Transcript

Credlin | 26 March · Credlin

0:02
Speaker 1: Peter Krandland live on Sky News Australia.
0:08
Speaker 2: Well, it's a day after the budget, isn't it good evening?
0:10
Speaker 2: Welcome to show all the analysis tonight of what went
0:13
Speaker 2: down with the treasurer last night. Arlaman House here on kredline.
0:17
Speaker 2: Let's get into it. For all the treasurers talk that
0:19
Speaker 2: we heard would turn the budget corner, he says, the
0:22
Speaker 2: reality is it's all about spin. We'll call that out tonight.
0:25
Speaker 2: Ross Greenwood would join me last former treasury insider David Pearl.
0:29
Speaker 2: A lot more coming up as I take you through
0:32
Speaker 2: what's really in those budget books, and now to Peter
0:36
Speaker 2: Dundon Tomorrow night he'll need to give the speech of
0:38
Speaker 2: his life and as every indication he's got a big
0:40
Speaker 2: announcement coming. Andrew Clanelle shortly with more plus election speculation,
0:45
Speaker 2: it's now in overdrive. Reports of PM could call it
0:49
Speaker 2: tomorrow but actually go on Friday. Now pretty unconventional, but
0:54
Speaker 2: it would smother the opposition leader's budget reply to cunning
0:58
Speaker 2: even for labor desperate, so don't rule it out and
1:02
Speaker 2: with no good story to tell, no vision for the future.
1:05
Speaker 2: The question is now was the budget last night enough
1:08
Speaker 2: for labor? To hang on to power.
1:12
Speaker 3: Just seventy cents a day in fifteen months. Time's going
1:15
Speaker 3: to help them with their mortgage, energy insurance and grocery
1:19
Speaker 3: bills today.
1:20
Speaker 4: Every single measure they have opposed, every single one.
1:24
Speaker 5: Isn't this a budget for the next five weeks, not
1:27
Speaker 5: the next five years?
1:29
Speaker 6: If you really cared about the cost of living, you
1:31
Speaker 6: would have voted for our tax cuts.
1:35
Speaker 2: For first, last night's budget it was a shocker and
1:39
Speaker 2: it's been very badly received, and that's not surprising really,
1:43
Speaker 2: as it's the budget the government never wanted to deliver,
1:47
Speaker 2: as it had no good story to tell, no credible
1:50
Speaker 2: plan for a stranger's future. Hence fig Jam Jim's pathetic
1:54
Speaker 2: claims that the forecast were better than they'd been at
1:57
Speaker 2: the end of the pandemic, risory insulting offer of five
2:02
Speaker 2: dollars a week in terms of a tax cut sometime
2:05
Speaker 2: next year, seventy cents a day, and the PM he
2:10
Speaker 2: expects his government to be rewarded for this by giving
2:13
Speaker 2: him and the Greens a second term. You've got to
2:17
Speaker 2: be kidding.
2:19
Speaker 5: What we see in this budget is a budget for
2:21
Speaker 5: the next five weeks, not the next five years. What
2:23
Speaker 5: they're offering Australians is seventy cents a day in a
2:26
Speaker 5: year's time, at a time when a typical Australian family
2:29
Speaker 5: with a mortgage has had to find fifty thousand dollars.
2:34
Speaker 5: And that's why Labor is having to put band aids on.
2:36
Speaker 2: Belove.
2:36
Speaker 5: You know it's a cruel hoax. This is just an
2:38
Speaker 5: election bribe. Seventy cents a day in a year's time.
2:40
Speaker 2: Seriously, as if that the seventy cents a day in
2:45
Speaker 2: a year's time somehow makes up for an eight percent
2:47
Speaker 2: plus four in our living standards two successive years of
2:52
Speaker 2: falling GDP per person. And it was, and as I
2:55
Speaker 2: showed you last night, the average Australian left thousands of
2:59
Speaker 2: dollars worse off thanks to massively higher mortgage repayments, high rents,
3:04
Speaker 2: grows through price inflation, falling real wages, surging power bills,
3:09
Speaker 2: and much higher tax through bracket creep. All of this
3:13
Speaker 2: since this sorry excuse of the government was elected three
3:15
Speaker 2: years ago. And that's even after the government's various handouts
3:19
Speaker 2: trying to use your money to compensate you for its
3:22
Speaker 2: policy failures. Just have a look at this admission hidden away.
3:26
Speaker 2: In the fine print of the budget papers, it reveals
3:29
Speaker 2: in black and white that with our taxpayer rebates, so
3:32
Speaker 2: your money given back to you, power bills would be
3:35
Speaker 2: some forty five percent higher. This from a government that
3:40
Speaker 2: promised to cut those bills by two hundred and seventy
3:43
Speaker 2: five dollars per household.
