How To Cut Budget Deficit 董任远 The Australian President 徐名珠—— The Secretary 徐彬 Professional 罗尚 Professional 2 凵陈子俊—— Professional3
? 董任远 —— The Australian President 徐名珠——The Secretary The Secretary 徐彬 —— Professional 1 罗尚 —— Professional 2 Professional 2 陈子俊—— Professional 3
A Letter to the president Dear and eminent predident flatten The niake ucowtralalle aige of the budget deficit
D d d Dear and eminent president: I was long inspired by your wise decision… …(flattery)… The risk: uncontrollable size of the budget deficit
Evidence AUSTRALIAN GOVERNMENT BUDGET DEFICTAND 15000 CHANGES IN HOLDINGS OF DEBT budget deficit 10000 5000 0 cOco cO o 5000 月月月§§月月月§§总浔 10000 Source: Australian Department of Finance Deregulation
Source: Australian Department of Finance Deregulation
Negative Effects Equity social welfare
N ti Eff t Negative Effec t s: Equity & Social welfare
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