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Noel News Do not regret growing older. It is a privilege denied to many.   Welcome to another newsletter It was always going to be an election budget, and there were some good things in it. But the cash handouts are fiscal irresponsibility at its worst. Think about it: the Treasurer revealed that there would be a deficit of $78 billion in the forthcoming 12 months. This is money we, as a nation, have to borrow. One of the first rules of good money management is to avoid bad debt, and use good debt. Bad debt is when we borrow for consumption, such as travel, clothing, or a wedding, and good debt is when we borrow for assets such as property and shares, which will provide lasting benefit. I have no problem whatsoever with government borrowing for roads, infrastructure and other items that have a long-term payback, but I see ...