Transcript

Credlin | 16 May · Credlin

0:02
Speaker 1: Peedo Krandlin live on Sky News Australia.
0:08
Speaker 2: Good evening, welcome to show. Great to have your company.
0:10
Speaker 2: As always, here's what's coming up on Kredline. But she
0:14
Speaker 2: had guntlesses today of Labour Senator Fatima payment to repeat
0:17
Speaker 2: that horrific.
0:18
Speaker 3: Chance from the River to the Sea.
0:20
Speaker 2: But they're not to front the Senate for the vote
0:23
Speaker 2: and not to back down either. She's calling for that
0:26
Speaker 2: chance and with it the destruction of Israel. Now, the
0:29
Speaker 2: question is what action now does the Prime Minister take
0:33
Speaker 2: if he means what he says when he says the
0:36
Speaker 2: chant is unacceptable. Melbourne University forced to cancel classes today
0:41
Speaker 2: as pro Palestinian protesters refuse to leave, as the A
0:46
Speaker 2: and U and camera finally joins Deacon Uni in moving
0:49
Speaker 2: to dismantle these encampments. Plus still plenty of budget detail
0:55
Speaker 2: to get across, particularly the increase in structural spending that
0:59
Speaker 2: experts warn will lead to deficits as far as the
1:01
Speaker 2: eye can see and real inflation woes. Former Deputy PM
1:06
Speaker 2: John Anderson Later in the show, he'll talk about what
1:09
Speaker 2: it actually took for the Howard government to reduce our
1:13
Speaker 2: debt to pay it off.
1:15
Speaker 3: In fact, and we waive.
1:16
Speaker 2: The opposition leader's speech tonight, but we hear already he's
1:20
Speaker 2: going to tackle Labour's record high immigration head on. I mean,
1:24
Speaker 2: and this has shaved me up to be an election
1:26
Speaker 2: battle on energy and now big Australia. Finally Australia. We're
1:31
Speaker 2: starting to see a political fight about something that you
1:35
Speaker 2: really care about.
1:38
Speaker 4: Twelve months ago I asked the Prime Minister was he
1:40
Speaker 4: adding one point five million people from overseas during a
1:44
Speaker 4: rental and housing crisis at a cost of living challenge?
1:48
Speaker 4: The Prime Minister denied that was the case. Tuesday's budget
1:51
Speaker 4: revealed these problems have only worsened. Will a prime minister
1:54
Speaker 4: admit that his week leadership and bad decisions over three
1:57
Speaker 4: budgets have made it harder for Australians to buy or
2:01
Speaker 4: to rent a home.
2:04
Speaker 2: We'll get into all the big issues at a moment.
2:06
Speaker 2: We'll get back into the budget. We'll get into speculation
2:08
Speaker 2: too about Peter Dutton's speech tonight. But sometimes little things
2:13
Speaker 2: cut through and they become very big things.
2:16
Speaker 3: So I want to start the show.
2:18
Speaker 2: By saying something about the Prime Minister's move today that
2:21
Speaker 2: we learned about in the media to evict the tenant
2:24
Speaker 2: in one of his two Sydney investment properties. A Prime
2:28
Speaker 2: minist actually has four homes to live in. This bloke
2:32
Speaker 2: is trying to evict. Well, he's just got one. Here
2:36
Speaker 2: is what both parties had to say today.
2:39
Speaker 5: We're just looking for a little bit more of a
2:41
Speaker 5: considered approach rather than just being issued a piece of
2:45
Speaker 5: paper from the real estate agent.
2:47
Speaker 6: I've had changes in my life and because of that
2:51
Speaker 6: made the decision to sell the property. I'm very sympathetic.
2:56
Speaker 6: I wish him well, but I am allowed to make changes.
3:04
Speaker 2: The Prime Minister, of course, has two homes in Sydney,
3:07
Speaker 2: one of which that tenant lives in. He also has
3:10
Speaker 2: two taxpayer funded mansions, the Lodge in canber and Kurribilli
3:14
Speaker 2: House in Sydney. And look, for the life of me,
3:16
Speaker 2: I can't understand how, in the middle of a housing crisis,
3:20
Speaker 2: fueled by his own decision to bring in record numbers
3:24
Speaker 2: of migrants, how it could make the politically stupid move
3:29
Speaker 2: of looking to evict an individual.
3:32
Speaker 3: But here we are yet again.
3:34
Speaker 2: I've got a wonder about how smart the Prime Minister's
3:37
Speaker 2: political office is to let this eviction notice even happen.
3:42
Speaker 2: In the first place. Surely someone in there would have
3:45
Speaker 2: been smart enough to say this is a dumb move.
3:48
Speaker 2: A dumb move anyway, but in the middle of a
3:50
Speaker 2: housing crisis of labour zone making, it is political suicide.
3:56
Speaker 3: But clearly no one did.
3:58
Speaker 2: Indeed, when the Prime says he's worried about your power bill,
4:03
Speaker 2: let's not forget the Prime Minister doesn't pay a power bill.
4:07
Speaker 7: You do.
4:08
Speaker 2: You pay the power in the lodge and Kurabillity house.
4:11
Speaker 2: When he says he understands what you pay at the supermarket,
4:15
Speaker 2: that there's pressure at the till, well he doesn't. He's
4:19
Speaker 2: got two housekeepers, one for Kurabilly House, one for the lodge,
4:24
Speaker 2: and they buy everything for the house and it goes
4:27
Speaker 2: on your credit card. You know, the beer in the fridge,
4:30
Speaker 2: you pay for that. Even the Prime Minister's deodorant, his toothpaste,
4:34
Speaker 2: even the toilet paper in these two mansions.
4:37
Speaker 3: You pay for all of that.
4:39
Speaker 2: I mean, the Prime Minister doesn't put fuel in his car,
4:41
Speaker 2: He doesn't even pay his.
4:42
Speaker 3: Own car payments. You pay them.
4:46
Speaker 2: The computer on his desk, his phone is mobile bill,
4:50
Speaker 2: even the pen on his desk, you pay for all
4:55
Speaker 2: of that. I know because I worked for a prime minister.
4:59
Speaker 2: A politic don't like you to know the extent of
5:03
Speaker 2: what you pay as taxpayers for senior politicians in this case,
5:06
Speaker 2: particularly for the Prime minister.
5:08
Speaker 3: But there it is.
5:10
Speaker 2: On top of all of that, of course you pay
5:11
Speaker 2: him a salary of five hundred and eighty five thousand dollars.
5:16
Speaker 2: That means there's a lot of money in his pocket,
5:19
Speaker 2: given he doesn't really pay for anything else. Now, when
5:23
Speaker 2: Tony Abbott was Prime Minister, he also had a house
5:27
Speaker 2: in Sydney when he moved into Kiribilly House, but he
5:31
Speaker 2: took the decision not to rent out his private home
5:36
Speaker 2: unlike Anthony Albanezi, because Tony Abbott said, I think it's
5:41
Speaker 2: right that I make money out of a commercial tendency
5:44
Speaker 2: arrangement while the taxpayers are putting a roof over my head.
5:50
Speaker 2: As I said, it's not always the big things in
5:52
Speaker 2: politics that cut through.
5:55
Speaker 3: Often it's the little things. And I can tell you
5:58
Speaker 3: what this we'll cut through.
6:07
Speaker 2: Lots around, particularly that big vote today in the Senate
6:11
Speaker 2: in relation to that Labour senator fat about payment. We'll
6:14
Speaker 2: go there now for the headline. Scottish political reporter cam.
6:16
Speaker 8: Reddin Good Evening both major parties have condemned the use
6:21
Speaker 8: of a pro Palestine chant after it was used by
6:24
Speaker 8: a member of the government from the river.
6:26
Speaker 9: To the sea Palestine will be free.
6:29
Speaker 8: First term Labour senator Fatima Payman broke ranks with the
6:32
Speaker 8: government's position, earning reproach from senior colleagues.
