COVER STORY: Rudd Budget targets ‘middle-class’ welfare*

Treasurer Wayne Swan has embarked on a fundamental review of the welfare system in Australia.Wayne Swan’s first Budget contained three central planks — fighting inflation, delivering on election commitments and rethinking the welfare system in Australia.All are admirable goals, but two are contradictory and all are fraught with risk.Mr Swan’s first Budget was cautious, absent of any major surprises, but providing enough for the Opposition to label it “traditionally Labor” in that it went a…

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