3:45
Speaker 7: Per year, reducing power prices by two hundred and seventy
3:49
Speaker 7: five dollars.
3:50
Speaker 8: Reducing power prices by two hundred and seventy five dollars.
3:52
Speaker 9: By twenty twenty five, two hundred and seventy five dollars
3:55
Speaker 9: a year.
3:56
Speaker 10: One hundred and seventy five dollars a year will get.
3:59
Speaker 9: Power prices down by two hundred and seventy five dollars.
4:02
Speaker 8: A year, two hundred and seventy five dollars for the
4:05
Speaker 8: average house lower in twenty twenty five than today.
4:10
Speaker 2: And good on the heralds on today who called this
4:12
Speaker 2: broken promise out The budget was simply a succession of
4:16
Speaker 2: electoral bribes without even the usual pretense of policy justification.
4:21
Speaker 2: Here are just some of the headlines today, even from
4:23
Speaker 2: some of Labour's usual fans. Tax cut and run, said
4:28
Speaker 2: the Sydney Morning Herald. Read alert record cash crash, said
4:33
Speaker 2: The Australian, The Daily Telegraph from New South Wales, where
4:36
Speaker 2: they mocked the treasurer as five dollars a week tax
4:38
Speaker 2: cut as Jim Pickings saying as well, you know, it's
4:42
Speaker 2: a drop in the ocean. In the Sydney Morning Herald,
4:46
Speaker 2: Ross Gittens called the government timid, aren't inspired and aren't inspiring,
4:51
Speaker 2: and then he said this budget fits it perfectly. In
4:55
Speaker 2: the Australian Financial Review, pil Corey said that the budget
4:59
Speaker 2: was a rough set of no that was tarted up
5:01
Speaker 2: with a tax cut and some upbeat forecasts, a bit
5:04
Speaker 2: like putting lipstick on a pig, and in what should
5:07
Speaker 2: be a warning to every Australian, Kouri said heavy spending
5:12
Speaker 2: will come back to bite, just look at Victoria. Jenny Hewett,
5:16
Speaker 2: also in the fun Review, said it was little more
5:18
Speaker 2: than helping labour limp back into office in a few
5:20
Speaker 2: weeks and that the smallness of thinking leaves the nation
5:25
Speaker 2: marooned in a sea of debt. Paul Kelly and The
5:28
Speaker 2: os Will he labeled the budget as a budget that
5:31
Speaker 2: fails the nation. Tom Jusevic also in The ods Will,
5:35
Speaker 2: he called it gutlass the Papers, Simon Benson said the
5:39
Speaker 2: election gamble reveals the death of ambition if Victoria The
5:44
Speaker 2: Herald sign went after the five dollar tax cut as
5:46
Speaker 2: Jim's coffee shot, even though we all know that coffee
5:49
Speaker 2: is a lot more than five dollars sometimes and that
5:52
Speaker 2: the nation's deck bomb, it said, will blow up our future.
5:57
Speaker 2: Spending hits a four year high outside of the pandemic,
6:00
Speaker 2: roared the Finn Review. In the same paper, Richard Holden
6:04
Speaker 2: declared Charmers is wrong. The worst is not behind us.
6:07
Speaker 2: It's yet to come. To put it modestly, this isn't
6:11
Speaker 2: real reform, said Greg Brown in The Australian were still
6:15
Speaker 2: Former Treasury official David Pearl, writing for The Australian Today,
6:19
Speaker 2: called it a miserable failure, a budget of neglect we
6:22
Speaker 2: didn't need, built on deceptive comparison. We'll speak a bit
6:27
Speaker 2: later to David Pearl on the Show on Defense. Cameron
6:29
Speaker 2: Stewart wrote, big talk of threat, little funds action and
6:33
Speaker 2: the former editor in chief of The Financial Review, Michael
6:36
Speaker 2: Stutchbrey well he said it was a budget without a
6:39
Speaker 2: budget policy now in the Q and a session that
6:42
Speaker 2: followed his speech to the Press Club Today in Canberra,
6:46
Speaker 2: The Treasurer faced heat from almost all of the journalists
6:49
Speaker 2: in the room, including some not although but some that
6:53
Speaker 2: he would have thought were labor friendlies.
6:56
Speaker 11: Why are you exploring the lack of awareness from the
7:00
Speaker 11: voting public about where and how all that extra tax
7:04
Speaker 11: revenue you've got is being spent, not saved?
7:08
Speaker 9: And the budget is about making room for these sorts
7:11
Speaker 9: of things, which are tax cuts, cost of living relief
7:13
Speaker 9: and investments in medical Is that double counting because you sure, yes,
7:16
Speaker 9: you've made previous savings over this term of parliament, but
7:19
Speaker 9: that doesn't necessarily give you a new saving to fund
7:22
Speaker 9: a new.
