Latest / The Kenny Report / The Kenny Report | 14 May

Transcript

The Kenny Report | 14 May · The Kenny Report

• 0:01
  Speaker 1: Line from the Skying New Center. This is the Kenny Report.
• 0:06
  Speaker 2: Thanks for joining me on Budget Day. I know you
• 0:08
  Speaker 2: can all feel the excitement in the Kenny Report. Tonight,
• 0:11
  Speaker 2: I'll explain the core broken promise at the heart of
• 0:14
  Speaker 2: this budget, and I'll get some expert analysis on the
• 0:17
  Speaker 2: fight against inflation. Also, One University cracks down on the
• 0:22
  Speaker 2: pro Palestinian and pro Hummas protesters as the United Nations
• 0:26
  Speaker 2: dramatically revises down the number of civilian deaths in Gaza.
• 0:31
  Speaker 2: I'll cross to Christen Tate in the US, where the
• 0:34
  Speaker 2: cost of living is biting and the Vice President has
• 0:37
  Speaker 2: dropped the f bomb. Also Tim Blair, Lisa Goddard and
• 0:41
  Speaker 2: Steven Senatiempo.
• 0:42
  Speaker 1: Let's get cracking. The budget will be delivered in just
• 0:48
  Speaker 1: over two hours from now.
• 0:49
  Speaker 2: As we speak, journalists are in the budget lock up
• 0:52
  Speaker 2: going through the details, interviewing the Treasurer, writing their reports
• 0:56
  Speaker 2: so they can all burst out of the blocks after
• 0:58
  Speaker 2: the budget speech with all the detail and all the
• 1:00
  Speaker 2: hot takes.
• 1:01
  Speaker 1: And we'll have all that here live on Sky News tonight,
• 1:04
  Speaker 1: So don't touch that dial.
• 1:05
  Speaker 2: In fact, I'll be back myself later on with Paul
• 1:08
  Speaker 2: Murray from nine to thirty. But there's one certainty tonight,
• 1:12
  Speaker 2: one major broken promise that lies at the heart of
• 1:15
  Speaker 2: this budget. It's one of those big broken promises that
• 1:18
  Speaker 2: politicians too often get away with, and it goes to
• 1:21
  Speaker 2: the cost of living crisis, which the Coalition zeroed in
• 1:25
  Speaker 2: on in Parliament.
• 1:26
  Speaker 3: Today, families are feeling the impact of Labour's homegrown inflation,
• 1:31
  Speaker 3: with the cost of almost everything going up. Food is
• 1:35
  Speaker 3: up ten percent, housing is up twelve percent, insurance is
• 1:39
  Speaker 3: up twenty six percent, Electricity and gas are up eighteen
• 1:43
  Speaker 3: percent and twenty five percent respectively. Why are Australians paying
• 1:49
  Speaker 3: the price for the weak economic leadership of this prime minister?
• 1:54
  Speaker 2: Yeah, fair question, of course, because the central pledge of
• 1:57
  Speaker 2: Labour's election campaign was that it was going to lower
• 2:01
  Speaker 2: the cost of living. You remember, of course, Labor told
• 2:04
  Speaker 2: us the cost of everything is going up and that
• 2:06
  Speaker 2: a Labor government would lower the cost of living.
• 2:10
  Speaker 4: We will put in place mechanisms that provide cost of
• 2:14
  Speaker 4: living relief.
• 2:15
  Speaker 5: Under Labor, you'll have a government which cares about cost
• 2:18
  Speaker 5: of living and has plans to deal with it.
• 2:19
  Speaker 4: Build people's living standards up, a better future with real
• 2:23
  Speaker 4: plants to address is the cost of living.
• 2:26
  Speaker 5: And to ease the pressure that too many Australians are
• 2:29
  Speaker 5: feeling during this full blown cost of living crisis.
• 2:33
  Speaker 4: Taking pressure off the cost of living, of a dressing
• 2:36
  Speaker 4: cost of living issues, to take pressure off living standards.
• 2:39
  Speaker 1: Meaningful help with your cost of living.
• 2:42
  Speaker 2: Yeah, that was the promise, clear cut and clearly labor
• 2:46
  Speaker 2: has failed. Electricities through the roof, interest rates have gone
• 2:50
  Speaker 2: up a dozen times under Labour.
• 2:51
  Speaker 1: Groceries have gone up there through the roof.
• 2:53
  Speaker 2: Rents and housing through the roof too, and warnings from
• 2:56
  Speaker 2: the Reserve Bank now that inflation is still too high
• 2:59
  Speaker 2: and they can't rule out another interest rate rise. And now,
• 3:03
  Speaker 2: of course Labour no longer actually promises to lower the
• 3:06
  Speaker 2: cost of living.
• 3:08
  Speaker 1: They have a different solution.
• 3:10
  Speaker 5: Our big priority here is to put the people front
• 3:13
  Speaker 5: and center. We know that people are doing it tough
• 3:15
  Speaker 5: and that's why more help is on the way tonight.
• 3:18
  Speaker 1: Yeah, like the little riverband, Hey, help is on the way.
• 3:20
  Speaker 2: Labour's failed to lower the cost of living, so they've
• 3:23
  Speaker 2: switched to spending more tax dollars trying to help people
• 3:27
  Speaker 2: cope with the higher cost.
• 3:29
  Speaker 1: Of living that they've delivered.
• 3:32
  Speaker 2: And there are three big problems with this approach apart
• 3:34
  Speaker 2: from the broken promise. Of course, One is it's a
• 3:37
  Speaker 2: high taxing and high spending approach that could fuel inflation and.
• 3:41
  Speaker 1: Make things worse.
• 3:43
  Speaker 2: Second, it doesn't do anything to stop costs going higher,
• 3:46
  Speaker 2: it doesn't actually fix the underlying problem.
• 3:49
  Speaker 1: And third, it creates winners and losers.
• 3:51
  Speaker 2: It takes money from some taxpayers and hands it over
• 3:55
  Speaker 2: to others. Labour says its biggest cost of living measure
• 3:58
  Speaker 2: actually will be the tax cut. These are the tax
• 4:01
  Speaker 2: cuts legislated first by the Coalition.
• 4:04
  Speaker 1: Before Labour came to power.
• 4:06
  Speaker 2: All Labour's done is break it's promised not to fiddle
• 4:08
  Speaker 2: with them. They've fiddled with them so that anyone earning
• 4:11
  Speaker 2: more than one hundred and forty seven thousand dollars a
• 4:14
  Speaker 2: year will now pay more tax than they would have,
• 4:16
  Speaker 2: and so that over time the government's actually going to
• 4:19
  Speaker 2: get to keep more of your money through bracket creep. Still,
• 4:23
  Speaker 2: tax cuts are welcome. Just remember they were first legislated
• 4:27
  Speaker 2: by the coalition because cutting taxes is not exactly in
• 4:30
  Speaker 2: Labour's DNA. And they'll now be the centerpiece of Labour's
• 4:34
  Speaker 2: budget along with a surplus. But we expect there will
• 4:38
  Speaker 2: be a one off surplus. No grand promises like this one.
• 4:42
  Speaker 2: When Jim Charmers was the chief of staff to the
• 4:45
  Speaker 2: then Treasurer Wayne Swan.
• 4:48
  Speaker 1: The four years of surpluses I announced tonight are a.
• 4:51
  Speaker 6: Powerful imbursement of the strength of our economy.
• 4:56
  Speaker 2: Yeah it was laughable at the time, and sure enough
• 4:59
  Speaker 2: none of those this has actually happened. Well tonight Charmers
• 5:02
  Speaker 2: will announce a surplus for his second budget, a surplus
• 5:05
  Speaker 2: for this year because a government coffers have been boosted
• 5:09
  Speaker 2: again by higher tax receipts.
• 5:11
  Speaker 1: The worry. That's a good thing, always good to bank
• 5:14
  Speaker 1: a surplus.
• 5:15
  Speaker 2: But the worry is that the Treasurer will also forecast
• 5:18
  Speaker 2: at least three deficits after that, deep deficits too, because
• 5:23
  Speaker 2: spending is too high. Spending is out of control. What
• 5:26
  Speaker 2: we really need is a government prepared to tackle that.
• 5:30
  Speaker 1: We need leaders prepared to.
• 5:31
  Speaker 2: Make government smaller and more efficient instead of forever bigger,
• 5:36
  Speaker 2: more intrusive and more expensive. Some common sentence has been
• 5:44
  Speaker 2: shown by one of our universities over the pro palaced
• 5:46
  Speaker 2: Indian pro Humas and anti Israeli protests. Deacon University in
• 5:51
  Speaker 2: Melbourne has told the protest encampment to pack up and leave.
• 5:56
  Speaker 2: The UNI's letter to protest organizers says they were supposed
• 5:59
  Speaker 2: to wrap up last week and that the camp and
• 6:02
  Speaker 2: the protests are compromising the safety and well being of
• 6:07
  Speaker 2: students and staff at the campus. Protesters say they'll dig
• 6:11
  Speaker 2: in and defy those orders, so be two big questions
• 6:14
  Speaker 2: actually loom. Will the university and the police presumably go
• 6:19
  Speaker 2: in and forcibly remove the protesters, and then will other
• 6:23
  Speaker 2: universities follow suit. Most of the other universities are far
• 6:27
  Speaker 2: too feeble to take.
