Socialism swells

February 26 2013 - 9:44am

FORMER BHP Billiton chairman and National Australia Bank chief executive Don Argus said recently: "Social security and welfare spending now accounts for about 35 per cent of spending in the Commonwealth budget, with the government planning on spending $132 billion in 2012-13. On top of this, the states spend money on areas ranging from homelessness to pensioner concessions, with New South Wales earmarking 8 per cent of its spending for social security and welfare this year."

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