From Newsgroup: aus.politics

*Labor's Housing Budget: Cutting Through the Noise*

/Swollen Pickles, 17 May 2026/
<https://www.youtube.com/watch?v=0A-i5gtEC3U>

"The 2026-27 budget has generated a lot of noise. Most of it is
screeching. Instead of a winners and losers rundown yourCOve already seen
a dozen times, this video takes a look at a couple of the big ticket
items: the negative gearing, CGT changes, and the trust reform thatrCOs
gone a little more under the radar. What they cost, who benefits, and
whether breaking the promise was worth it?"
~~~~ ~~~~

Let us remember where we are and why we are here:

Regarding the housing crisis: We are paying the price for the sins of
the Howard regime which so badly screwed over the bulk of the
Australian white and blue collar classes in favour for their wealthy
upper class mates.

As to the domestic effects of the intentional economic and political
shit show (thnx to the senile old fart orange war-hawking madman running
the failing seppo superpower together with the rest of the planet into
full on chaos), blaming Labor for this is absolutely ludicrous.

Admittedly the current budget has pulled back Labor from its rightwing
drift more towards the political centre.
If you somehow take this as some sort of "broken promise" than think
again. Ultra pragmatic and over cautious Albanese has finally realised
that something slightly more drastic had to be done to at least
partially ease the economic pressures our country is facing.

Yes, I fully agree with 'swollenpicles' that Labor should never have
promised to ignore the negative gearing/CGT/family trusts bonanza that
was only beneficial to the already wealthy. This was something that had
to be corrected eventually and finally Labor has faced up to reality.

I find the deluge "broken promise" verbal vomit accusations emanating
from the far-right (both LNP and ON) absolutely hypocritical as they
have refined into a fine art the breaking of pre-election promises time
and time again. So fuck them!
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