• 6:28
  Speaker 1: Any action, so all eyes will be on Deacon for now.
• 6:31
  Speaker 2: The protests continue to make out landish claims accusing Israel
• 6:36
  Speaker 2: of genocide and of targeting civilians, claims that are demonstrably untrue.
• 6:42
  Speaker 1: And they continue.
• 6:43
  Speaker 2: These protesters to barrack for into farda, which is armed
• 6:47
  Speaker 2: insurrection and the killing of innocence by terrorists, and they
• 6:50
  Speaker 2: chance from the river to the sea, in other words,
• 6:53
  Speaker 2: chant for the elimination.
• 6:55
  Speaker 1: Of the state of Israel.
• 6:57
  Speaker 2: Yet, despite these violent chants and the of us intimidation
• 7:01
  Speaker 2: of Jewish students or supporters of Israel, the university leaders
• 7:05
  Speaker 2: defend these protests on the grounds.
• 7:08
  Speaker 1: Of freedom of speech.
• 7:10
  Speaker 2: Yeah, freedom for some and into fada for those who disagree.
• 7:15
  Speaker 2: At Monash University, a group of Jewish students and supporters
• 7:18
  Speaker 2: were holding a peaceful ceremony to commemorate the victims of terrorism,
• 7:23
  Speaker 2: the innocent people killed by Hummas on October the seventh,
• 7:27
  Speaker 2: and they were deliberately targeted by pro Palestinian protesters. Imagine
• 7:32
  Speaker 2: that targeting a commemoration of innocent terrorism victims. Still, some
• 7:38
  Speaker 2: of these protesters actually say they support Hummas, openly support Hummas,
• 7:43
  Speaker 2: So I guess we shouldn't expect decency. Meanwhile, in Parliament today,
• 7:48
  Speaker 2: Peter Dutton asked a critical question.
• 7:51
  Speaker 7: Prime Minister one hundred and thirty hostages still remain in
• 7:53
  Speaker 7: tunnels after the October seven attacks by Hamas on Israel
• 7:57
  Speaker 7: last year, in which twelve hundred people were men assacre
• 8:00
  Speaker 7: and violent anti Semitism is on the rise here in
• 8:03
  Speaker 7: Australia and indeed around the world. Why did the Prime
• 8:07
  Speaker 7: Minister make a captain's call to back Palestine's bid for
• 8:10
  Speaker 7: full United Nations membership, breaching faith with our Jewish community
• 8:15
  Speaker 7: and decades of bipartisanship, and putting us at odds with allies,
• 8:19
  Speaker 7: including the United States, the United Kingdom and Canada.
• 8:23
  Speaker 4: Contrary to the leader of the Opposition's depiction of this,
• 8:30
  Speaker 4: the Australian government has had a long term position of
• 8:34
  Speaker 4: support for a two state solution and in this I
• 8:39
  Speaker 4: accept responsibility for government decisions as Prime Minister. We had
• 8:47
  Speaker 4: a proper process to make that decision through all of
• 8:54
  Speaker 4: our appropriate channels. The people who are vehemently opposed to
• 9:00
  Speaker 4: that resolution, to that resolution include Hamas, include people who
• 9:07
  Speaker 4: have a view that there should be just a single
• 9:10
  Speaker 4: state from the river to the sea as the chance goes.
• 9:16
  Speaker 4: That is not my position, that is not the government's position,
• 9:20
  Speaker 4: and it also wasn't the position of Japan, Korea, the
• 9:25
  Speaker 4: New Zealand Conservative government led by Christopher Luxen Aziyan. Of
• 9:31
  Speaker 4: all of those countries who all overwhelmingly who will overwhelmingly voted.
• 9:38
  Speaker 1: For that motion.
• 9:40
  Speaker 2: Yeah, also China, Russia, North Korea, Iran, Syria.
• 9:46
  Speaker 1: Why not list all those fellow travelers.
• 9:49
  Speaker 2: And what about the countries Australia did not vote with,
• 9:52
  Speaker 2: like Israel, the United States, the United Kingdom and Canada.
• 9:57
  Speaker 1: Again, lots of words from Alban easy with little me.
• 10:00
  Speaker 2: Is he actually pretending that the terrorists of humm Us
• 10:04
  Speaker 2: would be disappointed by this propaganda win at the United Nations.
• 10:09
  Speaker 1: Is he saying that, rather than rewarding hum Us.
• 10:11
  Speaker 2: Australia's capitulation will rile them seriously? The PM needs to
• 10:16
  Speaker 2: understand that mainstream voters might not be quite as gullible
• 10:20
  Speaker 2: as a bunch of university protesters in Palestinian scarfs. Now,
• 10:25
  Speaker 2: just on this war and the facts, I've said before
• 10:29
  Speaker 2: that we have to be very skeptical, very skeptical indeed
• 10:32
  Speaker 2: about claims made when it comes to.
• 10:34
  Speaker 1: Casualties in Gaza.
• 10:36
  Speaker 2: They're banded about by protesters and the media, but the
• 10:39
  Speaker 2: only numbers coming out of Gaza are numbers that hum
• 10:42
  Speaker 2: Us allows out of Gaza. So they're always dodgy and
• 10:45
  Speaker 2: they shouldn't be parroted the way they are by protesters,
• 10:48
  Speaker 2: by the media, by politicians, or by the United Nations.
• 10:52
  Speaker 2: And just to demonstrate this exact point, the UN quietly
• 10:57
  Speaker 2: has dramatically revised downward words its claims about the number
• 11:02
  Speaker 2: of women and children killed in Gaza. Just a week ago,
• 11:05
  Speaker 2: they were claiming that more than nine thy five hundred
• 11:09
  Speaker 2: women had been killed and more than fourteen and a
• 11:11
  Speaker 2: half thousand children. Two days later, they reduced those numbers
• 11:15
  Speaker 2: to less than five thousand women and less than eight
• 11:18
  Speaker 2: thousand children. Now I hasten to add, if those numbers
• 11:21
  Speaker 2: are true, they are horrible, a horrendous toll, a terrible loss,
• 11:27
  Speaker 2: because of a war Hummas has deliberately started and deliberately prolonged.
• 11:31
  Speaker 2: Hummas has deliberately endangered the lives of Palestinian civilians and
• 11:36
  Speaker 2: used them for propaganda purposes. So no loss of innocent
• 11:40
  Speaker 2: lives is good news. But the facts matter, especially when
• 11:44
  Speaker 2: people shout genocide and accuse Israel of targeting civilians. So
• 11:49
  Speaker 2: the UN now revises down the civilian toll by almost half,
• 11:54
  Speaker 2: which means it's admitting that an even higher proportion of
• 11:56
  Speaker 2: deaths are actually terrorists are Hummus combat And remember, if
• 12:01
  Speaker 2: the UN can suddenly drop the estimate of innocent lives
• 12:04
  Speaker 2: lost by almost half, then even those latest figures might
• 12:08
  Speaker 2: not be accurate. The bottom line is that the war
• 12:11
  Speaker 2: must end, the deaths of innocence must come to an end,
• 12:15
  Speaker 2: and for that to happen, humus Man must hand over
• 12:19
  Speaker 2: the remaining hostages and surrender its terrorists.
• 12:24
  Speaker 1: The sooner the better.
• 12:29
  Speaker 2: Let's go to Camberra now and catch up with the
• 12:31
  Speaker 2: National Senate leader Bridget mackenzie, thanks for joining us at Bridget.
• 12:34
  Speaker 2: A lot of eyes on the budget today and we'll
• 12:36
  Speaker 2: be talking a lot about that throughout the program. But
• 12:39
  Speaker 2: I want to get your thoughts on the latest revelations
• 12:42
  Speaker 2: when it comes to border protection in this country. Six
• 12:46
  Speaker 2: boats making it to the mainland, three just in the
• 12:49
  Speaker 2: last week. No focus on this from the government. Anthony
• 12:53
  Speaker 2: ALBERNIZI trying to pretend that operations sovereign Borders is still
• 12:57
  Speaker 2: exactly the same when he's stripped away, of course, temporary
• 13:00
  Speaker 2: protection visas and reduce the amount of patrolling across our
• 13:04
  Speaker 2: maritime border.
• 13:08
  Speaker 1: Yeah.
• 13:08
  Speaker 8: Absolutely, Chris, great to be with you as we all
• 13:11
  Speaker 8: await the budget. I mean, this guy and this government
• 13:14
  Speaker 8: have been missing in action when it comes.
• 13:17
  Speaker 1: To border protection.
• 13:18
  Speaker 8: Operation sovereign Borders is not being operated like it was
• 13:22
  Speaker 8: under the coalition government. You raise perfectly the issues around
• 13:26
  Speaker 8: the temporary protection visas going, the aerial and the sea
• 13:32
  Speaker 8: surveillance being cut, and indeed other cuts across border force.
• 13:36
  Speaker 8: You know, we've seen those three new arrivals this week
• 13:39
  Speaker 8: and what answer did the Prime Minister give in question
• 13:42
  Speaker 8: time is that we've got a large border. Well guess
• 13:44
  Speaker 8: what Prime minister. That has not changed one meter between
• 13:49
  Speaker 8: the coalition government and you becoming prime minister. That's a fact, right,
• 13:53
  Speaker 8: and a year eight kid in geography could tell you that.