6:36
Speaker 10: Is it appropriate, No, it's not.
6:38
Speaker 5: The phrase from the rivers to the sea is not
6:40
Speaker 5: consistent with a two state solution.
6:42
Speaker 8: Her fellow Labour senators teaming up with the Coalition to
6:45
Speaker 8: pass a motion opposing use of the phrase.
6:48
Speaker 11: Such chance and phrases have no place in the type
6:53
Speaker 11: of political debate we should wish to see in our country.
6:56
Speaker 8: Peter Dutton will propose a drastic cut to migration when
7:00
Speaker 8: he delivers tonight's budget in reply.
7:03
Speaker 4: These problems have only worsened when building activity is at
7:06
Speaker 4: an eleven year low.
7:07
Speaker 8: Tuesday's budget proposed a harving of net migration from five
7:11
Speaker 8: hundred and twenty eight thousand last financial year to two
7:15
Speaker 8: hundred and sixty thousand in the next. It's expected the
7:18
Speaker 8: Coalition will unveil plans to bring it down even further
7:23
Speaker 8: as part of mister Dutton's speech tonight. Sky News has
7:26
Speaker 8: revealed another major data breach, this time at a private
7:30
Speaker 8: health information firm. Medi Secure provides electronic scripts for prescription medications.
7:36
Speaker 8: The company has confirmed a cyber incident has impacted personal
7:40
Speaker 8: health information. Australia's National cybersecurity coordinator tells Sky News the
7:45
Speaker 8: firm is a victim of a large scale ransomware data breach,
7:49
Speaker 8: which is now being investigated by the Federal Police. Unemployment
7:53
Speaker 8: has risen above four percent, with another thirty thousand Australians
7:58
Speaker 8: losing their jobs. It's driven partly by a larger than
8:02
Speaker 8: usual number of people waiting to start a new job.
8:06
Speaker 12: Eight hundred and twenty thousand jobs and most of them
8:09
Speaker 12: full time have been created.
8:11
Speaker 7: On this Prime Minister and this Government's watch.
8:15
Speaker 2: All right for their take on today's big stories, all
8:17
Speaker 2: the headlines that's bringing Skyey his host, National affairs editor
8:20
Speaker 2: at the Daily Telegraph, James Morrow and Sydney and meting
8:24
Speaker 2: writer for The Australian, Sophie Ellsworth. Well, welcome to you both.
8:27
Speaker 2: We've got about an hour to go before Peter Dutton
8:30
Speaker 2: will get to his feet. He'll deliver the budget address.
8:33
Speaker 2: In reply, he was here on the program last night. James,
8:36
Speaker 2: he said, Housing, Energy, and national security, where his policy priorities.
8:41
Speaker 2: We learned today that he'll make migration a feature of
8:44
Speaker 2: tonight's big speech. Now to set the scene, remember on
8:47
Speaker 2: Tuesday night, Labor proposed they will cut migration. But this
8:52
Speaker 2: week they've also been forced to revise up their net
8:55
Speaker 2: migration numbers, so they're not off to a good start.
8:58
Speaker 2: It'll go from three hundred and seventy five thousand a
9:00
Speaker 2: year to three hundred and ninety five thousand. And to
9:05
Speaker 2: put that into perspective for people at home, that's still
9:08
Speaker 2: at three ninety five is double the long run immigration
9:12
Speaker 2: average under John Howard's government. So any idea they're going
9:16
Speaker 2: to actually tackle this high migration, well, I reckon that's
9:19
Speaker 2: a com the word tonight, is it? Darton could well
9:22
Speaker 2: pledge to slash migration down as low as AE hundred
9:26
Speaker 2: and sixty thousand, putting aside COVID. We haven't seen one
9:30
Speaker 2: hundred and sixty thousand people since two thousand and five.
9:35
Speaker 2: I'll tell you, James, it would be one hell of
9:37
Speaker 2: an election battles where this takes us.
9:41
Speaker 10: Well, yeah, that's exactly right, Peter, And you know, I'll
9:44
Speaker 10: tell you this is issue I think is so important.
9:48
Speaker 10: I think it's really important for the Coalition to face
9:51
Speaker 10: this head on simply for the reason that this is
9:54
Speaker 10: the issue, sorry that crystallizes that kind of vibe between
10:00
Speaker 10: the elite political class and everybody else. You know, Immigration
10:04
Speaker 10: has in politics for the longest time been this kind
10:07
Speaker 10: of third rail that you're not allowed to touch. You know,
10:10
Speaker 10: if you say anything about if you're criticize it, you're
10:12
Speaker 10: immediately labeled racist and xenophobic and against multiculturalism in all
10:17
Speaker 10: of these things. And so Peter Dutton has this really
10:20
Speaker 10: big challenge ahead of him to thread this sort of
10:23
Speaker 10: needle here because it does you know, every economist now
10:26
Speaker 10: who's serious about this does acknowledge that this pushes up
10:30
Speaker 10: housing and it takes a lot longer to build houses
10:33
Speaker 10: than it does to bring in and approve visas and migrants.
10:36
Speaker 10: So you know, there's that gap. But we're also seeing
10:38
Speaker 10: an awful lot of tension in terms of community cohesion.
10:42
Speaker 10: We've seen this play out hugely, I think with the
10:45
Speaker 10: Israel and Gaza issue and the real divide in this community,
10:49
Speaker 10: in our community over this issue, you know, which has
10:52
Speaker 10: been driven a lot by different migrant communities with different
10:55
Speaker 10: views on this, and the thing is that people are
10:59
Speaker 10: really realizing that, you know, some migration is good, it
11:02
Speaker 10: is good for the country, but overall what you're talking
11:06
Speaker 10: about is a way to sugarcoat the fact that we're
11:09
Speaker 10: in a per capital recession. Our household income, our standards
11:12
Speaker 10: of living are all going backwards. More congestion, more traffic,
11:16
Speaker 10: you know, harder to get a house, harder to get
11:18
Speaker 10: the ladder if you're a younger person. These are all
11:21
Speaker 10: big issues that Peter Dutton can crystallize if he comes
11:24
Speaker 10: up with the number, sticks to it and points out
11:27
Speaker 10: the fact that this cap on students, you know that
11:29
Speaker 10: they're talking about, it's not even a real cap. It's
11:32
Speaker 10: just the minister can sign it if he wants to,
11:33
Speaker 10: but it's not even in the law. So there's a
11:36
Speaker 10: lot of there's a lot of opportunity here. I think
11:38
Speaker 10: for the coalition to I think divide, to get those
11:42
Speaker 10: people who are not represented by the political class and
11:45
Speaker 10: the elite in the media that say immigration is uniformly good.
11:48
Speaker 10: We should go as absolutely maximalist on as we can
11:52
Speaker 10: and say no, we need to think about this in
11:54
Speaker 10: a more considered way.
11:58
Speaker 2: I might also add to in the last pop six
12:00
Speaker 2: years we've had poll after pulsantly majority of Australians say
12:03
Speaker 2: they want those numbers brought down to something a bit
12:05
Speaker 2: more reasonable. But we're also getting a significant showing. This
12:09
Speaker 2: goes to your point there, James, about the people who
12:11
Speaker 2: don't feel heard from Labor voters as well as Coalition voters.
12:16
Speaker 2: And I think this is the ground. This is the
12:18
Speaker 2: Abbot army, the Howard Butler's on the Labour side that
12:21
Speaker 2: needs to bring over in order to win government, but
12:25
Speaker 2: this is one of their key issues. So I think
12:27
Speaker 2: he's on a very strong footing. If that's indeed what
12:30
Speaker 2: he says tonight, you can catch that here, of course
12:32
Speaker 2: on Sky News at seven thirty. Let's go to the
12:35
Speaker 2: big issue today in the Senate labor figures. Of course,
12:38
Speaker 2: labor figures dissident seeing themselves from their colleague WA Senator
12:43
Speaker 2: Fatima Payman following this interview with SBS, this.
