Well it's just over two years later and we're still spending much more than we're earning as a country, and I don't see any moves being made to try and fix the situation.
On the bright side, there seems to be far less looting around, so now it's no longer the theft of the country that's our biggest worry, simply bad economics.
Let's see what happens in the budget speech later this month. Personally I'm not holding my breath for anything that will fix the mess we're in, but I've been surprised before.