• 13:56
  Speaker 8: So what has changed is absolutely the pull fact. Overseas,
• 14:01
  Speaker 8: they can see this government is week on borders, they
• 14:04
  Speaker 8: can see their week on detainees, and they are unfortunately
• 14:09
  Speaker 8: chancing their arm at a very dangerous journey to our country.
• 14:13
  Speaker 8: And the last time Labor was in power, twelve hundred
• 14:16
  Speaker 8: people died at sea. So he might laugh at up
• 14:19
  Speaker 8: on Budget Day in question time today, but his policies
• 14:23
  Speaker 8: are not only weakening our borders but potentially putting future
• 14:27
  Speaker 8: refugees and asylum seekers lives at risk.
• 14:29
  Speaker 9: Yeah.
• 14:29
  Speaker 1: Look, it's a deadly serious business.
• 14:32
  Speaker 2: I remember seeing this unfold in the early days of
• 14:34
  Speaker 2: the Rudd Gillard government and they were scoffing at the
• 14:37
  Speaker 2: early arrivals and don't you worry about that? And very
• 14:40
  Speaker 2: soon it turned into a full scale catastrophe of humanitarian
• 14:44
  Speaker 2: terms for the people trying to get here and for
• 14:46
  Speaker 2: us trying to deal with it here.
• 14:48
  Speaker 1: Just horrible if that unfolds again.
• 14:50
  Speaker 2: Now there is a proposal to get tpc's back on
• 14:54
  Speaker 2: the agenda that'll play out through Parliament. But as far
• 14:56
  Speaker 2: as the budget's concerned, won't you be looking then for
• 14:59
  Speaker 2: a life or two in the budget tonight where Labor
• 15:02
  Speaker 2: will top up the spending on those maritime patrols because
• 15:05
  Speaker 2: they have reduced them both on the sea and from
• 15:08
  Speaker 2: the air, so they need to put money back into
• 15:11
  Speaker 2: that area and make sure that we are intercepting every
• 15:13
  Speaker 2: boat that tries to get here.
• 15:17
  Speaker 1: Yeah.
• 15:17
  Speaker 8: Absolutely, I mean, whether it's Giles, whether it's you know O'Neil.
• 15:23
  Speaker 8: They are missing in action on border security. This is
• 15:27
  Speaker 8: their opportunity to show the country that they take this
• 15:30
  Speaker 8: issue seriously. We've got ministers missing in action. Let's hope
• 15:35
  Speaker 8: they have attended the ERC meetings and got additional funding
• 15:39
  Speaker 8: for Border Force to reinstate both the aerial and the
• 15:44
  Speaker 8: sea surveillance flights and voyages. We also, obviously Chris, are
• 15:48
  Speaker 8: going through the debate in the Senate tomorrow on the
• 15:51
  Speaker 8: migration changes. We were vindicated in the fact of not
• 15:55
  Speaker 8: rushing through that legislation in last sitting. Our coalition senators
• 15:59
  Speaker 8: have put up a dissenting report with a lot of
• 16:02
  Speaker 8: amendments that will be debating over coming days and negotiations
• 16:06
  Speaker 8: are going on tonight with the cross Bench that hopefully
• 16:08
  Speaker 8: we'll get some support for those.
• 16:10
  Speaker 2: Now, the broader question that does impact also very much
• 16:12
  Speaker 2: on budget considerations is immigration. The Government's admitted it's way
• 16:17
  Speaker 2: too high. It continues to grow. Now we've even got
• 16:19
  Speaker 2: labor premiers pleading for the federal government to put the
• 16:23
  Speaker 2: brakes on immigration. Will there be numbers in the budget
• 16:26
  Speaker 2: papers tonight that will give us an indication of where
• 16:28
  Speaker 2: that's going.
• 16:31
  Speaker 8: Look, i hope the Prime Minister and Jim Chalmers book
• 16:34
  Speaker 8: in for hearing tests after this budget because Australians have
• 16:38
  Speaker 8: been screaming for two years about the housing crisis in
• 16:42
  Speaker 8: our congested suburbs and our regional centers, as they've flooded
• 16:48
  Speaker 8: half a million additional arrivals in recent months and cut
• 16:53
  Speaker 8: infrastructure funding. Now you cannot have that happening and not
• 16:57
  Speaker 8: see the housing crisis unfolded as it has and indeed
• 17:01
  Speaker 8: the congestion continue to grow. And now you've got labor
• 17:04
  Speaker 8: premiers saying listen up, Jim, listen up, Albo, this is
• 17:09
  Speaker 8: a problem. So I'm hoping tonight we'll actually get the
• 17:13
  Speaker 8: figures on where they see their migration intakes going to
• 17:15
  Speaker 8: be and I think that'll be welcome information for Australians
• 17:20
  Speaker 8: to see if they've actually gotten tough rather than just
• 17:23
  Speaker 8: talk tough. And I think your commentary over the weekend
• 17:26
  Speaker 8: was spot on on This guy either doesn't believe what
• 17:30
  Speaker 8: he's saying or isn't saying what he believes. And this
• 17:33
  Speaker 8: is again another opportunity for the government to put on
• 17:35
  Speaker 8: the table. But right now I don't think the Australians
• 17:38
  Speaker 8: are buying it. They're feeling poorer because they actually are poorer.
• 17:42
  Speaker 1: Good on you for plugging my column, Senator.
• 17:45
  Speaker 2: People should get to the Australian website and dig out
• 17:47
  Speaker 2: my weekend column.
• 17:48
  Speaker 1: Thanks for joining us.
• 17:50
  Speaker 2: We will see what the budget contains in just over
• 17:52
  Speaker 2: two hours from now, but I think that immigration issue
• 17:55
  Speaker 2: is one that we'll want to delve into. Let's get
• 17:57
  Speaker 2: into some of the other economic issues that will be
• 18:00
  Speaker 2: confronted in the budget.
• 18:01
  Speaker 1: And I'm joined now by Dmitri.
• 18:02
  Speaker 2: Berstein, who's a principal at Eminence Advisory.
• 18:05
  Speaker 1: Good to talk to you again, Temitri.
• 18:07
  Speaker 2: Look at the big issue front and center is this
• 18:11
  Speaker 2: clash in four casts over inflation.
• 18:14
  Speaker 1: Now, we've been talking about the.
• 18:16
  Speaker 2: Fight against inflation since before the last election, the Labor
• 18:20
  Speaker 2: promised to get inflation under control. They're now saying that
• 18:24
  Speaker 2: they'll have it below three percent before the end of
• 18:27
  Speaker 2: the year. Whereas the Reserve Bank, who's really reason for
• 18:31
  Speaker 2: existence is controlling inflation, they say it will take another year.
• 18:35
  Speaker 2: Who's right and what could the consequences be?
• 18:39
  Speaker 10: Well, Chris, thanks to having on your show. The last
• 18:42
  Speaker 10: inflation reading was three point six percent, but wages are
• 18:47
  Speaker 10: growing at four percent and in an increasing service based economy,
• 18:53
  Speaker 10: you know, I struggle to see inflation falling. However, on
• 18:59
  Speaker 10: the disconnect between the RBA and Treasury, I'll get you
• 19:03
  Speaker 10: to consider the role of doctor Stephen Kennedy, the Secretary
• 19:06
  Speaker 10: of the Treasury, who has a permanent seat on the
• 19:10
  Speaker 10: RBA board and is also the chief architect of the budget.
• 19:15
  Speaker 10: So within one week he signed off on two potentially
• 19:19
  Speaker 10: conflicting inflation projections. Now, doctor Kennedy, who serves at the
• 19:26
  Speaker 10: pleasure of the government on a million dollar salary, I
• 19:29
  Speaker 10: will leave it to your viewers to assess which is
• 19:31
  Speaker 10: the more credible or more likely inflation projection.
• 19:36
  Speaker 2: Well, I guess Kennedy would argue that there are some
• 19:39
  Speaker 2: inflation fighting measures in the budget and he couldn't reveal
• 19:41
  Speaker 2: those to the RBA board before the budget was delivered.
• 19:45
  Speaker 2: Let's have a look at the treasurer today, who's hinting
• 19:47
  Speaker 2: in this direction.
• 19:49
  Speaker 5: This budget is all about putting downward pressure on inflation,
• 19:52
  Speaker 5: not outward pressure on inflation. And you'll see that in
• 19:55
  Speaker 5: the inflation forecast that you've had a look at in
• 19:58
  Speaker 5: the course of the last couple of days. This budget
• 20:01
  Speaker 5: will be part of the solution when it comes to inflation,
• 20:04
  Speaker 5: not part.
• 20:04
  Speaker 1: Of the problem. Yeah.
• 20:06
  Speaker 2: Well, he's big on the slogans, he's not so good
• 20:08
  Speaker 2: on the delivery. But from an economics point of view,
• 20:11
  Speaker 2: how can you put more money into the economy, both
• 20:13
  Speaker 2: through tax cuts and through direct cost of living assistance
• 20:17
  Speaker 2: without being inflationary.
• 20:20
  Speaker 1: Well you can't.
• 20:21
  Speaker 10: But it's actually worse, Chris, because inflation is when you
• 20:24
  Speaker 10: have too much money chasing too few goods and services.