12:49
Speaker 9: Is a genocide and we need to stop pretending otherwise.
12:55
Speaker 9: From the river to the sea, Palestine will be free now.
13:01
Speaker 2: The Prime Minister today responded to that, chant let's ever listen.
13:06
Speaker 13: Is it appropriate?
13:08
Speaker 6: No, it's not what's appropriate as a two state solution.
13:14
Speaker 2: But I reckon these language is a bit stronger. When
13:16
Speaker 2: he spoke about this to Josh Freedenberg.
13:20
Speaker 4: On the issue of the River to the sea, Dennis
13:23
Speaker 4: Richardson again described as an extremely violent statement.
13:27
Speaker 7: It is, and so.
13:28
Speaker 13: It has no place on our streets.
13:31
Speaker 3: I agree, so extremely violent.
13:36
Speaker 2: Then now it's merely inappropriate. In the Senate, that vote
13:41
Speaker 2: against that statement went fifty six yes, twelve No. That's
13:47
Speaker 2: the Greens and others in there. But I'll make the
13:49
Speaker 2: points Sophie. Nowhere in that motion put forward by the coalition,
13:53
Speaker 2: which Labor supported, was there any condemnation of senator payment.
13:59
Speaker 2: She wasn't even n in the motion, and worst of all,
14:03
Speaker 2: shouldn't even front for the vote.
14:06
Speaker 3: Well, Peter, isn't this interesting?
14:08
Speaker 14: I mean, she's a senator that I think a lot
14:09
Speaker 14: of people probably haven't heard of until today. She's a
14:13
Speaker 14: twenty nine year old woman who appears, from what I
14:17
Speaker 14: heard today, did not consult the Prime Minister's office before
14:21
Speaker 14: she went out.
14:22
Speaker 3: And did this interview.
14:23
Speaker 14: So she might be learning some tough lessons in politics
14:26
Speaker 14: that this isn't the way you play ball. And I
14:29
Speaker 14: think it's interesting that she wasn't called out. You know
14:35
Speaker 14: where you just address that there's a lot of votes
14:37
Speaker 14: here at play. Peter and Labor I believe are trying
14:41
Speaker 14: to have you know, a bed each way and they're
14:44
Speaker 14: not being strong on this issue and it's catching them out.
14:47
Speaker 14: And it's rare to Peter that I would argue that
14:50
Speaker 14: you see Labor politicians break ranks like this young politician
14:55
Speaker 14: did today.
14:56
Speaker 2: I think it's a poortent, a bad portent for the future.
15:00
Speaker 2: Go to the continuing university protests if we can, James.
15:03
Speaker 2: We've got classes canceled today at the University of Melbourne.
15:07
Speaker 2: We've got the University of Queensland in Brisbane locked down,
15:11
Speaker 2: Melbourne UNI Deacon UNI Monash. They're now giving marching orders
15:16
Speaker 2: to protesters. They want these encampments shut down, but Senior
15:20
Speaker 2: University says no plans to evict any pro Palestinian protesters
15:24
Speaker 2: on the grounds. They say because these are quote primarily
15:29
Speaker 2: peaceful and civil.
15:30
Speaker 3: I don't think they're civil at all.
15:33
Speaker 2: Surely we're getting close to where we are in the
15:35
Speaker 2: United States and we need to bring in the police.
15:38
Speaker 10: Well, absolutely, Peter. I mean, just you know, eight ten
15:41
Speaker 10: hours ago, police in California at UC Irvine went through
15:45
Speaker 10: and systematically demolished one of these encampments of students who
15:50
Speaker 10: go out and they are not just. And again it
15:53
Speaker 10: is really important understand these people, the people organizing these protests.
15:57
Speaker 10: It's not just about saying, oh, you know, we want
15:59
Speaker 10: a Tuesday. We just think is we should go a
16:01
Speaker 10: little less hard on the Palestinians and you know, get
16:03
Speaker 10: some made to the kids and all of that stuff,
16:04
Speaker 10: you know, which is all perfectly fine to talk about.
16:07
Speaker 10: These people are pushed by really radical groups, particularly in
16:11
Speaker 10: the United States, that have very maximalist goals for Palestine,
16:16
Speaker 10: for Gaza, and I think it's a lot of the
16:17
Speaker 10: same thing we see here in Australia. You know, that
16:20
Speaker 10: River to the Sea business. You know, a lot of
16:23
Speaker 10: this winds up just being apology for Hamas and all
16:26
Speaker 10: sorts of other groups. You know, you never get them
16:28
Speaker 10: to condemn any of the stuff that Hamas did or does.
16:30
Speaker 10: It's always just Israel, Israel, Israel. They never talked about
16:33
Speaker 10: China or any other human rights of users. So we know,
16:36
Speaker 10: really really what's going on here. And I just think
16:39
Speaker 10: that it's really weak for the University of Sydney to
16:43
Speaker 10: just say, oh, well, no, we'll just sort of let
16:44
Speaker 10: this go here. It's fine because they're mostly peacefull. It
16:47
Speaker 10: reminds me of twenty twenty and the mostly peaceful protests
16:50
Speaker 10: they had back then. So I mean good on the
16:52
Speaker 10: universities that have finally decided, finally to you know, do
16:55
Speaker 10: the right thing and just stop these groups from interfering
16:59
Speaker 10: with the business of campus and learning and going to
17:01
Speaker 10: class and Jewish students, particularly their right to go to
17:05
Speaker 10: class unmolested and not being attacked by anti Semitic slogans
17:10
Speaker 10: and imagery. But it's really just weakly. University of City
17:13
Speaker 10: hasn't done this yet. I wish they would just do
17:15
Speaker 10: what everybody else is doing and realizing there's no place
17:18
Speaker 10: for this sort of thing, you know, on a functioning
17:21
Speaker 10: university campus.
17:24
Speaker 3: Let's go back to some budget stuff.
17:25
Speaker 2: Chris Bow and the Energy Minister out today making a
17:28
Speaker 2: candidate admission that Labors three hundred dollars energy bill relief
17:33
Speaker 2: plan is effectively removing the smoke and mirrors of Jim
17:37
Speaker 2: Chalmer's budget night speech.
17:39
Speaker 3: Have I listen.
17:41
Speaker 5: You do that by spreading across as many bills as
17:43
Speaker 5: you can, and you do that effectively by spreading it
17:46
Speaker 5: to every energy bill in the country. You maximizing impact
17:49
Speaker 5: on inflation, which will help the Reserve Bank in their job.
17:51
Speaker 5: And we sign this very carefully as to how it
17:54
Speaker 5: will maximize assistance to the Reserve Bank to ensure that
17:58
Speaker 5: they can do their job.
18:01
Speaker 2: So this is a Minister Sophie admitting that they're aiming
18:04
Speaker 2: to influence the RBA, and they are trying to do
18:07
Speaker 2: that because their biggest political worry is if the governor's
18:11
Speaker 2: forced to lift rates, if inflation isn't managed down, then
18:16
Speaker 2: any rate increase will be absolutely Labour's fault and that's
18:21
Speaker 2: a political disaster, isn't it.
18:24
Speaker 3: Well, Peter, we've.
18:24
Speaker 14: Had a thinker up to thirteen rate rises since the
18:28
Speaker 14: Labor government came into office. We're now four point three
18:32
Speaker 14: five percent cash rate, and yes, it won't be great
18:35
Speaker 14: if the cash rate keeps going up. People are really
18:38
Speaker 14: feeling the pinch now, and I think Peter, with that
18:40
Speaker 14: three hundred dollars rebate, it all sounds great, but people
18:45
Speaker 14: know it's the taxpayer is effectively paying for it. So
18:49
Speaker 14: three hundred dollars headline to say they've given us three
18:52
Speaker 14: hundred dollars. They promised us our power bills would drop
18:55
Speaker 14: by two hundred and seventy five dollars all they can
18:58
Speaker 14: say they have because we've given this money back. But
19:01
Speaker 14: I think people can see through these quick cash grabs,
19:04
Speaker 14: cash kicks to people, and I think voters are smarter
19:08
Speaker 14: than that.
