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A closer look at Australia’s budget surplus reveals a mix of fiscal accidents, hidden tax hikes, and misguided government spending that could leave the country facing a decade of deficits.

The Albanese government’s Hydrogen Headstart was always going to struggle, as even generous subsidies can’t overcome the high costs and inefficiencies of green hydrogen production.

Australia gets less productive; Qatar Airways flies over Qantas’ protectionist wall; Xi Jinping’s big bazooka; why so many kids have peanut allergies; fraud, fraud, everywhere; AI’s huge boom and likely bust; and Australia’s boys and young men are struggling.

Australia’s housing crisis won’t be solved by federal policies alone, and demand-side measures from both major parties risk pushing prices even higher, while critical supply-side barriers—like restrictive zoning laws and regulations—remain largely unaddressed.

The Labor government’s potential deal with the Greens to eliminate negative gearing and reduce the capital gains tax discount may ultimately be more symbolic than effective in tackling Australia’s housing affordability crisis.