Hey, how about you quote the other economists' opinions as well? Or are you ignoring them because they don't suit your argument?
Wait, what?
George Argyrous, Senior Lecturer at University of New South Wales - "The attempt to achieve a surplus bought about its own undoing – as you try to achieve a surplus through austerity all you do is drive economic growth downwards, with the implication you’re more likely to get a deficit."
Gregory Melleuish, Associate Professor, School of History and Politics at University of Wollongong - "I wonder whether it was all inevitable. At some stage they were going to have to bite the bullet on the fact that the surplus might not be achievable. The Labor Party was trapped by the idea that it was going to achieve a surplus, using that as a measure of their economic credentials. So they invested an awful lost [sic] of political capital into that idea."
Tim Battin, Senior Lecturer, Political and International Studies, School of Humanities, at the University of New England - "The surplus admission from Wayne Swan is not surprising. But what is remarkable is the way in which he got himself cornered in trying to achieve a surplus, when international conditions didn’t favour a budget going to surplus."
Nick Economou, Senior Lecturer, School of Political and Social Inquiry at Monash University - "They were beginning to believe their own rhetoric about how well they were doing in the polls, but the last Newspoll has reversed that trend. So it looks like the strategy now will be to say to the community: look, in the interest of realism we have to abandon this silly idea of a surplus. It’s probably the wise thing to do – most responsible economists would agree."
It seems to me that all but one of the quoted people (the other being John Wanna) support my point in some way.
EDIT: Missed enwiabe's post.
1) Have you even read Abbott's policy document? Tell me which of these policies you think are soooooooo much better than Labor's.
2) Majority of economists agree that it's actually very much acceptable to run at deficit during recession to keep the economy pumping. A paper surplus would do nobody any service because it'd be hoarding money for the sake of hoarding money which is not what we need right now.
3) Labor's spending is sustainable, hence why we have one of the strongest rated economies in the world.
1) Do you remember that time, like ~1.5 hours ago, when I was really critical of Tony Abbott and his personal politics? I'm still of the same opinion. And I still believe that he shouldn't be heading up the LNP, nor should his cronies. Though, I believe the underlying policies of the actual party are superior to the ALP's
2) Yep, but it's kinda hard to forget that a few short weeks ago, he was actively trying to pursue a surplus in the current economic climate. Yeah, he's switched his position entirely, but it still happened.
3) Again, I posit that Labor's spending is not more sustainable than a free market-oriented LNP without Abbott at the helm. And that we've had one of the "strongest rated economies in the world" for a long time (re: successive LNP governments) says a lot too...