The good and the bad of the budget

So it's the day after the day after the budget.

It doesn't seem like all that much has changed. That's because the real budget atrocities are never known on the night. It's all the grants for all the revolutionary social groups that are the real killer.

You can rest well assured that I will be sniffing these out. Inner City Legal Centre I'm looking directly at you. And that's just the start.

But there are some things to say right off the bat.

First up, Joe Hockey's speech was dull and boring. He was not as bad as Wayne the Wonder Treasurer. But Smokin' Joe was in that general vicinity.

Not that presentation changes anything about the substance. But it does help with the sell.

And so far this has been terrible.

For a start, Hockey has a powerful argument on his side that he has not used effectively. Interest is a killer and when it runs into the billions that's a lot of lost opportunity for our nation. Hockey should spend far more time talking about how much interest we are paying and how much interest his budget will save.

Then there is the problem of trust.

Abbott and co were elected because the other mob were a bunch of no good, rotten dirty liars. But at least we all know that Julia Gillard owned up to the fact that she had not kept her promise.

Joe Hockey didn't even have the decency to do that with his own porkies.

No new taxes means no new taxes. But there are new taxes. That's a broken election promise. A lie if you will. And Joe Hockey's verbal somersaults in his post-budget interview on the ABC did not help.