On balance, after weighing the arguments, I believe that the time has come for Australia to create a new sovereign wealth fund.
If consulted by friends about marital dramas, I always encourage the singles to marry, the married to stick together, the neglectful and wayward to renew their loving commitment and the wronged to forgive.
Greece is an extreme case: a country where both the level of spending and the level of taxation were unsustainable!
My commitment to the Republican movement was pure and simply patriotism, a love of Australia... a desire or passion that all of our national symbols should be unequivocally and unambiguously Australian.
Governments enjoying surpluses have a very strong temptation to splash money around, and while tax cuts are always appealing, cutting taxes at the top of a boom runs the real risk of creating a structural deficit when the boom subsides.
There is a tendency to try to dumb everything down and turn everything into a one-paragraph press release or even less, just a slogan.
