Kev Rudd is going to save us from inflation by bolstering the Federal government's already embarrassingly bloated surplus.
He's going to achieve the extra bang for the bloat by taking away from those who already have so very little: old age pensioners and careers (who, very often, are one and the same thing).
The elderly, who only receive around $12K a year on a government pension, will lose their annual $500 senior's bonus, which for most is a windfall that enables them to pay for a few essentials of life, whether a coat for winter, house repairs, or perhaps medicines and new shoes.
The Rudd government is also expected to axe the $1600 a year paid to carers through the carer bonus and the carer allowance schemes.
To add to the insult, there isn't really any particular economic to support the old theory of cutting spending in order to put a lid on inflation. The European Central Bank takes a totally different tack, appreciating that a downward spending spiral can suck in other elements of the economy, like fewer jobs, which then feeds a genuine recessionary trend. No, in Europe they are more interested in price stability to keep inflation in check.
Oh, that's right: Rudd promised that he would look into the every increasing price of petrol and groceries. He forgot to mention that first he would take away a pittance from the neediest, lest they lose their heads and the economy runs riot over the purchase of some extra fruit or the fixing of a leaking tap. No sir, you just can't trust the wayward spending habits of those who have so little.