Australians a better chance of wealth creation under a coalition government.
In his budget reply on Thursday, Mr Abbott latched on to disparaging comments by Prime Minister Julia Gillard about Sydney’s north shore and middle-class welfare.
“The fundamental problem with this budget is that it deliberately, coldly, calculatedly plays the class-war card,” he told parliament on Thursday night.
“It cancels previous commitments to company tax cuts and replaces them with means-tested payments because a drowning government has decided to portray the political contest in this country as billionaires versus battlers.”
The Liberal leader labelled the budget an “ignoble” piece of work and said the government should be as interested in wealth creation as it was in redistribution.
Individuals earning $83,000, or families on $150,000, were not rich, he said.
People who worked hard and put money aside so as not to be a burden on others would be encouraged by the coalition, not hit with higher taxes, Mr Abbott said.
The government’s plan to increase its debt ceiling from $250 billion to $300 billion was unnecessary if the budget was returning to surplus and would be in surplus for the next four financial years, the opposition leader said.
“I challenge the government to stop hiding this massive lift in Australia’s credit-card limit in the Appropriation Bills and to present it, honestly, openly to the parliament as a separate measure where it will have to be debated and justified on merits,” Mr Abbott said.
Finance Minister Penny Wong was swift to retaliate, telling reporters in Canberra that Mr Abbott’s budget reply was evidence of his negativity and arrogance, lacking an economic plan.
Touching on the coalition plan to make 40 per cent of Year 12 students study a foreign language within a decade, Senator Wong said, “Mr Abbott needs to learn the language of the family budget.”
Mr Abbott said Labor’s $1.5 billion surplus was shaky given its economic record and relied on strong terms of trade even though growth in China was moderating and Europe was still in economic crisis.
The coalition was intent on keeping its promises to repeal the carbon and mining taxes, he said.
“Abolishing the mining tax will make Australia a better place to invest and let the world know that we don’t punish success,” Mr Abbott said.
“Abolishing the carbon tax would make every job in our economy more secure.”
Tax cuts would be funded by savings measures identified in savings before the 2010 election and there would be at least $50 billion in savings identified by the coalition before the next election.
Mr Abbott promised to cut business red tape by at least $1 billion a year by forcing government agencies to quantify the reporting and compliance costs.
The coalition’s promise to fund six months’ paid parental leave at full pay, create more flexible childcare arrangements, boosting indigenous employment levels and reopening the immigration detention centre at Nauru were prominent in Mr Abbott’s reply.
He pitched himself as a values man with a working-class background leading a coalition opposing a government which now only stood for “staying in office”.
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