19:09
Speaker 2: And of course three hundred dollars is just a one
19:10
Speaker 2: off payment to drop your bill by two seven five.
19:13
Speaker 2: That's a permanent decrease to your bill that lives on
19:17
Speaker 2: a lot longer than a one off handout just quickly. James,
19:22
Speaker 2: I mentioned it at the top of the show. I mean,
19:24
Speaker 2: I think it's a shocking own goal in the middle
19:26
Speaker 2: of a housing crisis for the PM to move on
19:30
Speaker 2: an eviction notice to his Sydney tenant, he says, he says,
19:34
Speaker 2: and I listened to that grab before. He says, my
19:36
Speaker 2: circumstances have changed now as a Prime minister seriously telling
19:40
Speaker 2: us when he gets married he and the new wife
19:43
Speaker 2: are going to move into that property. I mean here
19:45
Speaker 2: will stay at Kirabilly House or the lodge. This is
19:49
Speaker 2: I think it's a shocking look for the Prime minister.
19:52
Speaker 10: Well, it's a shocking look I think, particularly for a
19:54
Speaker 10: prime minister. Peter who you know, a few years ago
19:57
Speaker 10: went out on TV and publicly emoted about how much
20:00
Speaker 10: he liked to fight Tories because he fights Tories, because
20:03
Speaker 10: that's what he does. And you know, to me, like
20:06
Speaker 10: a person who fight Tories fights Tories. Isn't somebody who
20:09
Speaker 10: has a whole bunch of properties across the inner West
20:12
Speaker 10: of Sydney and is kicking somebody out because they want
20:15
Speaker 10: to sell the thing up because they're getting married. I
20:17
Speaker 10: don't quite understand what the personal circumstance is there. It
20:20
Speaker 10: may be that he wants to raise cash to buy
20:23
Speaker 10: a bigger place for them for after he's Prime Minister.
20:25
Speaker 10: I don't know that's his business, but I do think
20:28
Speaker 10: that just you know, as you said very eloquently Pete
20:31
Speaker 10: at the start of the show, you know, this is
20:32
Speaker 10: a guy who's on a lot of money. He doesn't
20:34
Speaker 10: put his hand in his pocket for pretty much anything.
20:36
Speaker 10: You know, over thirty years in public service, let's just
20:39
Speaker 10: say he's done very well for himself, and then over
20:42
Speaker 10: a few hundred bucks rent, you know, or just delaying
20:45
Speaker 10: the sale of this you know a bit, you know,
20:47
Speaker 10: to create this whole political own goal. I just think
20:51
Speaker 10: it's absolutely extraordinary. And this Prime Minister has one of
20:54
Speaker 10: the biggest media teams of any Prime minister I think
20:57
Speaker 10: in recent history, and that we said pm PM, I'm
21:02
Speaker 10: not sure this is a great idea, but you know
21:05
Speaker 10: they charged along right along with it. And this is
21:07
Speaker 10: not the first time, by the way, we've seen this
21:09
Speaker 10: sort of thing. We're going to put their head and
21:11
Speaker 10: said boss, I'm not sure there is a smart move.
21:16
Speaker 2: It's not a smart move. So two planes to the
21:18
Speaker 2: one event. Thank you both for your time. See you
21:21
Speaker 2: next week, Sophie and James.
21:23
Speaker 3: All right, big breaking news.
21:24
Speaker 2: I want to bring it to you now, just in
21:26
Speaker 2: on that defamation action brought against Victorian opposition leader John
21:30
Speaker 2: Pizzuto by Kelly J. Keen and Angela Jones for more
21:36
Speaker 2: on this, Let's three and Victorian political reporter Simon love Well.
21:40
Speaker 2: We all know the origins of this, sim and it
21:42
Speaker 2: goes back, I think to February last year, that rally
21:46
Speaker 2: for women's rights attended by a counter protest of trans
21:51
Speaker 2: rights activists and then of course famously at the very
21:55
Speaker 2: end incomes of neo Nazis and had nothing to do
21:58
Speaker 2: with anybody, but it ended up furor more redeeming, eventually
22:02
Speaker 2: getting expelled from the Liberal Party party room and then
22:06
Speaker 2: comments said in the media about all the individuals involved,
22:10
Speaker 2: of which the two we talk about tonight, Kelly J.
22:13
Speaker 2: Keen and an Angela bring then a defamation action against
22:20
Speaker 2: the opposition leader.
22:21
Speaker 3: But we're hear there's been a settlement, Peter.
22:26
Speaker 12: I've been told there has been a settlement reached with
22:28
Speaker 12: both Angela Jones and Kelly J. Keen. It is my
22:32
Speaker 12: understanding that this is a settlement that will include a
22:35
Speaker 12: full apology from John Pascudo. It's also my understanding that
22:39
Speaker 12: is due to be posted on his public website at
22:43
Speaker 12: midnight tonight, so that's Friday morning.
22:46
Speaker 10: Now.
22:46
Speaker 3: Kelly J.
22:47
Speaker 12: Keen herself has scheduled a YouTube live stream for one
22:52
Speaker 12: am tomorrow morning, Sydney time to address the outcome of
22:56
Speaker 12: this defamation case. Now, when I put this information that
23:00
Speaker 12: I've received too Opposition leader John Bisudo's office, I was
23:03
Speaker 12: given a stern no comment that they were unable to
23:06
Speaker 12: comment on this. And is my understanding that the reason
23:09
Speaker 12: why that is the case is because there's been a
23:12
Speaker 12: confidential confidentiality agreement put in place and a non disparagement
23:18
Speaker 12: agreement may be part of that as well, So that
23:20
Speaker 12: will come to a head at midnight tonight. What is
23:24
Speaker 12: important to note here though, to Peter, is this has
23:27
Speaker 12: no bearing or no outcome on the primary defamation case
23:32
Speaker 12: or the longest defamation case running, that one you mentioned
23:35
Speaker 12: from MOI redeeming the independent Liberal MP who still sits
23:39
Speaker 12: in the Upper House but was booted out of the
23:41
Speaker 12: Parliamentary Liberal Party last year.
23:46
Speaker 2: I reckon we might both be on the money because
23:49
Speaker 2: what you're hearing is what I am hearing to Simon
23:51
Speaker 2: Loveyank you for that update.
23:53
Speaker 3: Keep us posted. We'll be looking at YouTube tonight. After
23:56
Speaker 3: the break.
23:57
Speaker 2: My Economics panel will weigh in on today's surprising employment
24:00
Speaker 2: figures and how this players into the budget this week.
24:03
Speaker 3: For all the noise about those states.
24:05
Speaker 2: Through tax cards conservation today too that the Bracker Creek,
24:08
Speaker 2: well it wipes them away in four years anyway, plus
24:12
Speaker 2: more in this future made Australia planet looks more and
24:15
Speaker 2: more like gambling with taxpayers dollars.
24:22
Speaker 3: Welcome back.
24:23
Speaker 2: I'm going to talk to John Anderson about what it
24:25
Speaker 2: actually takes to be hard nosed and pay down our
24:29
Speaker 2: national debt. He was there when they did it in
24:32
Speaker 2: the Howard and Costello era, ninety six billion dollars. It's
24:36
Speaker 2: down close to a trillion. How on earth will we
24:40
Speaker 2: get that down? But first, still putty of detail to
24:42
Speaker 2: get across from the barget not to mention fresh economic
24:46
Speaker 2: indicators around today, we'll get across those in relation to unemployment.
24:50
Speaker 2: Joining me in our business commentator for The Herald Sun,
24:52
Speaker 2: the wonderful Terry mcran and former Treasury Assistant Secretary David
24:57
Speaker 2: Pearl Gens Welcome.
