Ted Dunstan (NT News 19th May, 2011) correctly points out that small business in the NT and indeed right across Australia is hurting. Ted then goes on to tell us that in his opinion the NT and Federal Labor governments have done nothing for small business in their recent budgets.
I do not know what Ted would suggest they could have done, but clearly spending and borrowing more and more money, as both governments have done, is having a detrimental, not a positive effect on the small businesses of our nation.
Most thinking Australians would agree that Australia’s best years were during the period 1996 – 2007.
In those years the Howard/Costello government managed to pay back $96 Billion of Labor debt and at the same time provide significant tax cuts to all Australians in most of the eleven years of that government.
This tells me that smaller, low-taxing, low-regulating, well-managed government is the only way to achieve greater prosperity for the entire community and therefore small business as well.
The Big-Spending, Big-Government approach of the disastrous Rudd-Gillard Labor government and here in the NT the similarly wasteful regime of the Martin-Henderson Labor government only ever achieves tears and economic ruination in the long run.
Government should be lean and mean and hardly ever seen.
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This is thye original letter submitted to the NT News. The one published on the 23rd May, 2011 was reduced by the NT News.
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