• 20:28
  Speaker 10: At the same time they're putting more money in the economy,
• 20:31
  Speaker 10: they're putting a foot on the throat of production by
• 20:33
  Speaker 10: taking more and more resources away from business. Australia is
• 20:37
  Speaker 10: a case study that a nation cannot tax, spend, and
• 20:40
  Speaker 10: regulate itself to prosperity.
• 20:43
  Speaker 2: Yeah, we will see what about I suppose you're not
• 20:46
  Speaker 2: really here for political analysis, but it just seems to
• 20:48
  Speaker 2: me to be a bold thing to have a different
• 20:51
  Speaker 2: inflation forecast out there with such a short time frame
• 20:55
  Speaker 2: on it, because if he doesn't achieve it, Jim charmers,
• 20:59
  Speaker 2: he's going to be left with their on his face.
• 21:01
  Speaker 10: Well, the Prime Minister when campaigning and constantly talks of
• 21:06
  Speaker 10: you know, the objective of his government is to reduce
• 21:09
  Speaker 10: the cost of living, where instead the policies, not just
• 21:13
  Speaker 10: by his government, but you know, over twenty years have
• 21:16
  Speaker 10: delivered us decline not in the cost of living but
• 21:18
  Speaker 10: the standard of living. You know, this budget will have
• 21:23
  Speaker 10: again a record level of taxation, a record level of spending.
• 21:27
  Speaker 10: I would venture within the you know, the scope of
• 21:30
  Speaker 10: the forward estimates, we will hit one trillion dollars of
• 21:33
  Speaker 10: gross debt and as a proportion of GDP government expenditure
• 21:37
  Speaker 10: a government is going to increase. And we're only talking
• 21:40
  Speaker 10: about the Commonwealth. We haven't even gotten to the state
• 21:42
  Speaker 10: budgets yet. Victoria had a budget deficit last month. New
• 21:46
  Speaker 10: South Wales is coming up it's likely a sizeable budget
• 21:51
  Speaker 10: deficit as well. So there's money flooding into the economy,
• 21:54
  Speaker 10: left right and center. I struggled to I mean, obviously
• 21:59
  Speaker 10: you know the proof of in the pudding, but I
• 22:00
  Speaker 10: struggle to see how the treasure is forecasts will be achieved.
• 22:05
  Speaker 10: All the cost of living relief that the Treasure is
• 22:07
  Speaker 10: promising is actually not addressing inflation. It's just temporarily Musch exactly.
• 22:12
  Speaker 1: It doesn't do about deal with the underlying problems.
• 22:15
  Speaker 2: Spot on, Dimitry, thanks for joining joining us, Dmitry birsht
• 22:18
  Speaker 2: on there.
• 22:19
  Speaker 1: I got to say, that's what I'll be going to.
• 22:20
  Speaker 2: Everyone has their favorite bit of the budget to go
• 22:22
  Speaker 2: to first up, and I always go to that table
• 22:25
  Speaker 2: at the end of budget paper one that tells us
• 22:27
  Speaker 2: how big the spending is and the tax take is
• 22:29
  Speaker 2: as a proportion of the economy. And it's just going
• 22:31
  Speaker 2: to be keeping on going up. It's too big already
• 22:34
  Speaker 2: and it's getting even worse.
• 22:36
  Speaker 1: Now we've got to take a break.
• 22:37
  Speaker 2: On the other side, a great paddle joining us with
• 22:39
  Speaker 2: Lisa Goddard.
• 22:39
  Speaker 1: And Stephen Senna Tiempo. We'll talk about that.
• 22:42
  Speaker 2: Coeenstown Premier Stephen Miles, as I said, he's called out
• 22:44
  Speaker 2: Albo over immigration and also New South Wales now getting tough,
• 22:48
  Speaker 2: some tough new laws on people accused of domestic violence.
• 22:57
  Speaker 2: Terrific panel Joining us now with Lisa Goddard from Adony
• 22:59
  Speaker 2: Meat in Brisbane and Radio two doublell See Breakfast host
• 23:03
  Speaker 2: Steven Center Tempo in Canberra.
• 23:05
  Speaker 1: Thanks both for joining us. Got to get your thoughts on.
• 23:08
  Speaker 2: This, leads and this is the big switch from labor
• 23:11
  Speaker 2: you know, for pre election in the early days, it
• 23:13
  Speaker 2: was all going to be about.
• 23:14
  Speaker 1: Lowering the cost of living. Now they've given up. They
• 23:17
  Speaker 1: can't lower the.
• 23:17
  Speaker 2: Cost of living, so we're going to pump out some
• 23:20
  Speaker 2: money to various groups of people to try and help
• 23:22
  Speaker 2: you cope with this high cost of living that we've delivered.
• 23:27
  Speaker 11: Well, it all comes back to messaging, doesn't It comes
• 23:29
  Speaker 11: back to that basic reset of managing the media and
• 23:32
  Speaker 11: managing what the Australian public are hearing. Well, we're going
• 23:35
  Speaker 11: to change it. We can't deliver on a cost of
• 23:37
  Speaker 11: living belief package, so we're going to now say that
• 23:40
  Speaker 11: we're trying to help you out with these small pieces
• 23:43
  Speaker 11: of what we're going to give you. And there was
• 23:44
  Speaker 11: interesting stats around out to data saying two and five
• 23:47
  Speaker 11: homes homeowners that have a mortgage have had to have
• 23:51
  Speaker 11: extra work, look for extra overtime, or find another job
• 23:54
  Speaker 11: just to try to make ends meet. So they're cutting out.
• 23:56
  Speaker 11: I think one in three have cut out going to
• 23:58
  Speaker 11: the hairdresser, one in three have cut out gym memberships
• 24:00
  Speaker 11: and all those extra expenses. At the end of the day,
• 24:03
  Speaker 11: what that does is impact small business. We're already doing
• 24:06
  Speaker 11: it tough. So you've got all of those people in
• 24:08
  Speaker 11: this country who are doing it extremely tough, will be
• 24:11
  Speaker 11: watching this budget tonight, and I don't think there would
• 24:13
  Speaker 11: be a munch in.
• 24:14
  Speaker 8: It for them.
• 24:14
  Speaker 2: Yeah, I'll be very keen to see what's there for
• 24:17
  Speaker 2: small business, and we'll follow up on that tomorrow.
• 24:18
  Speaker 1: I imagine four fifths of buggarall.
• 24:21
  Speaker 2: Now, of course, Jim Charmers wrote his thesis, his political
• 24:24
  Speaker 2: thesis his doctorate, is on Paul Keating. I've had a
• 24:27
  Speaker 2: look at it. It's just a hero worshiping essay on
• 24:29
  Speaker 2: Paul Kenning. There's nothing to be learned from it except
• 24:33
  Speaker 2: that Jim Charmers.
• 24:34
  Speaker 1: Loves Paul Kenning. Now, now, Paul Kenny had sharp.
• 24:37
  Speaker 2: Lines, and he understood economics and delivered economic reforms, whatever
• 24:41
  Speaker 2: else you might think of him. Jim Charmers, though, he's
• 24:44
  Speaker 2: got the sharp lines, he's got the slogans, there's just
• 24:47
  Speaker 2: not much.
• 24:48
  Speaker 1: But underneath them, I think, have a look at him today.
• 24:51
  Speaker 5: I say to people who are doing it tough, and
• 24:53
  Speaker 5: to the most vulnerable people in our community, that help
• 24:56
  Speaker 5: is on the way in the budget. The tax cuts
• 24:58
  Speaker 5: are the biggest part of the cost of living relief
• 25:01
  Speaker 5: in the budget, but not the only part of the
• 25:03
  Speaker 5: cost of living relief in the budget. You know, our
• 25:05
  Speaker 5: big priority here is to put the people front and center.
• 25:09
  Speaker 2: Honestly, the slogan Steve and he sounds like Glenn Sharick.
• 25:12
  Speaker 1: Hang on, help is on the way. Mate.
• 25:13
  Speaker 2: You're the bloke he's made the problem. You're making it worse.
• 25:19
  Speaker 6: Well, Chris, I know you're a big James Taylor fan.
• 25:21
  Speaker 6: I've nicknamed this the James Taylor budget because he said
• 25:24
  Speaker 6: last week it's going to be about relief and restraint.
• 25:27
  Speaker 1: Well that's a bit like fire and rain.
• 25:28
  Speaker 6: I mean, the reality is we've got a cost of
• 25:30
  Speaker 6: living problem, and as you say, he can't bring the
• 25:32
  Speaker 6: cost of living down, So what he's going to do
• 25:34
  Speaker 6: is keep raising the cost of living, but he'll give
• 25:36
  Speaker 6: us a bit of cash to try and cover up
• 25:37
  Speaker 6: the fact that he hasn't been able to lower the
• 25:39
  Speaker 6: cost of living, and then to talk about these tax
• 25:41
  Speaker 6: cuts as being part of his budget. They were legislated
• 25:44
  Speaker 6: by the previous government. I mean, he said, what's he
• 25:46
  Speaker 6: going to come up with himself?