24:59
Speaker 3: We'll start with the empl ployment data. The job's data
25:01
Speaker 3: out today.
25:02
Speaker 2: Unemployment it rose today from three point nine percent to
25:06
Speaker 2: four point one It's a steeper jump than they were predicting. Terry,
25:11
Speaker 2: how do you think this will now play into the
25:13
Speaker 2: reserve banks thinking on rates?
25:17
Speaker 15: The first thing we always have to say about these statistics, Peter,
25:20
Speaker 15: is it's just one month. We'll have to see how
25:23
Speaker 15: it actually plays out. And we know that the jobless
25:26
Speaker 15: numbers in particular are pretty dodgy numbers. They're not something
25:29
Speaker 15: that is tangible and definite, like how much we spend
25:32
Speaker 15: in retail stores. Having said that, I think that it
25:36
Speaker 15: is significant because of that number four we've kicked over
25:39
Speaker 15: four percent for the first time since the coming out
25:43
Speaker 15: of COVID days in early twenty twenty two, and I
25:46
Speaker 15: think this actually could make a significant change to the
25:49
Speaker 15: interest rate outlook, provided we also get some delivery on
25:54
Speaker 15: the inflation front. There's two parts to this equation. What's
25:57
Speaker 15: happening to wages and jobs, what's happening to inflation. Now
26:02
Speaker 15: we've got this dodged up number in the September quarter
26:05
Speaker 15: from Treasury with the trick on the checking the mail
26:08
Speaker 15: for energy. But looking through that, we might actually see
26:13
Speaker 15: if we see a significant fall in inflation below what
26:16
Speaker 15: the Reserve Bank has been predicting. Combined with this jobless number,
26:21
Speaker 15: I think we might actually bring interest rate cuts back
26:25
Speaker 15: onto the agenda. When all the economists are now saying
26:28
Speaker 15: not till twenty twenty five.
26:32
Speaker 2: And so to the government's forecast they say not until
26:35
Speaker 2: the middle of next year. But of course they would
26:37
Speaker 2: be hoping fingers crossed they get something in terms of
26:39
Speaker 2: a rate cut before they go to the next election.
26:42
Speaker 2: David Terry mentioned their wages were critical in all of
26:44
Speaker 2: these assessments by the RBA. They're out today as well.
26:47
Speaker 2: They come in below expectations. Year to March four point
26:51
Speaker 2: one was the number the last quarter by zero point
26:54
Speaker 2: eight percent, again lower than was forecast. How do you
26:58
Speaker 2: think this plays in to inflation?
27:02
Speaker 13: Thanks Peter.
27:03
Speaker 16: I think it's broadly consistent with what Terry just said.
27:05
Speaker 16: The budget has forecast slowing in nominal wage growth. I
27:10
Speaker 16: think the RBA would welcome that. It's an amazing piece
27:13
Speaker 16: of the puzzle. At the moment, the RBA is a
27:15
Speaker 16: bit confused about weaker retail spending on the one hand
27:19
Speaker 16: and an unusually strong labor market on the other. And
27:21
Speaker 16: I think this softening in the labor market may well
27:24
Speaker 16: feed into services inflation and make their job a little
27:27
Speaker 16: bit easier.
27:30
Speaker 2: Terry, I know you and I have talked about immigration
27:32
Speaker 2: for years now. The speculation, the hot word into Andrew
27:38
Speaker 2: Cleanel's ear the Southternoon is there will be a move
27:40
Speaker 2: tonight by Peter Dutton on the migration number. We know
27:44
Speaker 2: and the current government says they'll bring it down. They've
27:46
Speaker 2: just revised their forecasts up in fact three hundred and
27:49
Speaker 2: ninety five thousand a year. In the Howard heir it
27:52
Speaker 2: was about one hundred thousand a year. Pet Itton says,
27:55
Speaker 2: I'm going to make it a lot lower than where
27:57
Speaker 2: labour wants to take it. Let's get right down to
28:00
Speaker 2: about one hundred and sixty thousand. That's back to sort
28:03
Speaker 2: of two thousand and five era immigration intakes. You and
28:09
Speaker 2: I both talk about how much it's a Ponzi scheme
28:11
Speaker 2: for fake growth in the budget, But if he goes
28:14
Speaker 2: there tonight, I think it's a huge political opportunity for
28:18
Speaker 2: the coalition.
28:20
Speaker 3: Give us your take on things.
28:23
Speaker 15: Well, absolutely, I agree with everything you said, Peter, and
28:25
Speaker 15: I certainly hope that Peter Dunn't will go in that
28:28
Speaker 15: direction on two levels. One is the political level. He
28:32
Speaker 15: needs to offer a differentiated policy agenda to the current
28:36
Speaker 15: government on a substance basis, because the current government's policy
28:40
Speaker 15: agenda is just awful, horrendous across the board, the big spending,
28:45
Speaker 15: the crazy climate change schemes, I mean we saw them
28:48
Speaker 15: come together in the budget. Tens of billions of dollars
28:51
Speaker 15: are going to be poured into climate various climate schemes
28:55
Speaker 15: going forward, and all sorts of subsidies, which when you
28:58
Speaker 15: allow the subsidy to be putt in place, you never
29:01
Speaker 15: know where it's going to end up in terms of
29:03
Speaker 15: how many people jump in to grab the free lunch.
29:06
Speaker 15: And secondly, obviously the basic reality of far too many
29:10
Speaker 15: people coming into Australia and all inter sceney in Melbourne
29:15
Speaker 15: primarily and creating that enormous unlivability, but also the demand
29:21
Speaker 15: for all the new infrastructure spending at a time where
29:24
Speaker 15: we don't have the trade is or the resources to
29:28
Speaker 15: service it, and which is just adding to the inflation problem.
29:31
Speaker 15: So the fundamental thing to do in any direction in
29:35
Speaker 15: terms of policy is getting those immigration numbers down.
29:42
Speaker 2: We know, David that we've got deficits beyond this way
29:45
Speaker 2: for thin circlus this financial year, deficits as far as
29:48
Speaker 2: the eye can see. The Government admits that. And what
29:50
Speaker 2: we saw on Tuesday night, now this is because we've
29:53
Speaker 2: got a structural spending problem. So there's no plans at
29:57
Speaker 2: auderating things like healthcare, age care, pench education, all of that.
30:02
Speaker 2: Ratings Agency mood is they are warning it's going to
30:05
Speaker 2: make the prospect of future surfaces in Australia more difficult.
30:09
Speaker 3: Well tell me something we don't know.
30:11
Speaker 2: I mean, one of the things that I can't stand
30:12
Speaker 2: in budget week is all this jargon that's thrown around
30:17
Speaker 2: designs to send a message to poor older tax payers.
30:20
Speaker 2: The budget's too complex, don't understand it, don't ask us
30:23
Speaker 2: too many questions just trust us, give us a layman's
30:28
Speaker 2: definition if you can of structural spending so that people
30:33
Speaker 2: at home can understand how bad this is as a
30:35
Speaker 2: problem for good budgeting.
30:39
Speaker 13: Absolutely, Peter.
30:40
Speaker 16: I think in personal terms, it would be if your
30:42
Speaker 16: income is volatile from year to year in an unpredictable way,
30:47
Speaker 16: but you make spending commitments or mortgage commitments which match
30:52
Speaker 16: the top of that income volatility, you're exposing yourself to
30:57
Speaker 16: financial difficulty. So you're spending commitments, or your liabilities are
31:01
Speaker 16: structurally fixed, but your incomes variable, and you're assuming that
31:06
Speaker 16: variability will disappear.
31:10
Speaker 2: Meaning if you've got a salary and you only can
31:13
Speaker 2: make your payments on the home you've got if you
31:16
Speaker 2: get extra good over time for that year. But if
31:20
Speaker 2: you don't get the extra good overtime, your basic salary
31:23
Speaker 2: doesn't cover your costs. That's what you're talking about in
31:27
Speaker 2: terms of the problem.
