Comment: Expect a plot twist in Bill Shorten's budget response | swrighteconomy
Ultimately, the aim of budget reply speech - especially in an election year - is to set out how the Opposition could do a better job running the country than the government. That's the issue awaiting Bill Shorten when on Thursday evening he delivers his reply to Josh Frydenberg's budget speech.
Rudd's effort referenced the impact of drought and the one-off payments made by the then Howard government to pensioners and carers "struggling to make ends meet". Both are set to be part of Frydenberg's address on Tuesday night and also in Shorten's effort. In 2013, Abbott made the point that Wayne Swan had $80 billion more in revenue than "Peter Costello ever had". Three years later, it was Shorten's turn to note that the Turnbull government was "collecting more tax than any time since John Howard's last year in office".
Which goes to the other point about budget-in-reply and budget speeches. For all the talk about economic plans, these addresses are pretty poor when it comes to predictions. Rudd quoted John F. Kennedy, saying the time to "fix the roof is when the sun is shining". By year's end, the US was in recession on the way to the biggest global financial shock since 1929.
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