I am no politician nor economist, but I am a pretty good business manager who lived and works hard for my salary in the real work, and I am held accountable for the profit and loss of my employer and the company.

Sometimes , the government just have to run the country like a business:

The people of the country are the customers and all the incomes ,taxes, levies, GST etc are the incomes.

All the social welfare, infra structures, educations, health cares etc. are expenditures. In business, you can not spent more than you earn, but may be you can borrow money to sustain growth or invest in infra structure (building plants and purchases of equippments) but all these investments must make a positive returns within a reasonable time frame for the company to survive .

If the expenses far exceed the income and you can't increase the income stream, then the only way out is not to borrow more money but to cut expenses.

I personally went through a few corporate restructuring and also worked for company under receivership, it ain't pretty and the words cut, cut, cut are almost daily rituals !!

If you are the head of you department which had 30 staff, you could br told to cut 10 people in the next 7 days and take everything into considerations , the remaining people must raise their productivity dramatically so that they can keep the department functioning with 2/3 of the man power. Talking about tough decisions!

I don't think our country is in that bad shape yet, may be if we accept some pains now , there will be less pain in the future or for our children.

Remember that movie where George Cooney and another hot chick was doing exactly that to a lot companies to fix their "problems" hopefully we never have to call upon outside assistance to do the dirty works for us !!

The age of entitlements are gone !!

Just my two cents!

Cheers