• 25:48
  Speaker 2: Believable in my mind, I'm gone to Carolina. That's what
• 25:52
  Speaker 2: I want to know. I'm out of here. That's the James
• 25:54
  Speaker 2: Taylor song I'm thinking about now. Speaking of Carolina reminds
• 25:58
  Speaker 2: me a bit of Queensland. So I want to talk
• 26:01
  Speaker 2: about Queensland because your premier there today, that giggling clown,
• 26:04
  Speaker 2: Stephen Miles, has actually had something sensible to say. He's
• 26:07
  Speaker 2: had to go at the federal government because he's so frustrated.
• 26:10
  Speaker 1: By the population growth.
• 26:11
  Speaker 2: He says, if migration continues at current levels, we'll need
• 26:14
  Speaker 2: tens of thousands of more homes every year, more than
• 26:17
  Speaker 2: we can actually build, and he urges Camber to consider
• 26:20
  Speaker 2: moderating migration levels to assist with population. I mean, this
• 26:24
  Speaker 2: is just such a big issue for the whole country.
• 26:27
  Speaker 12: Out of it.
• 26:27
  Speaker 1: If you're bursting at the seams.
• 26:29
  Speaker 2: In Queensland, we have traditionally loved welcoming people. Imagine what
• 26:32
  Speaker 2: it's like on the fringes of Melbourne and Sydney.
• 26:36
  Speaker 11: I know, but just that statement alone, Chris, just think
• 26:39
  Speaker 11: about it for a second. How many years has the
• 26:41
  Speaker 11: labor government here had to watch what's happening with people
• 26:44
  Speaker 11: flooding into this state. You know what the numbers are.
• 26:47
  Speaker 11: That's your time to then start planning, not now when
• 26:50
  Speaker 11: we're one hundred and sixty five days I think out
• 26:52
  Speaker 11: from the election here in this state to start saying, well,
• 26:55
  Speaker 11: knock me over with a feather. It's going to mean
• 26:57
  Speaker 11: tens of thousands of more homes that we're going to
• 26:59
  Speaker 11: need hasn't been planned properly and blame it on the FEDS.
• 27:02
  Speaker 11: To me, when I look at this, it's just shifting
• 27:04
  Speaker 11: the argument now to say we are dealing with a
• 27:05
  Speaker 11: youth crime crisis, a healthcare crisis, and a housing crisis.
• 27:09
  Speaker 11: Let's start shifting that blame for the Feds.
• 27:11
  Speaker 1: Yeah, it's a good point.
• 27:12
  Speaker 2: There's so many of these issues that they finally talk
• 27:15
  Speaker 2: sense on that could have been dealing with many many
• 27:18
  Speaker 2: years earlier.
• 27:18
  Speaker 1: And there's another.
• 27:19
  Speaker 2: Issue now, there's another example of that, Stephen when it
• 27:22
  Speaker 2: comes to New South Wales where Chris Mins is promising
• 27:25
  Speaker 2: to do something on domestic violence bail laws, a presumption
• 27:29
  Speaker 2: against bail for serious domestic violence allegations, and the potential
• 27:33
  Speaker 2: of some of those being put on bail or released
• 27:35
  Speaker 2: on bail actually having ankle bracelets electronic bracelets to monitor them.
• 27:41
  Speaker 1: Now again, I would have thought we all welcome this
• 27:43
  Speaker 1: is a good move.
• 27:44
  Speaker 2: We'll see what the magistrates do with it once it's passes.
• 27:47
  Speaker 2: But Stephen, we've been screaming about this. People have been
• 27:50
  Speaker 2: screaming about this for years, for decades in fact, and
• 27:53
  Speaker 2: only now gets a bit of media attention they finally act.
• 28:00
  Speaker 6: Not only that, but I mean a couple of weeks ago,
• 28:01
  Speaker 6: the coalition we're talking about this. He could have acted
• 28:03
  Speaker 6: on it then rather than wait down the track. And
• 28:06
  Speaker 6: we still haven't seen the legislation yet. Anyway, it still
• 28:08
  Speaker 6: hasn't been passed. But you're right. I mean, it's almost
• 28:10
  Speaker 6: like once something gets a bit of a media attention,
• 28:13
  Speaker 6: we'll pretend it's a problem now, when we know it's
• 28:15
  Speaker 6: been a problem for years and years and years we've
• 28:17
  Speaker 6: sat on our hands and done nothing. And both sides
• 28:19
  Speaker 6: of politics need to take responsibility for this that we
• 28:22
  Speaker 6: haven't provided a framework where we know that our soft
• 28:25
  Speaker 6: judges and magistrates are going to let these people out.
• 28:28
  Speaker 6: We need to create a framework where they won't.
• 28:30
  Speaker 1: Yeah, there's no doubt about it.
• 28:31
  Speaker 2: And now when I turn my mind to Queensland on
• 28:34
  Speaker 2: these issues, Lisa, there's particular cases that just stand out
• 28:37
  Speaker 2: in my mind that they're hard not to think about,
• 28:41
  Speaker 2: and they go to this same problem of identifying obsessive
• 28:45
  Speaker 2: and prospectively violent men but not being able to keep
• 28:48
  Speaker 2: them in custody or not being able to keep them
• 28:50
  Speaker 2: away from the people they threaten. And so any move
• 28:54
  Speaker 2: in this direction's going to be a good thing and
• 28:56
  Speaker 2: hopefully other states will be looking to see whether they
• 28:59
  Speaker 2: can replicate it.
• 29:00
  Speaker 11: Yeah, yeah, absolutely. I know commanded Premier Means for taking
• 29:04
  Speaker 11: the lead on this, because, like you say, no other
• 29:06
  Speaker 11: state or territory has done this. And if we do
• 29:09
  Speaker 11: get to a position where you have got the police
• 29:11
  Speaker 11: being able to put these people behind bars and the magistrates,
• 29:14
  Speaker 11: as you say, actually operating within the laws that they
• 29:16
  Speaker 11: have to say, yep, you are going to have an
• 29:18
  Speaker 11: ankle bracelet put on you. We are going to track
• 29:20
  Speaker 11: where you are. Because I can tell you, Chris, I
• 29:22
  Speaker 11: know enough police officers who are frustrated that they pick
• 29:25
  Speaker 11: these people up and they just can't do anything with them.
• 29:27
  Speaker 11: It's like youth crime. They watch them go around and around,
• 29:30
  Speaker 11: and it's spat back out into society. And I've done
• 29:33
  Speaker 11: many many interviews with women in my time as a
• 29:35
  Speaker 11: journalist who have tried to flee these men. And there
• 29:39
  Speaker 11: was one in particular which I will never forget. She
• 29:41
  Speaker 11: had thirty or forty times with this person, had breached
• 29:44
  Speaker 11: that DVO and was still coming back at her, and
• 29:47
  Speaker 11: the system did nothing to protect her. So I think
• 29:51
  Speaker 11: the more of this sort of hard line that we take,
• 29:54
  Speaker 11: the better society will be and the safer women will be.
• 29:56
  Speaker 2: Absolutely spot on, We're going to see more of that
• 29:58
  Speaker 2: around the country now. I sort of thing shop on
• 30:00
  Speaker 2: something I find Riley amusing, and that is a little
• 30:03
  Speaker 2: bit of consternation among the royals because the King, King Charles,
• 30:08
  Speaker 2: has handed over a very prestigious.
• 30:10
  Speaker 1: Title to his son and heir in Prince William. He's
• 30:14
  Speaker 1: now been named the Colonel in chief.
• 30:16
  Speaker 2: Of the Helicopter Air Corps, and fair enough, the guy's
• 30:19
  Speaker 2: going to be king someday William and Stephen.
• 30:22
  Speaker 1: But but the.
• 30:24
  Speaker 2: Word on the street is that his little brother, the
• 30:26
  Speaker 2: Spaar is a bit miffed because he actually flew a
• 30:29
  Speaker 2: helicopter in battle in Afghanistan.
• 30:33
  Speaker 6: Well, yeah, a look he did, and I admiry service
• 30:36
  Speaker 6: and that's one of the good legacies of Prince Harry
• 30:38
  Speaker 6: will have. But when you decide you don't want to
• 30:40
  Speaker 6: be a working royal anymore and you want to dump
• 30:42
  Speaker 6: loads on top of your family, this kind of thing's
• 30:44
  Speaker 6: going to happen from time to time.
• 30:46
  Speaker 2: Yeah, and you know, it's just it's just the system
• 30:49
  Speaker 2: least he's got. He's got to get over it. The
• 30:51
  Speaker 2: big brother beats him to the gig. I'm afraid that's
• 30:54
  Speaker 2: just it. He's he's next in line.
• 30:55
  Speaker 1: You know.
• 30:56
  Speaker 2: It's like all my brothers and sisters arguing about whose favorite.
• 30:59
  Speaker 1: You know, it's pointless. We all know my big brother
• 31:02
  Speaker 1: is the favorite.
• 31:04
  Speaker 11: Well it falls back into his wing, isn't it that
• 31:07
  Speaker 11: he's nothing more than the spare. So again he's been
• 31:09
  Speaker 11: passed over. And look, and I agree with Stephen. He
• 31:12
  Speaker 11: decided to step away from royal duties. You can't then
• 31:15
  Speaker 11: expect to have these sorts of honors bestowed upon you.
• 31:17
  Speaker 1: It should be rightly.