31:29
Speaker 16: Exactly, and that's what credit ratings agencies look at. Our
31:33
Speaker 16: medium to long term debt outlook doesn't compare too badly
31:37
Speaker 16: to a lot of other countries, to be honest, Peter,
31:39
Speaker 16: but the forward estimates are Panglossian, the best of all
31:45
Speaker 16: possible worlds.
31:46
Speaker 13: They assume unlimited.
31:47
Speaker 16: Bracket creep, which is going to wipe out any income
31:51
Speaker 16: tax cut. Future governments will want to give that back,
31:54
Speaker 16: and they lock in very optimistic assumptions about the growth
31:59
Speaker 16: in spending. We all know the disaster the NDS is
32:03
Speaker 16: double that for aged care, triple that for other expenses
32:07
Speaker 16: as well.
32:07
Speaker 13: And also you've got a rising interest debt as well.
32:10
Speaker 16: So even though the forward estimates look bad in terms
32:14
Speaker 16: of permanent structural deficits, it's probably going to be worse
32:18
Speaker 16: than that.
32:18
Speaker 13: We also have the unknown unknowns.
32:20
Speaker 16: We've had a pandemic and a global financial crisis in
32:23
Speaker 16: the last decade or so.
32:25
Speaker 13: There are going to be some shocks ahead.
32:30
Speaker 2: Don't take this the wrong way, Terry, because I know
32:32
Speaker 2: you worked at Terry David, because you worked in Treasury.
32:34
Speaker 2: But when I worked in the government all those years,
32:37
Speaker 2: I used to think you're about on a par with
32:39
Speaker 2: astrologists and you blokes down in Treasure in terms of
32:42
Speaker 2: getting things right. So I do not hold out any
32:45
Speaker 2: hope that we're headed in the right direction, Terry. What
32:49
Speaker 2: I found interesting today was to learn that for all
32:52
Speaker 2: the talk about these Stage three tax cards, they're actually
32:56
Speaker 2: only got to last about four years in terms of
32:59
Speaker 2: benefits before they're wiped out with bracket creep.
33:04
Speaker 15: Absolutely indeed, I mean this is the fundamental thing that's
33:08
Speaker 15: been undermining a fair taxes since we were all in
33:13
Speaker 15: short pants, so that it never goes away, bracket creep.
33:17
Speaker 15: And it went inflation as low as it was through
33:20
Speaker 15: the ten two thousands, two thousands and tens. It was
33:23
Speaker 15: still there, but it was much muted. Now we've had
33:26
Speaker 15: two years of boosted inflation, significantly boosted inflation, and I
33:30
Speaker 15: don't think anybody can be confident that inflation is going
33:33
Speaker 15: to miraculously go back to the two percent level that
33:36
Speaker 15: we saw for so long in the tens the tens.
33:39
Speaker 15: But and so brakeet creep comes roaring back in a
33:42
Speaker 15: significant way. And what the government failed to do by
33:45
Speaker 15: not delivering on those cuts to the upper levels of
33:48
Speaker 15: the tax scars has just made it worse. And it's
33:52
Speaker 15: dragging people on middle incomes into the high taxing echelons.
33:56
Speaker 15: And therefore the galloping bracket creep.
34:01
Speaker 3: Not wrong.
34:02
Speaker 2: And it's about fifteen dollars a week for the average taxpayer.
34:04
Speaker 2: Don't spend it in a rush. That's all we're going
34:07
Speaker 2: to get. Terry mccran, David Pearl, thank you both for
34:09
Speaker 2: your time tonight. All right after the break, John Anderson,
34:13
Speaker 2: he'll join me to discuss what it actually takes for
34:15
Speaker 2: a government to pay down debt.
34:18
Speaker 3: Plus we'll get his reaction.
34:20
Speaker 2: A lot of angry farmers, a lot of angry regional
34:23
Speaker 2: communities about being done over by labor in the budget.
34:32
Speaker 3: Welcome back.
34:33
Speaker 2: Anger from our soldiers is the top brass of the events.
34:35
Speaker 2: Force duck any responsibility, they say for the alleged war crimes,
34:40
Speaker 2: but the soldiers or they're still left in limbo. But first,
34:43
Speaker 2: I want to go back to a time when governments
34:46
Speaker 2: actually lived within their means. They focused on paying off
34:50
Speaker 2: our national debt rather than further entrenching spending. We can't
34:54
Speaker 2: afford not to mention playing a whole lot of accounting tricks,
34:59
Speaker 2: with eighty bills million dollars in spending being so called
35:02
Speaker 2: off budget.
35:03
Speaker 3: It was the fiscal rules such.
35:05
Speaker 2: As keeping tax under a certain percentage of GDP, capping spending,
35:09
Speaker 2: and insisting that you spending is offset by savings that
35:13
Speaker 2: helped Peter Costello and John Howard delivered ten straight budget
35:17
Speaker 2: surpluses and even labor treasures of old like Paul Keating,
35:21
Speaker 2: will he well understood these rules. Joining me now as
35:24
Speaker 2: someone who served with Peter Costello and John Howard in
35:27
Speaker 2: cabinet during this time of economic maturity long lost, I'm
35:32
Speaker 2: afraid format Deputy Prime Minister John Anderson. John will get
35:37
Speaker 2: to a lot of contemporary issues in a moment. But
35:41
Speaker 2: you were there when we took that historic decision to
35:44
Speaker 2: pay back ninety six billion dollars of debt. I make
35:47
Speaker 2: the point our debts now going to hit over a
35:50
Speaker 2: trillion dollars. It took a decade to get one hundred
35:54
Speaker 2: billion paid off, trillions a thousand billion. That's a long,
36:01
Speaker 2: long effort required. But do we have the ticket to
36:04
Speaker 2: do it anymore?
36:06
Speaker 7: Well, it's a very good question. Let me make a
36:09
Speaker 7: few observations. March the eleventh, nineteen ninety six, we're in government.
36:14
Speaker 7: We're around the table for the first time. John Hart
36:17
Speaker 7: opens the books and says there are deficits building out
36:20
Speaker 7: an alarming rate on top of the ninety six billion
36:23
Speaker 7: dollar debt we have. We'll have to have a razor gang.
36:25
Speaker 7: I was on that razor gang. One way of cutting
36:29
Speaker 7: this would be to say, firstly, there's the moral issue
36:31
Speaker 7: that might sound a funny thing to say, but economics
36:33
Speaker 7: is not just about a sweet cetain numbers. It's about
36:36
Speaker 7: better outcomes for people. And I remember John Hawn saying
36:39
Speaker 7: that day we need to end the intergenerational theft. That's
36:43
Speaker 7: a moral issue. When a society won't live within its
36:45
Speaker 7: means and expects, it's unborn. It's children and it's unborn
36:49
Speaker 7: to pick up the tab for their ways.
36:51
Speaker 13: That's wrong.
36:52
Speaker 7: Secondly, there's the issue of character. We were able to
36:56
Speaker 7: do it because we stuck to one another like glue,
36:58
Speaker 7: even though frankly, at times it was unbelievably difficult. We
37:03
Speaker 7: were upsetting our colleagues, were upsetting the community. Media speculation
37:06
Speaker 7: was rife, but no one leaked. Everyone got on with it.
37:09
Speaker 7: We displayed the character and the discipline and the trust
37:12
Speaker 7: to make it work. The third thing I'd say is
37:15
Speaker 7: about leadership. We need our leaders to actually go out
37:18
Speaker 7: there and explain why some things have to be done.
37:21
Speaker 7: And Peter Costello often makes the point that we didn't
37:23
Speaker 7: have a constituency. People say, oh, there's no constituency now
37:27
Speaker 7: for what you were talking about, Peter, cleaning up the
37:29
Speaker 7: Economic Act. We didn't have one either. They weren't actually
37:32
Speaker 7: busting the door down. Say balance the books. You've got
37:36
Speaker 7: to make a case, see it through and then you
37:40
Speaker 7: get the results. And the results were spectacular. The Australian
37:43
Speaker 7: economy took off, employment improved, out of site living standards
37:46
Speaker 7: started to rise. Was a golden era.
