Now we get a summarized Budget... Oh Boy...

  The government sure has its way of taxing its individuals especially in the Middle to Lower class. This article says around 88 percent of the money that is being found to fix the 'budget emergency' is being ripped out of health and social services. But according to this article it seems like many groups of people will have it tough finding a way to make a living. Young and unemployed people will find it difficult to find job opportunities. 16,500 public servants are losing their jobs and companies will get a $10,000 gift if they employ an old person. Disabled people who have been on pensions will also be thrown into this job searching frenzy. For younger people it will be harder to get the pension because there will most likely be people who are disabled that are more qualified. On top of that you have to be unemployed for six months until you get employee benefits. So whatever happens in those six months no matter how many jobs people like me apply to we get nothing! And lets say you manage to get a job that pays about $45,000 a year with a couple of kids and you rent a house. Of course it's impossible to live on that much money – that's why the Government has always stepped in to help, so your kids have enough to eat. Those benefits are going to be frozen, which means that even though the cost of your fish fingers and two minute noodles goes up, the money coming in doesn't. Once your youngest kid is six, you'll stop getting part of the benefit completely. And don't expect your wage to go up – with all those newly unemployed people competing for jobs, you're lucky to have it. You'll be too worried about old people taking your jobs to be brave enough to ask for a pay rise. As for the High Income earners they don't pay much tax at all, in fact Middle to Lower class make up for what they pay. If you're still at school, you can look forward to some good old US-style debt for the rest of your life. That's right, as of 2016 universities will be able to charge whatever fees they like. You'll still be able to get a loan from the Government, but they're going to be higher, and you'll be charged a higher interest rate on them too. Good luck ever trying to get a loan for a house with those debts. The debt just keeps going up!!