• 31:18
  Speaker 11: So that the next aid of the throne so indeed
• 31:22
  Speaker 11: he should take umorrige of that. But I do find
• 31:24
  Speaker 11: it interesting that the media said it was the burn,
• 31:26
  Speaker 11: the burn of the decision being made, of the decision
• 31:29
  Speaker 11: the English press.
• 31:30
  Speaker 1: And I do agree.
• 31:31
  Speaker 2: I do agree with Stephen though I admire both those blogs.
• 31:33
  Speaker 2: While I like to mock the royals a bit, I
• 31:35
  Speaker 2: admire both those blogs for both the military service in.
• 31:38
  Speaker 1: Action and the training they did as well. Good on them.
• 31:41
  Speaker 1: Thanks for joining us.
• 31:42
  Speaker 2: We'll catch you next week, Lisa and steven Senta Tiempe.
• 31:45
  Speaker 2: We've got to get to a break because he's got
• 31:46
  Speaker 2: plenty more to talk about when it comes to the budget. Plus,
• 31:48
  Speaker 2: come on, Harris drops the f bomb, can you believe
• 31:57
  Speaker 2: just under two hours now to the federal budget. We'll
• 31:59
  Speaker 2: have more on that letter in the program, But I
• 32:01
  Speaker 2: want to cross to the US now. There's lots going
• 32:02
  Speaker 2: on in the political world, of course, including Donald Trump's trial,
• 32:06
  Speaker 2: but all the appalling this suggests that well back to
• 32:08
  Speaker 2: the same old number one concern for Americans. It's familiar
• 32:12
  Speaker 2: to us here and that is the cost of living.
• 32:14
  Speaker 2: As Kristen tight explains, that's exactly right.
• 32:18
  Speaker 13: And you know, we talk all the time about the
• 32:21
  Speaker 13: Trump trials. Of course, that's dominating the news here day
• 32:25
  Speaker 13: to day. But really, when you go out there and
• 32:27
  Speaker 13: you talk to voters, what people are making their decisions
• 32:31
  Speaker 13: on are not really the Trump trials or even these
• 32:34
  Speaker 13: other side cultural issues.
• 32:36
  Speaker 14: Really, the average American is just looking at their budget
• 32:40
  Speaker 14: and they notice that.
• 32:41
  Speaker 13: Everything is still more expensive. Inflation is sticking around in
• 32:46
  Speaker 13: certain areas and sectors of the economy. It's actually getting
• 32:49
  Speaker 13: actively worse, and it's really become difficult for average earning
• 32:54
  Speaker 13: American families to live a comfortable lifestyle like they could
• 32:59
  Speaker 13: just you know, a decade ago.
• 33:01
  Speaker 1: I noticed in the US as well.
• 33:03
  Speaker 2: One issue, of course, that I think often plays into
• 33:05
  Speaker 2: this when people are doing it tough is when immigration
• 33:09
  Speaker 2: is out of control and there's still all sorts of
• 33:11
  Speaker 2: strife on the US Mexican border. And I noticed that
• 33:14
  Speaker 2: Donald Trump has been focusing on that.
• 33:17
  Speaker 1: Have a look at this from the weekend.
• 33:18
  Speaker 4: One day one of my new administration, I will seal
• 33:21
  Speaker 4: the border, stop.
• 33:22
  Speaker 2: The invasion of people pouring through our border, and send.
• 33:26
  Speaker 1: Joe Biden's illegal aliens back home where they belong. They
• 33:30
  Speaker 1: got to be sent back home.
• 33:32
  Speaker 2: Such a potent issue, Christian, such a worrying turn of events,
• 33:36
  Speaker 2: but it does feed into this concern about the future
• 33:39
  Speaker 2: of the country and the cost of living, doesn't it.
• 33:42
  Speaker 14: Yes, And I'm glad to hear Donald Trump talking about this.
• 33:44
  Speaker 13: This is very reminiscent of the twenty sixteen Donald Trump.
• 33:48
  Speaker 13: It was immigration that got him into the White House
• 33:50
  Speaker 13: the first time. It's even a bigger issue now than
• 33:53
  Speaker 13: it was then. And it's interesting to hear him talk
• 33:55
  Speaker 13: about deportations.
• 33:57
  Speaker 14: It's something he didn't really do mass deportations during his
• 34:00
  Speaker 14: first term. He says he.
• 34:01
  Speaker 13: Will next time, and that's something that a lot of
• 34:04
  Speaker 13: Americans are hoping to actually see. Eight million or so
• 34:08
  Speaker 13: illegal immigrants have been apprehended under Joe Biden. That's nearly
• 34:12
  Speaker 13: the size of New York City, the biggest city in
• 34:15
  Speaker 13: the United States.
• 34:16
  Speaker 14: Here in Boston, where.
• 34:17
  Speaker 13: I live, we are way far away from the border,
• 34:20
  Speaker 13: of course, and this crisis has come knocking on our
• 34:24
  Speaker 13: door as well. Our state is paying one hundred and
• 34:28
  Speaker 13: eighty bucks per night per migrant for hotel rooms. They
• 34:32
  Speaker 13: get meals, all three meals a day at an exorbitant cost.
• 34:38
  Speaker 13: We're paying like seven million dollars right now just for
• 34:41
  Speaker 13: the meals for these people, But we have homeless veterans
• 34:44
  Speaker 13: on our streets in the United States.
• 34:46
  Speaker 2: An extraordinary situation where you've got illegal migrants effectively shunted
• 34:51
  Speaker 2: to northern cities now, as you say, many thousands of
• 34:54
  Speaker 2: killawats north of the border, and they've been put up
• 34:56
  Speaker 2: in hotels. Tell me, I can understand why that to
• 35:00
  Speaker 2: wrankle with so many voters. But is the mainstream media
• 35:04
  Speaker 2: in the US focusing on that concern and that resentment
• 35:08
  Speaker 2: or are they trying to ignore this issue.
• 35:11
  Speaker 14: Well, of course they're trying to ignore it. They're not
• 35:13
  Speaker 14: recording on that, but.
• 35:14
  Speaker 13: It's something that the media almost doesn't have to report
• 35:18
  Speaker 13: on for Americans to see with their own eyes what's
• 35:21
  Speaker 13: going on. I mean, you can go to nearly any
• 35:24
  Speaker 13: city in the United States and it's a border city now, and.
• 35:27
  Speaker 14: This is impacting us in so many ways. It's not
• 35:31
  Speaker 14: just the drugs. I mean, the drugs is a big
• 35:33
  Speaker 14: part of it.
• 35:33
  Speaker 13: It's the school the public schools are overflooded with non
• 35:36
  Speaker 13: English speaking students.
• 35:38
  Speaker 14: It's the city and state budgets which are now at
• 35:42
  Speaker 14: breaking points.
• 35:43
  Speaker 13: Like I said, even up here in Boston, these places
• 35:45
  Speaker 13: that have never had to deal with this before, just
• 35:48
  Speaker 13: the cultural change of having a huge number of people
• 35:52
  Speaker 13: in this country who don't even speak the language of
• 35:55
  Speaker 13: the country and are not assimilating.
• 35:57
  Speaker 14: This is a crisis. And then of course there's the
• 35:59
  Speaker 14: work right they're pushing Americans out of.
• 36:02
  Speaker 13: The workforce by taking jobs that would otherwise be done
• 36:06
  Speaker 13: by US citizens. So yeah, the media, of course they're
• 36:11
  Speaker 13: not really reporting on this, but people see it with
• 36:14
  Speaker 13: their own eyes, they feel it.
• 36:15
  Speaker 14: And let me tell you, Chris on the coasts, I
• 36:18
  Speaker 14: grew up on the East Coast.
• 36:19
  Speaker 13: Nobody ever talked about illegal immigration here up until the
• 36:23
  Speaker 13: last few years. I mean, this was a theoretical issue
• 36:25
  Speaker 13: that took place far far away. Nobody really thought, you know,
• 36:29
  Speaker 13: this would ever really impact us up here. People are
• 36:33
  Speaker 13: talking about it now, including Democrats, and it's become a
• 36:37
  Speaker 13: real issue.
• 36:37
  Speaker 14: And the more the media ignores it, the more.
• 36:39
  Speaker 13: Clear it is that this administration either doesn't have a
• 36:43
  Speaker 13: plan or they do have a plan, and it's a
• 36:45
  Speaker 13: very sinister one, which includes importing millions of people into
• 36:49
  Speaker 13: this country without the consent of our own citizens.
• 36:52
  Speaker 2: Well, of course, the public official who was initially chaged
• 36:55
  Speaker 2: with trying to find a solution, he was the Vice
• 36:57
  Speaker 2: President Kamala Harris.
• 36:58
  Speaker 1: She's done nothing this space, and I want to show.
• 37:01
  Speaker 2: A clip of her in the last couple of days.
• 37:04
  Speaker 2: This is extraordinary. There's no substance in it. It's just her,
• 37:08
  Speaker 2: just willie nilly. I suppose dropping the F bomb.
• 37:11
  Speaker 9: We have to know that sometimes people will open the
• 37:15
  Speaker 9: door for you and leave it open. Sometimes they won't,
• 37:19
  Speaker 9: and then you need to kick that door down.
• 37:26
  Speaker 1: Excuse my language.
