No time for new taxes - and Gillard's old promises

Terry McCrann:

The ghost, so to speak, at the feast of discussion about how to pay for the floods, over the last couple of weeks, has been Reserve Bank governor Glenn Stevens.

He finally gets to "speak" next Tuesday when the RBA announces its first decision for the new year on interest rates....

(S)omebody has to start ringing the warning bell. To tell the Prime Minister the Government is playing with fire in its determination to build the NBN and the halls, right now, come what may. That whether or not they were a good idea before Christmas, they are now a very bad idea after the floods....

Does Ms Gillard really want to go to the next election with two big new taxes—the Queensland levy and the carbon tax—and the wreckage that big increases in home loan rates would cause?