7:23
Speaker 2: Initiatives so that this budget is not a season for
7:26
Speaker 2: get documents.
7:27
Speaker 4: My question, Treasurer is do you feel like a hypocrite today?
7:34
Speaker 2: I mean, to put it bluntly, whose backside handed to
7:36
Speaker 2: him by the journalist today? As anyone who's been paying
7:39
Speaker 2: attention to Camberino's the government's entire election strategy is to
7:43
Speaker 2: promise so called cost of living relief handouts and then
7:46
Speaker 2: to claim that Peter Dutton will take them all away.
7:49
Speaker 2: Now that's all they've got, not an economic plan to
7:52
Speaker 2: save the country, just a political plan to try and
7:55
Speaker 2: save themselves. They were all added again in the Parliament today,
7:59
Speaker 2: pulling the stunt of legislating there's seventy cents a day
8:02
Speaker 2: tax cut, just so that they can say Dutton will
8:06
Speaker 2: oppose it.
8:08
Speaker 3: Just seventy cents a day in fifteen months time is
8:11
Speaker 3: going to help them with their mortgage, energy insurance and
8:14
Speaker 3: grocery bills.
8:15
Speaker 12: Today, if you.
8:16
Speaker 6: Really cared about the cost of living, you would have.
8:18
Speaker 9: Voted for our tax cuts.
8:20
Speaker 13: This does set up.
8:21
Speaker 9: A very substantial contrast at the next election between this
8:26
Speaker 9: side of the House helping strategy with the cost of
8:28
Speaker 9: living and cutting taxes for every Australian taxpayer.
8:34
Speaker 2: Look at the face of his colleagues there behind him.
8:37
Speaker 2: They're not buying the Treasurer's spin. They're deeply worried about
8:40
Speaker 2: their seats and they know they're in trouble. Now. As
8:44
Speaker 2: a nation, we are in deep trouble. Our standard of
8:48
Speaker 2: living's falling, our economies declining, our society will it's divided,
8:52
Speaker 2: and our security is vanishing. And it will only all
8:55
Speaker 2: get worse if the government's re elected, because the only
8:58
Speaker 2: way they can hold onto power is with the Frankenstein
9:02
Speaker 2: option of an Albanezy Bent alliance. Now, please Peter Dutton,
9:06
Speaker 2: give us something worth voting for tomorrow night, I said
9:11
Speaker 2: on Monday, this needs to be the speech of his
9:14
Speaker 2: life for Australia's sake. We hope it is all eyes
9:23
Speaker 2: again tonight to Camber, isn't it. We'll go there now
9:25
Speaker 2: for the headlines. Sky News political reporter at Reuben Spargo.
9:29
Speaker 1: Labor is attempting to seize on the coalition's opposition to
9:33
Speaker 1: tax cuts. In a surprise showdown, the Albanesi government introduced
9:38
Speaker 1: the legislation. That bill passed the House of Representatives with
9:41
Speaker 1: the support of the Greens and Independents. The coalition voted
9:45
Speaker 1: against it.
9:46
Speaker 10: They are delulu with no salulu, mister Smakap.
9:50
Speaker 1: The tax cuts will cost the budget seventeen point one
9:53
Speaker 1: billion dollars over the four year forecast period.
9:56
Speaker 14: This Labor party has racked up a true dollars of debt,
10:02
Speaker 14: are trillion dollars, and they're saying to Australians, be grateful,
10:06
Speaker 14: be thankful because seventy cents a day is coming your way.
10:10
Speaker 1: The opposition could still propose its own tax changes. The
10:15
Speaker 1: budget is setting up a campaign clash on whether Labor
10:18
Speaker 1: or Liberals are the better economic managers. The papers show
10:22
Speaker 1: a deficit of forty two point one billion dollars this year.
10:26
Speaker 9: What the budget is all about is providing cost of
10:30
Speaker 9: living relief.
10:31
Speaker 1: A pre election spending spree means no return to budget
10:34
Speaker 1: balance until twenty thirty five at the earliest.
10:37
Speaker 5: This is a budget for the next five weeks, not
10:40
Speaker 5: for the next five weeks.
10:42
Speaker 1: The Opposition will deliver its budget or apply speech tomorrow evening,
10:46
Speaker 1: and in the Senate it.
10:48
Speaker 12: Often stinking in an attention.
10:51
Speaker 1: Senate Sarah Hanson Young is opposing proposed law changes to
10:55
Speaker 1: protect salmon farming in Tasmania.
11:00
Speaker 2: It's stunts in the greenhouse and the red House. Tuesday.
