THE “DEBT & DEFICIT” CONUNDRUM AND THE IMMINENT THREAT OF GOVERNMENT AUSTERITY – A MILITARY VETERAN’S PERSPECTIVE
By Peter Thornton – February 2015
(This article is dedicated to the late Mr. Tim McCombe OAM . Tim was the former National President of the Vietnam Veterans’ Federation and a staunch defender of Veterans’ rights. He will be sadly missed.)
The article aims to inform the reader of the insidious nature of the Government’s proposed ‘CPI-only’ indexation and its likely long term impact upon recipients,
including that of our most disabled Veterans and their families.
It will reveal a truth about the Government’s Budget deficit numbers from a key insider. It will reveal the true nature of Commonwealth debt from Government agencies themselves, and it will finally elicit a viable solution (once again) to the ongoing inadequacy of Veterans’ compensation and other associated payments.
About the author:
Peter Thornton is a retired member of the ADF and Public Service. Peter has been a long-time advocate and commentator for the fair and equitable indexation of all Military and Commonwealth retirement pensions and has been an equally staunch advocate for Veterans related issues also. Peter holds tertiary qualifications in economics, engineering and management.