What Does A Balanced Budget Mean?

The worst Australian government in Australian history, the Morrison government, yaps on about the budget being in surplus. The fact that it is the current account they are referring to, like who cares. The fact that the economy is tanking isn't mentioned. And they are calling it balanced when, in fact, it is in the smallest of deficits.

But my point is, people nod and say, "Look at that, the Libs have balanced the budget, finally."

But how many of those people nodding sagely actually know what it means?

They only think it is a good thing because the conservative politicians continually tell them it is a good thing. But that is just conservative political ideology (translation – the wants and desires of the very rich who give the Liberal Party money), nothing much to do with the good of the country. You know unless you are rich and successful the Liberal Party doesn’t give a shit about you, actually, the Liberal party despises you. And some of those people they despise continue to vote for them.

A surplus budget, by its very definition, has to take services away from the people, or fails to supply new services to the public, because the Liberal Government, driven by ideology, has refuse to spend the surplus money on the needs of the people for who it is, allegedly, working.

What is the true ideology of the Liberal party, to reduce government spending more and more, more and more surplus budgets, so that the govt departments can be closed down and given to their rich mates to run instead. The power companies are a good example here. Or, govt spending is reduced to such an extent, the govt business isn’t a competitor for the Liberal Parties rich mates, the NBN being a prime example.