The KRuddster is playing Santa Claus this year with big handouts to pensioners and low income families before Xmas. Pensioners will get $1400 for singles and $2100 for couples while lower income families will get $1000 per kid.
To quote our esteemed Prime Minister:
“My conversations with ordinary Australians [cringe], and the comments in emails and letters people send me, tell me that these payments are going to be spent in ways that will make a real difference for many Australians this Christmas.” (See source.)
(It does sounds a bit like the Queen’s Xmas message, doesn’t it?)
We can expect some party poopers out there who will refuse to join in the Xmas cheer.
Those on the dole queue or expecting to be may choose to do the wrong thing and save the money or pay off debts. That would be very unsporting of them. They really ought to be guided by the soldier’s refrain – eat, drink and be merry for tomorrow we die.
Some people have probably already spent the money. They have known about the future payment since 14 October and have factored it into their credit card spending or have promised to pay an outstanding bill when the money arrives.
Then we have those who are bitter about missing out. This includes non-custody fathers out there who resent the money going to “that bitch”, and self-funded retirees who have been hit by the financial crisis but don’t get the handouts going to spendthrift, tax-funded pensioners.
I haven’t read what the economic pundits have been saying about it but I know what I think. It is about as useful as the captain of the Titanic giving everyone a free cup of cocoa.