• 37:32
  Speaker 2: Yeah, and then the characteristic nonsensical laugh about the Vice
• 37:35
  Speaker 2: president using that sort of language much of a backlash.
• 37:38
  Speaker 1: Kristen.
• 37:40
  Speaker 13: Yeah, well, remember their big slogan a few years ago
• 37:44
  Speaker 13: was they.
• 37:44
  Speaker 14: Were going to bring decency back to the White House.
• 37:47
  Speaker 13: We all know that was a big sham now, but yeah,
• 37:50
  Speaker 13: that cackle, it is so cringe.
• 37:52
  Speaker 14: I mean, she is just the worst DEI hire ever.
• 37:56
  Speaker 13: She's been a disaster on every project this administration has
• 38:00
  Speaker 13: put her on, including the border, which is of course
• 38:03
  Speaker 13: still wide open. So yeah, I mean, she's she's become
• 38:07
  Speaker 13: a real problem. I think to the Biden administration and
• 38:11
  Speaker 13: the re election efforts, they would love to replace her
• 38:13
  Speaker 13: because she's such a dud, but they just can't. They've
• 38:16
  Speaker 13: gotten themselves in this position where you know they announced ahead.
• 38:19
  Speaker 14: Of time and the last election that they were going
• 38:21
  Speaker 14: to get a woman of color. They ended up with
• 38:23
  Speaker 14: her and now they can't get rid of her.
• 38:24
  Speaker 13: She is just such a drag on the ticket and
• 38:26
  Speaker 13: a terrible vice president.
• 38:29
  Speaker 1: Great to catch up with you again christin talk next week.
• 38:32
  Speaker 14: Thank you, Thank you as always. Chris.
• 38:35
  Speaker 2: Okay, let's get back to some expert analysis on the
• 38:38
  Speaker 2: looming budget, and I want to cross to predept Philip,
• 38:40
  Speaker 2: who's the lead partner at Deloitte Access Economics. So good
• 38:43
  Speaker 2: to speak to you pretty. I want to get your thoughts. Firstly,
• 38:46
  Speaker 2: on the bottom line of the budget. We're told there's
• 38:48
  Speaker 2: going to be a nine billion dollar surplus. That's good
• 38:51
  Speaker 2: news and there's good fortune in that involved in that
• 38:55
  Speaker 2: it's essentially additional tax receipts rather than the government getting
• 38:59
  Speaker 2: spending on the canal. But what I'm worried about is
• 39:02
  Speaker 2: the deficits we're going to see in future years. Can
• 39:05
  Speaker 2: you give us any sense of how deep you think
• 39:06
  Speaker 2: the deficits might go and for how long.
• 39:12
  Speaker 12: Look, Chris, it's very clear the government's going to announce
• 39:15
  Speaker 12: a second surplus on the trot and it's coming about
• 39:18
  Speaker 12: because the rest of the world is giving Australia a
• 39:21
  Speaker 12: bit of a paycheck and they're banking that paycheck, which
• 39:24
  Speaker 12: is why we're going to get a surplus for a
• 39:26
  Speaker 12: second year running. But what the two surpluses are done
• 39:30
  Speaker 12: has masked an underlying problem, which is we are spending
• 39:34
  Speaker 12: more than we are raising in.
• 39:36
  Speaker 1: Terms of revenue. Now you've got to get a bit of.
• 39:38
  Speaker 12: Fiscal discipline back into the budget because what you see
• 39:42
  Speaker 12: is after these two surpluses, there are deficits as far
• 39:45
  Speaker 12: as the eye can see. And so what we need
• 39:48
  Speaker 12: to do is start to see a structural shift in
• 39:50
  Speaker 12: the budget, get some reform both on spending and on
• 39:54
  Speaker 12: tax so that we can get the budget into a
• 39:56
  Speaker 12: better footing to deal with the really important challenges that
• 39:59
  Speaker 12: we already face, as you know, around security, around some
• 40:03
  Speaker 12: good social services. There are some important things that need
• 40:06
  Speaker 12: government spending, but you can only afford them if you
• 40:10
  Speaker 12: get the budget right.
• 40:11
  Speaker 2: Well, this is the worry, isn't it. The ndis spending
• 40:14
  Speaker 2: is out of control. There'll be some effort in the
• 40:16
  Speaker 2: budget you would think to try and suggest they're going
• 40:18
  Speaker 2: to get that under control, But we need to spend
• 40:20
  Speaker 2: more on the fence, and they won't be doing that
• 40:22
  Speaker 2: in a hurry. Most of the increased defense spending is
• 40:25
  Speaker 2: some time after. Where are the big opportunities to try
• 40:28
  Speaker 2: and curtail spending or is it just a matter of
• 40:31
  Speaker 2: really stopping the increasing trying to keep it at the
• 40:34
  Speaker 2: existing levels.
• 40:38
  Speaker 12: You know, Chris, there used to be some really simple
• 40:41
  Speaker 12: rules sitting around the cabinet table around budget. If you're
• 40:44
  Speaker 12: a spending minister and you want to spend a dollar here,
• 40:47
  Speaker 12: you had to come to the table having found a
• 40:50
  Speaker 12: dollar of saving somewhere else.
• 40:51
  Speaker 1: Now where can you look for this? Well, if you
• 40:54
  Speaker 1: look at the Order to General.
• 40:55
  Speaker 12: Report after report talks about wasteful spending programs that are ineffective. Now,
• 41:01
  Speaker 12: the government's created and evaluate a general sitting and treasury,
• 41:05
  Speaker 12: but we've got to embed that into everything that the
• 41:08
  Speaker 12: government does around budget, to look at where programs are
• 41:11
  Speaker 12: ineffective or wasteful and get rid of that, because that
• 41:14
  Speaker 12: creates room to spend on really important things. Like you said,
• 41:18
  Speaker 12: our security requirements are actually quite large and we can't
• 41:23
  Speaker 12: kind of delay the spending on that. We've got to
• 41:25
  Speaker 12: do them now, otherwise we actually won't secure our nation
• 41:29
  Speaker 12: for the future.
• 41:30
  Speaker 1: Look the waste in government.
• 41:31
  Speaker 2: The waste in the bureaucracy, it's just endless and if
• 41:34
  Speaker 2: you've just got some efficiencies there, it's amazing how much
• 41:36
  Speaker 2: you would be able to say.
• 41:38
  Speaker 1: There's no doubt about that. So I want to ask
• 41:41
  Speaker 1: you about this big boondog. Certain there'll be a.
• 41:43
  Speaker 2: Lot more on this in the budget, although there's been
• 41:46
  Speaker 2: a lot of announcements in the lead up.
• 41:48
  Speaker 1: And this is this Future Made in Australia.
• 41:50
  Speaker 2: Program, and it's all about picking winners and picking the
• 41:53
  Speaker 2: best projects and things that governments want to subsidize. Now,
• 41:57
  Speaker 2: if this is productive infrastructure, then that can be. But
• 42:00
  Speaker 2: if it's not, A are we going to waste a
• 42:02
  Speaker 2: lot of money? And b is it going to fuel inflation?
• 42:08
  Speaker 12: Chris, you know, the idea behind Future main in Australia
• 42:11
  Speaker 12: is important strategic industry policy, which is about securing Australia's
• 42:15
  Speaker 12: supply chains in a world that's changing rapidly. And we
• 42:19
  Speaker 12: see that on the security front. It's actually also true
• 42:22
  Speaker 12: on the economic front. But the reality is we've got
• 42:25
  Speaker 12: to make sure governments think about the design and implementation
• 42:29
  Speaker 12: of this policy well, otherwise it is just going to
• 42:31
  Speaker 12: be a waste of money. Should we be thinking about
• 42:34
  Speaker 12: the future of Australia's exports in terms of energy. Absolutely,
• 42:39
  Speaker 12: Should we be thinking about the adoption of AI and
• 42:42
  Speaker 12: quantum computing into Australia. Absolutely, But is government best plays
• 42:47
  Speaker 12: to pick winners, No, they're not. So they've got to
• 42:49
  Speaker 12: think really carefully about the design of this to make sure.
• 42:53
  Speaker 12: Actually what we're doing is unleashing private sector entrepreneurial exactly.
• 42:58
  Speaker 1: Exactly, get some dynamos and back the economy. Yeah, don't
• 43:01
  Speaker 1: be a good future made illustraight to policies.
• 43:04
  Speaker 2: Exactly, don't pick winners, just get government out of the way.
• 43:07
  Speaker 1: It's a better way to go about it.
• 43:08
  Speaker 2: Thanks for joining us, prett Deep happy harding through the
• 43:11
  Speaker 2: budget papers this evening. That's prettep Philip the who's the
• 43:14
  Speaker 2: lead partner with Deloitte Access Economics. We've got to go
• 43:17
  Speaker 2: to a break on the other side. We're going to
• 43:18
  Speaker 2: catch up with Tim Blair. He's in the lock up now,
• 43:20
  Speaker 2: but I caught up with him beforehand. We'll find out
• 43:23
  Speaker 2: what goes on inside these strange little budget lockups. Well,
• 43:31
  Speaker 2: it's just over an hour and a half now till
• 43:32
  Speaker 2: Jim Charmers delivers his third budget. Now, dozens of journalists
• 43:36
  Speaker 2: are stuck in the budget lock up as we speak,
• 43:38
  Speaker 2: with no access to the outside world, pouring over those
• 43:41
  Speaker 2: budget documents.
