Cuts to foreign aid are expected to save the government’s coffers up to $3 billion. But Wayne Swan has declared that Australia’s 23 million people need to bail out the 500 million people of the destitute Eurozone, and the basket-case-that-is-the-EU desperately needs $7 billion from us.

Is there a better argument to show why big government is a big-fail 
than just saying: E.U.? It takes real skill to start with 20 successful 

economies and combine them into one large bankrupt entity — and all this in only a decade-and-a-half.
For Australians, seven billion dollars is $320 per man, woman and child. That’s nearly $1,300 per household of four.

If someone had knocked on your door with a registered E.U. tin, would you have felt compelled to give $1,300 (of non-tax deductible income) 
to rescue the poor bankers and burdensome bureaucrats of Europe? Perhaps you might have chosen instead to get a new fridge, take the family on a holiday, or pay for private tutoring for your teenager. But thanks to 

Swan and the force of big government, you didn’t get that chance. As it 
happens, Australia doesn’t have the cash to pay it anyway, so the 
government will borrow $7 billion and we’ll pay the interest, as well as the debt. Good-o.
It’s OK though, Swan tells us “but it won’t involve donating cash into a relief fund.” I’m so relieved.

Instead, we are borrowing money we don’t have, to rescue the 
regulators, bail-out the bureaucrats, and keep the EU politicians in 
their cushy but overpaid, net-drain employment who made mistaken 
decisions we had no role in.

Meanwhile people in Papua New Guinea, Indonesia, Afghanistan, and 
Bangladesh will just have to make do with a bit less (and, if the 
Eurocrats get their way, no prospect of life-changing cheap power 
anytime soon). I’m sure they feel a warm glow knowing their new 
water-wells, schools, or vaccinations are delayed for a “good cause”. 

  

http://joannenova.com.au/2013/05/australia-cuts-foreign-aid-but-sends-7b-to-starving-european-politicians/