37:51
Speaker 2: You talk about Kevin solidarity there. You know, that used
37:54
Speaker 2: to be something I worked ten years in the how
37:56
Speaker 2: a government era. It used to be something you almost
37:59
Speaker 2: took for granted.
38:00
Speaker 3: You know.
38:00
Speaker 2: I had bosses who were cabinet ministers come out of cabinet,
38:04
Speaker 2: go back to their desk and I'd say, what was
38:06
Speaker 2: the decision. They'd say, well, you can read it on
38:08
Speaker 2: the cabinet, but I'm not going to talk about what
38:11
Speaker 2: was discussed in the room. It wouldn't give me a
38:13
Speaker 2: sense of who spoke for or against a particular item,
38:17
Speaker 2: and it never turned up in the papers the way
38:19
Speaker 2: it does now. I think that's something we don't talk
38:22
Speaker 2: about enough.
38:22
Speaker 7: Isn't It goes to character. We're able to do it
38:26
Speaker 7: because of character. We've been out of government for a
38:28
Speaker 7: long time. We believed in good policy. By the way,
38:31
Speaker 7: we had the backing of tremendous backing from a lot
38:34
Speaker 7: of industry groupings. In those days. Business wasn't woke. Business
38:39
Speaker 7: actually believed in good outcomes for people and employing people
38:42
Speaker 7: and their wages rather than virtue signaling. And the NFF
38:46
Speaker 7: was unbelievably good and advocating for good policy. But it does.
38:50
Speaker 7: It goes to character. It goes to sticking together with
38:53
Speaker 7: your mates through the thicker the thin, because you believe
38:56
Speaker 7: in what you're doing and you're quite right. The ten
39:00
Speaker 7: years that I was in Kavnan, I hardly remember even
39:03
Speaker 7: the suggestion of a leak and that went to the
39:06
Speaker 7: government's credibility and the sense of teamwork.
39:11
Speaker 2: One of the things I noticed every time I look
39:13
Speaker 2: at the budget papers, and I think this is because
39:15
Speaker 2: like you, you know, I grew up in a country town,
39:17
Speaker 2: in a regional area. Is the weight of regional Australia
39:21
Speaker 2: in terms of their contribution, and not just agriculturepert export
39:26
Speaker 2: dollars of course, but a lot of our mining exports,
39:29
Speaker 2: our resource exports come from regional communities. And I'm not
39:34
Speaker 2: so sure that those innervan areas understand that, appreciate that enough.
39:39
Speaker 2: You know, they talk down regional Australia, call them rednecks.
39:42
Speaker 2: They think that their votes can be basically dismissed because
39:46
Speaker 2: the big seats, the big numbers are in big cities
39:49
Speaker 2: around the country. And there's anger also involved in all
39:53
Speaker 2: of this, down with the role out of renewables and
39:55
Speaker 2: the way in which a lot of regional communities and profitable,
40:00
Speaker 2: really good farmland will now be criss crossed and basically
40:05
Speaker 2: put out of operation due to transmission towers and wind
40:09
Speaker 2: farms and these massive solar panel installations. How do you
40:14
Speaker 2: think regional Australia feels this budget week?
40:19
Speaker 7: I think somewhat cynical and forgotten, but probably increasingly alarmed
40:23
Speaker 7: at the direction of things. Very interesting that we've had
40:26
Speaker 7: reports recently. Astute observation made the other day that like
40:30
Speaker 7: most countries in the world, we have a cost of
40:32
Speaker 7: living crisis, but we also have a cost of manufacturing crisis.
40:35
Speaker 7: It's costing so much to do business in this country
40:38
Speaker 7: that our biggest single manufacturing sector, which is food production
40:41
Speaker 7: and fiber production and drinks for production servicing the Australian
40:46
Speaker 7: people and many times more people internationally because we export
40:49
Speaker 7: some much, it's.
40:50
Speaker 13: At risk in this country.
40:52
Speaker 7: Can you believe it? And maybe that'll be a wake
40:55
Speaker 7: up call for people the regions matter, and we have
40:58
Speaker 7: a government backed by Greens and Independents who seemed determined
41:02
Speaker 7: to even push the governments not only ignorance of what
41:07
Speaker 7: we do in the regions, but frankly their desire to
41:09
Speaker 7: shut down every industry that creates wealth. I mean, we're
41:12
Speaker 7: against all things it seems that make us money and
41:16
Speaker 7: the response needs to be calm, tough. Reason again a
41:20
Speaker 7: lesson from history. The eighties were not good years for farming,
41:23
Speaker 7: and we had a labor government that in some ways
41:25
Speaker 7: was certainly better than the current labor government, a lot better,
41:28
Speaker 7: but agriculture was being ignored and with the leadership of
41:31
Speaker 7: the NFF and country members of Parliament are really calm determined,
41:39
Speaker 7: will won't back away. Approach was adopted attackling the government
41:43
Speaker 7: of the day. There was an incredible rallying camera that
41:45
Speaker 7: Prime Minister Bob Hawk came out to address it and
41:48
Speaker 7: it started to create some movement that it was backed
41:50
Speaker 7: by careful research and policy development, not just winging.
41:57
Speaker 2: John a quick comment on Labour's move to live sheep exports.
42:02
Speaker 2: There was a mass walkout today from a speech by
42:06
Speaker 2: the Agricultural Minister Murray.
42:07
Speaker 3: What's your comment there.
42:11
Speaker 7: I find this inexplicable. I go back to what I
42:13
Speaker 7: said a moment ago. They send a bit determined to
42:15
Speaker 7: close every industry that you could think of that actually
42:18
Speaker 7: creates wealth, and actually, frankly, when it comes to food
42:21
Speaker 7: experts helps us play our role in feeding people internationally.
42:26
Speaker 7: And I have every confidence that live exports can be
42:29
Speaker 7: managed in a human way and farmers do actually care
42:31
Speaker 7: about their animals. Might surprise people, but you don't get
42:34
Speaker 7: good quality prices for poor quality stock, and you don't
42:37
Speaker 7: get good quality stock if you don't look after them.
42:42
Speaker 3: John Andison terrific as always, see you next time.
42:46
Speaker 2: All right, after break for all to talk about Dan's
42:49
Speaker 2: then never be full again. We're about to be hit
42:51
Speaker 2: with some very very wet weather. But should we even
42:55
Speaker 2: believe the Bureau of Meteorology class get ready to presential
43:00
Speaker 2: debates between Presidents Biden and Trump. Goodness me, do we
43:04
Speaker 2: think those got two live debates in him?
43:08
Speaker 3: After the break, we'll getting down to the.
43:14
Speaker 2: Business and now seven thirty, of course we'll see Peter Datton,
43:17
Speaker 2: but before then we'll get through some issues with my panel.
43:20
Speaker 2: Deputy Executive Director at the Institute of Public Affairs Daniel
43:23
Speaker 2: Wilde and former Howard government Minister in the Immigration Portfolio,
43:28
Speaker 2: Gary Hargraves.
43:29
Speaker 3: Well, Jens, i'll actually.
43:31
Speaker 2: Start with you Gary, given the content that we're hearing
43:33
Speaker 2: about in relation to Peter Dutton's speech tonight, it's the
43:37
Speaker 2: budget address. In reply, it'll be here of course live
43:41
Speaker 2: on Sky. There's talk he's going to cut net overseas
43:45
Speaker 2: migration down as low as one hundred and sixty thousand.
43:50
Speaker 2: What else do you want to see from him tonight
43:52
Speaker 2: and how do you rate that sort of move on immigration?
43:54
Speaker 3: It'll be front and center. Then in an election campaign.
