By guest contributor Ken Atchison, Principal, Atchison Consultants Both the Federal and Victorian governments have released budgets in May with deficits projected well into the future. Budget deficits do matter. Ultimately a decline in the standard of living for all Australians and, especially, all Victorians, will occur from flawed fiscal management reflected in persistent budget deficits. Government deficits emerge when spending occurs today for the benefit of individuals today....