• 43:42
  Speaker 1: I'm lucky, I'm out here, I'm free.
• 43:45
  Speaker 2: Tim Blair is one of them who's in there, but
• 43:46
  Speaker 2: I caught up with him before he went in to
• 43:49
  Speaker 2: see what he'll be keeping an eye out for.
• 43:51
  Speaker 15: Well, for that, you look for confirmation of what we
• 43:54
  Speaker 15: already have been fed. You know that it actually does
• 43:56
  Speaker 15: match match the pre publicity. If you like, you look
• 44:00
  Speaker 15: for mistakes. Oftentimes there are a few smarter people than
• 44:03
  Speaker 15: I who are gifted with numbers often pull up a
• 44:06
  Speaker 15: few errors in various estimates and costings and so on.
• 44:10
  Speaker 15: As well, we have specialists who are able to double check,
• 44:14
  Speaker 15: for example, whether something's been announced which has previously been announced,
• 44:17
  Speaker 15: was previously involved in earlier budgets. So there's all those
• 44:20
  Speaker 15: sort of things, plus the overall theme of it. If
• 44:23
  Speaker 15: it's a big spendee budget, which it will be because
• 44:25
  Speaker 15: it's labor, and various notions like that, it's a it's
• 44:31
  Speaker 15: a range of options. It's a bit of a pizza shop.
• 44:33
  Speaker 1: Yeah, there is.
• 44:34
  Speaker 2: A famous political adage. Of course, nothing's ever announced until
• 44:38
  Speaker 2: it's been announced. At least thirteen times, so we good
• 44:41
  Speaker 2: to check in for some of that double counting. There
• 44:44
  Speaker 2: is so much theater increasingly, I think so much public
• 44:48
  Speaker 2: relations and theater when it comes to budgets, and one
• 44:51
  Speaker 2: of them, of course, is when the Treasurer supposedly hands
• 44:54
  Speaker 2: over the budget to the Prime Minister, the standard sort
• 44:57
  Speaker 2: of budget eve picture opportunity.
• 45:00
  Speaker 1: I had a look at this last night on Paul
• 45:01
  Speaker 1: Murray Live.
• 45:02
  Speaker 2: It's worth showing again the awkward lame comments as that
• 45:06
  Speaker 2: happened yesterday.
• 45:07
  Speaker 1: I have a look.
• 45:07
  Speaker 4: That's a great budget provide cost of living support whilst
• 45:12
  Speaker 4: also having that eye on the economy of the.
• 45:15
  Speaker 11: Future, and a great budget for women.
• 45:20
  Speaker 8: All those decisions we'll talk on women's safety, thousing, the
• 45:24
  Speaker 8: care economy, all.
• 45:26
  Speaker 11: These really important ones around driving economic equality for women.
• 45:31
  Speaker 16: I hope we should be really proud of it now.
• 45:33
  Speaker 16: It's ambitious, but it's responsible at the same time. Now
• 45:37
  Speaker 16: it's got a lot of help for a lot of people,
• 45:39
  Speaker 16: but also some investment in the future, and so I
• 45:42
  Speaker 16: think the whole team can be really proud.
• 45:45
  Speaker 4: Decisions we make today can set us up the next
• 45:49
  Speaker 4: decade and beyond.
• 45:51
  Speaker 1: It's just terrific stuff. Isn't a Tim.
• 45:54
  Speaker 2: I mean the Treasurer says the budget that he's delivering
• 45:57
  Speaker 2: is something we will should be very proud of, and
• 46:00
  Speaker 2: the self praise is no praise at all.
• 46:03
  Speaker 15: Absolutely, Well, there's two kinds of levels of awkward happening there,
• 46:06
  Speaker 15: Isn't it like if you've ever arrived half an hour
• 46:08
  Speaker 15: early for a real estate viewing and there's a few
• 46:11
  Speaker 15: other people there and you stand around trying to make
• 46:14
  Speaker 15: the world's most awkward small talk. And secondly, it's always
• 46:17
  Speaker 15: fun watching labour people talk how de voter they are
• 46:19
  Speaker 15: to you know, being very serious about keeping the numbers
• 46:23
  Speaker 15: down and being responsible economic managers. Just as awkward are
• 46:27
  Speaker 15: coalition members when they try to indicate how de voter
• 46:30
  Speaker 15: they are to keeping ABC spending up and doing all
• 46:32
  Speaker 15: the lobby stuff equally equally twisted and concerning for all involved.
• 46:39
  Speaker 2: Now, when this interview goes to air, Tim, you'll be
• 46:42
  Speaker 2: still in the lock up, working.
• 46:44
  Speaker 1: Feverishly with other journalists.
• 46:47
  Speaker 2: Tell us about the vibe in the lock up, because
• 46:50
  Speaker 2: there's a lot of journalists. There's politicians of course, and
• 46:53
  Speaker 2: political advisors. There's even industry lobby groups and special interest groups.
• 46:59
  Speaker 2: And the I called milling around with free food and
• 47:02
  Speaker 2: lollies and the like, but all trying to focus on
• 47:05
  Speaker 2: the cost of living.
• 47:07
  Speaker 15: Yeah, it's a bit different these days because we're all
• 47:09
  Speaker 15: sort of segmented. A lot of us. For example, I'm
• 47:11
  Speaker 15: at the lock Up News Corporation here called US in Sydney.
• 47:15
  Speaker 15: Whereas we all used to be pre COVID and so on.
• 47:18
  Speaker 15: We all used to be in the same sort of
• 47:20
  Speaker 15: pool in camera with people from other newspapers, which looking back,
• 47:24
  Speaker 15: was kind of the fun of it, because you know,
• 47:26
  Speaker 15: you'd finally get to meet some of the people you'd
• 47:29
  Speaker 15: been trashing all year.
• 47:31
  Speaker 1: Like you'd be.
• 47:31
  Speaker 15: Walking around like you're talking about, you know, getting some
• 47:34
  Speaker 15: sandwiches or some food from this used to be a big,
• 47:35
  Speaker 15: long haul away in Parliament House and you'd feel these
• 47:38
  Speaker 15: beams of hate drilling to the back of your head
• 47:40
  Speaker 15: and you turn in and say, oh, hello, Fairfax, friend
• 47:44
  Speaker 15: found that machete.
• 47:45
  Speaker 1: You know.
• 47:46
  Speaker 15: It was always a bit tense for a few people,
• 47:47
  Speaker 15: but that I think made it. And there's less I
• 47:51
  Speaker 15: guess outside of Camba, there's less involvement with politicians dropping by.
• 47:56
  Speaker 15: There's a lot of open lines and there's a lot
• 47:58
  Speaker 15: of direct Internet can these days with Parliament House that
• 48:01
  Speaker 15: a layer to get feedback and so on, and some
• 48:05
  Speaker 15: sort of expertise if things need explaining or in more detail.
• 48:08
  Speaker 15: So there's still some connection, but it's not the old
• 48:10
  Speaker 15: fashioned human hatred kind.
• 48:12
  Speaker 2: Yeah. I used to enjoy the News Corp meat pies
• 48:15
  Speaker 2: and nods and sides. I used to think the Fairfax
• 48:17
  Speaker 2: spread looked a bit veganish to me.
• 48:19
  Speaker 1: Now. The good news though, is.
• 48:21
  Speaker 2: At seven hours, it's the only seven hour block of
• 48:24
  Speaker 2: the year where most of the political journalists are off
• 48:27
  Speaker 2: the streets and off the airwave size. I suppose the
• 48:29
  Speaker 2: country can get on with normal life for a while.
• 48:32
  Speaker 15: Yeah, just watch that crime rate plummet. Seven hours of
• 48:36
  Speaker 15: glory for the rest of humankind in Australia.
• 48:38
  Speaker 1: Well, thanks for joining us, Tim and the happy hunting
• 48:41
  Speaker 1: in there.
• 48:42
  Speaker 15: Cheers mate, thank you.
• 48:44
  Speaker 1: Yeah, Tim Blair and they're doing the hard yards for
• 48:46
  Speaker 1: all of us.
• 48:46
  Speaker 2: I just want to finish with some of your feedback
• 48:48
  Speaker 2: from what I had to say last night about Australia's
• 48:50
  Speaker 2: un vote when it comes to Palestine, and Michael says
• 48:53
  Speaker 2: Albanesi and Wong should resign.
• 48:54
  Speaker 1: This is a disgrace.
• 48:56
  Speaker 2: I'm ashamed of what this government stands for Peter says
• 48:59
  Speaker 2: this this government doesn't represent me.
• 49:01
  Speaker 1: I stand with Israel. Another viewer says this so.
• 49:04
  Speaker 2: Called government doesn't speak for me, and another viewer says,
• 49:08
  Speaker 2: well said, Chris, I'm struggling to express my disgust in
• 49:11
  Speaker 2: this appalling government. Well, as you saw last night, I
• 49:14
  Speaker 2: share those sentiments exactly. Well, stay tuned for all our
• 49:17
  Speaker 2: budget coverage tonight, though I'll be back at nine point
• 49:20
  Speaker 2: thirty with Paul Murray.
• 49:21
  Speaker 1: But for the next hour and a half, here's Peter Quedlin.