44:00
Speaker 1: Something's going to give Peter. We can't build houses fast
44:02
Speaker 1: enough for the people that are arriving here, and those
44:05
Speaker 1: even coming as a student, taking up a whole lot
44:08
Speaker 1: of housing stocks, a lot of hurt for everyday Australians.
44:11
Speaker 1: And I don't want to see resentment towards our migration
44:13
Speaker 1: because we've always decided who comes to Australia the terms
44:16
Speaker 1: under which they come. We've just turned this now into
44:19
Speaker 1: a Ponzi scheme to make the budget bottom line look
44:22
Speaker 1: good and it doesn't help. It doesn't help at all.
44:25
Speaker 1: So we've got to get this back on track. We've
44:27
Speaker 1: got to get it into the shape that works for Australia.
44:30
Speaker 1: I want to see long term vision. I want to
44:32
Speaker 1: see government spending less because what we're doing now talking
44:35
Speaker 1: about Ponzi schemes is where spending and taxing. Where taxing
44:40
Speaker 1: and spending. And for every dollar they're going to give
44:42
Speaker 1: you back through tax cuts, you know that it's going
44:45
Speaker 1: to be twenty five dollars is going to come out
44:47
Speaker 1: of your pocket a year or two down the track.
44:48
Speaker 1: And we spent too much through the COVID crisis. Okay,
44:52
Speaker 1: that was then, but this is now and the day
44:54
Speaker 1: for paying it back is coming. But in an election year,
44:57
Speaker 1: of course, there's not going to be great policy and
45:00
Speaker 1: saying I'm going to cut spending, but cutting migration is
45:03
Speaker 1: something that I think is going to ring true for
45:05
Speaker 1: a lot of people, especially for that matter, the migrants
45:08
Speaker 1: to Australia who don't want to be tired with the
45:10
Speaker 1: brush that they're currently getting tired with. So you know
45:13
Speaker 1: it's in Australia's interest that Peter Dutton is again as
45:16
Speaker 1: usual on the money. But the long term vision staff
45:19
Speaker 1: about cheaper power so we can actually make stuff in
45:22
Speaker 1: Australia at an affordable price to bring investment into Australia
45:27
Speaker 1: to get the water resources we need. They're the sorts
45:30
Speaker 1: of things I want to hear more of, and I
45:31
Speaker 1: hope we do down.
45:35
Speaker 2: I want to go down to Victoria because Victorian treasure
45:38
Speaker 2: Tim Palace has been caught today with his well, the
45:41
Speaker 2: equivalent of his fiscal pants down. He thought that his
45:45
Speaker 2: main elbow would be able to save his suburban rail
45:48
Speaker 2: loop project is blowing out by hundreds of billions of dollars.
45:54
Speaker 2: Costs are already up by twenty two percent. He has
45:58
Speaker 2: a twenty billion dollars budget shortfalled. As I said, he
46:02
Speaker 2: thought he'd be bailed out on Tuesday night. He hasn't
46:05
Speaker 2: been bailed out. But still they keep pushing on with
46:10
Speaker 2: the biggest of all white elephants in terms of this project.
46:15
Speaker 11: Well that's right, Peter, And you know what happens in
46:17
Speaker 11: Victoria is not just an issue for Victorians. It's warning
46:20
Speaker 11: for the rest of the country as to what happens
46:23
Speaker 11: when you have a government from the hard left running
46:26
Speaker 11: the economy. And look, the state government tries to blame
46:30
Speaker 11: it all on COVID, But when you go back to
46:32
Speaker 11: twenty fourteen, when this government was elected to. Now government
46:36
Speaker 11: spending has grown at twice the rate as the entire economy.
46:40
Speaker 11: Government debt has grown at fifteen times the rate as
46:44
Speaker 11: the entire economy. That is why interest payments on debt
46:47
Speaker 11: in Victoria are now by far the fastest growing item
46:51
Speaker 11: in the budget. As you suggest, the Victorian government was
46:54
Speaker 11: hoping for a bailout from Camber. Look, it may have
46:57
Speaker 11: not come now. I think it's inevitable because we saw
47:00
Speaker 11: that in the early nineties. Victoria is the second biggest
47:02
Speaker 11: economy in the nation and if Victoria goes down, it
47:06
Speaker 11: will bring the rest of the nation with it, and
47:08
Speaker 11: the other states at some point will need to bail
47:11
Speaker 11: this state out.
47:13
Speaker 3: Dear idea not wrong.
47:14
Speaker 2: So everyone pays for dodgy, dodgy labor ministers down here
47:20
Speaker 2: in Victoria, dodgy labor, debt reduction and deficits and all
47:24
Speaker 2: of it. Gary this new report warning about growing anger
47:27
Speaker 2: amongst our diggers over the refusal of the top military
47:30
Speaker 2: command is to take any responsibility at their level for
47:34
Speaker 2: what allegedly happened in Afghanistan. The oversight panels rejected the
47:39
Speaker 2: Brereton report, finding that these commanders shouldn't be held accountable
47:45
Speaker 2: for the murder of thirty nine Afghans.
47:47
Speaker 3: Where are you on.
47:48
Speaker 1: This, Well, the generals always go for the glory while
47:53
Speaker 1: the troops have to do the hard work. And we're
47:56
Speaker 1: just going to get behind our enlisted men and women,
47:58
Speaker 1: the people who are at the front line doing the
48:00
Speaker 1: hard stuff for us in our name. And I can't
48:02
Speaker 1: stand these bureaucrats, these desk based people doing in order
48:06
Speaker 1: about what happened after the event. It's now a case
48:09
Speaker 1: Peter where those who are in an in uniform at
48:12
Speaker 1: the pointy end seemed to almost have to ask permission
48:14
Speaker 1: to shoot at an enemy. The generals, of course, they'
48:18
Speaker 1: ducking for cover because they see the glory that they
48:21
Speaker 1: want to get. And we've just got to back the troops.
48:23
Speaker 1: I don't blame them for being angry. I'm angry for them.
48:26
Speaker 1: I've never stood in uniform in Australia's name. I've done
48:29
Speaker 1: other things, but I want to back aunt them, every
48:32
Speaker 1: single one of them, all the way through after the
48:35
Speaker 1: conflict as well as during the conflict. Thank you for
48:37
Speaker 1: what they do.
48:41
Speaker 2: Hey, I quick grab here from President Biden today, have
48:44
Speaker 2: a listen.
48:46
Speaker 17: Donald Trump lost two debates to me in twenty twenty,
48:48
Speaker 17: San Sandy adn't shown up for debate. No, exactly what
48:51
Speaker 17: you want to debat me again or make my day pal,
48:54
Speaker 17: I'll even do it twice. So let's pick the dice. Donald,
48:57
Speaker 17: I hear you free on Wednesdays.
49:01
Speaker 2: Honestly, Daniel, does he realize that these will be live debates.
49:05
Speaker 3: It'll have to get out.
49:07
Speaker 2: There and tussle with Trump. And to me, it's got
49:10
Speaker 2: the hallmarks of that movie, you know, Weekend at Bernie
49:13
Speaker 2: Is where you basically have to prop up a dip.
49:18
Speaker 11: Well, it's not far from that. Look, Trump has shown
49:22
Speaker 11: his capacity to be a very effective debate. We saw
49:24
Speaker 11: that in twenty and sixteen. I don't know how Biden's
49:27
Speaker 11: going to go here. I know that based on the information,
49:30
Speaker 11: it's going to be you know, left leaning panelists. So
49:33
Speaker 11: we'll see how it goes. But look, I think Trump
49:36
Speaker 11: is going to smoke him in these debates.
49:40
Speaker 3: Well all watch so closely.
49:41
Speaker 2: Jens, thank you, thank you you at home too. It's
49:44
Speaker 2: been a very busy budget week. Great to have your company.
49:46
Speaker 2: I'll be back at Monday six o'clock.
49:49
Speaker 3: Here's Andrew