Both sides of politics cry out about the crucial need for the budget to return to surplus as soon as possible. It seems it has become a political truth, but is this obsession healthy?
Sometimes debt is not such a bad thing. Money could be invested into infrastructure, education and nation-building projects, but our surplus fetish means that these much needed funds are withheld.
CPD fellow Ben Eltham joins the Australia Institute’s David Richardson on 2SER – Razor’s Edge to discuss the fallacies of the current ‘surplus fetish’.