Less than 5 months ago this clown was still promising a surplus ...
We all knew it was coming ... it seems everyone knew except the guy making the promises and yet it still hurts to see it happening.
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THE Federal Budget is in even worse shape than previously thought, with Prime Minister Julia Gillard to reveal today a huge hit to revenue of $12 billion this year.
With just three weeks until Treasurer Wayne Swan hands down his most politically important Budget - and 20 weeks until election day - Ms Gillard will announce that fresh Treasury advice shows a "significant fiscal gap".
The new hole in revenue is almost double the surprise $7.5 billion shortfall that caused Labor to abandon just before Christmas its three-year pledge to have a $1.1 billion surplus.
It sets the scene for a bigger than expected deficit when Mr Swan hands down his sixth Budget on May 14.
It will also make it tougher to pay for multi-billion dollar spending plans for schools and the national disability insurance scheme, which the PM has guaranteed will be in the Budget.
But the PM will ask voters to trust her government to make the right choices and vow not to "fail the future"
