A lesson forgotten. As someone all too closely involved with that famous “no child will live in poverty” slogan I am well aware of the dangers of political over-promising. What continues to surprise is me is that following generations of Labor apparatchiks did not learn the lesson from that embarrassment.

So it is that Wayne Swan and Julia Gillard will end the year with “we will bring the budget back into surplus in 2012-13” as a vote losing deadweight hanging around their necks. And the retreat that the Treasurer announced yesterday will be far more damaging than Bob Hawke’s over-promising. For this Prime Minister does not have the luxury of a Hawkeian approval rating and suffers as well from previous extravagant promises broken.

Scrapping two years of assurances that government spending will be balanced at least by government revenue will just remind voters of the cavalier fashion with which Gillard abandoned her solemn “there will be no carbon tax imposed by a government I lead”.

A good time for a holiday. The Prime Minister got off quite lightly really from her government’s budget back-down. Of the tabloids only Melbourne’s Herald Sun really went to town.

Being on holiday helped with the loyal deputy Wayne Swan stepping forward to take most of the flack with a bit of help from that master of the dead bat Penny Wong. With the public’s mind on other things, this was a perfect time to make a mockery of repeated promises.

Not that it will help much. Trustworthiness will be the big issue of the coming election year. If Gillard can survive the polls she will indeed be a miracle worker.

Greg at the top of the class. The early front runner in our ranking of ministers in the Labor Government sees Greg Combet the early leader but not so far in front that he is sure to stay there. And Joe Ludwig might yet avoid the dunces cap depending on how the judgments fall over the weekend. Give your assessment of the Gillard Cabinet members HERE before 10am on Monday.

Note: the smaller number of votes for Minister Ludwig compared to Minister Combet tells us a lot about how well known the pair are.

Now for the other lot. Being fair and balanced people here at Crikey it seemed only fair to subject the Opposition’s senior shadow ministers and Greens Leader Christine Milne to the same kind of assessment. Give your assessment of the shadow ministerial team HERE with a closing time again of 10am on Monday.

News and views noted along the way.