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Remember when saving was a virtue? All that hand-wringing about the country's declining savings rate and skyrocketing consumer debt? Not any more. Profligacy is the new morality as the Government urges us to take its $42 billion and spend, spend, spend.

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Kevin Rudd might not think much of this idea, but there's a way his stimulatory package this week could really put a bit of zing in your super.

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The Federal Government's $950 tax bonus payment could end up costing the Government up to $2,375 per taxpayer

Pensioner Rewards

Oct 15, 2008

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FOUR million pensioners, carers, seniors and veterans will get one-off payments worth $1400 for singles and $2100 for couples in December as the Government tries to boost the economy.

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FORMER Treasurer Peter Costello drew fire from financial planners and political foes alike yesterday. He was called heartless and impulsive for trying to blame advisers for over-enthusiastically directing clients into superannuation investments that have crashed horribly since last year.

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