11:02
Speaker 2: We'll get to ross green with analysis the budget in
11:05
Speaker 2: the moment, but it's been dominated today by the politics,
11:08
Speaker 2: not so much the fiscal outcomes. Enjoying me how to
11:10
Speaker 2: get into that. Sky's Political editor Andrew Cleannell, Andrew, welcome,
11:15
Speaker 2: we're really getting into the business end of things today. Hey,
11:18
Speaker 2: I thought you nailed it last night when you ran
11:21
Speaker 2: into the Treasurer and the Finance Minister in the lock
11:24
Speaker 2: up over the whole centerpiece of his tax cuts. Let's
11:28
Speaker 2: have a look again.
11:29
Speaker 9: So these tax cuts in isolation are relatively modest.
11:32
Speaker 4: Found modest there worth about that much a.
11:35
Speaker 9: Week in combination, in combination with the tax cuts that
11:40
Speaker 9: we're already delivering, the average.
11:41
Speaker 4: Tax cuts about fifty bucks a week. So pineapple, you
11:45
Speaker 4: don't get them a pineapple this time. You're just you're
11:48
Speaker 4: giving people a cup of coffee a week.
11:49
Speaker 5: Can't you.
11:50
Speaker 9: Well, this is about topping up the tax cuts which
11:52
Speaker 9: are flowing already.
11:55
Speaker 13: I love that.
11:55
Speaker 2: That's the five dollar note that he wants to take
11:57
Speaker 2: the queen off the front of. But Katie Gallaha face
12:00
Speaker 2: behind you was like you just ran over her cat.
12:04
Speaker 2: You backed it up today though in the press club
12:06
Speaker 2: remarks your question to the treashuil, let's have listened to
12:09
Speaker 2: that as well.
12:10
Speaker 4: A budget that delivers generational debt without the generational dividend,
12:14
Speaker 4: a tree and dollars in debt and growing deficits as
12:17
Speaker 4: far as the eye can see, but barely anything else
12:20
Speaker 4: designed to survive beyond the election. And that's the biggest
12:24
Speaker 4: risk in this budget. Instead of laying out in economic vision,
12:28
Speaker 4: the government focuses on managing political perception.
12:31
Speaker 12: Both of those.
12:34
Speaker 2: It was a bit longer, but you did warn him
12:36
Speaker 2: the start he wasn't going to like the question. It
12:38
Speaker 2: clearly didn't. I mean, I just went through most of
12:40
Speaker 2: the papers today, journalists that labor would have thought were friendly,
12:45
Speaker 2: and a lot of the questions to him today. It's
12:48
Speaker 2: not gone down well this budget. They desperately need it
12:51
Speaker 2: to go well though, for their political survival. So do
12:53
Speaker 2: you think they've done enough to save their hide last night? Yeah?
12:58
Speaker 4: And what I was quoting there was Charmer's own words
13:01
Speaker 4: in May twenty twenty one, the last budget, well the
13:05
Speaker 4: second last budget actually before the twenty twenty two elections.
13:08
Speaker 4: So I was pointing out, this is what you said
13:10
Speaker 4: about their budget. Look at your budget. It's the same
13:12
Speaker 4: as a tree dollars debts full of deficits for a decade.
13:16
Speaker 4: And that's where you saw that other segment where I
13:20
Speaker 4: finished off by saying, are you a hypocrite? Or don't
13:22
Speaker 4: you feel a hypocrite?
13:23
Speaker 12: And you should?
13:24
Speaker 13: Now the tax cut thing.
13:26
Speaker 4: Was sort of a seventeen bion dollar look over here,
13:29
Speaker 4: which was quite effective with the paper cut coverage and
13:32
Speaker 4: the tabloid paper coverage, and fair enough to people are
13:34
Speaker 4: more interested in the tax cuts than the numbers, as
13:37
Speaker 4: small as they might be, but ultimately they were never
13:41
Speaker 4: going to get away with not copping some heat over
13:44
Speaker 4: the deficits out there though people probably only talking about
13:48
Speaker 4: the cost of living relief, let's face it.
13:49
Speaker 13: So can they get away with it? They might?
13:52
Speaker 4: They might, But I expect pet It up in the
13:54
Speaker 4: budget reply speech to outline bigger tax cuts. That's what
13:57
Speaker 4: I'm anticipating. Certainly got the signal that there's going to
14:01
Speaker 4: be something in there that that will be a response
14:04
Speaker 4: to this, which I would assume was that, and I
14:06
Speaker 4: don't think that was the original plan. Both sides have
14:09
Speaker 4: been playing a game of bluff. Who's going to come
14:11
Speaker 4: first with tax cuts and will match? Now the government
14:14
Speaker 4: would look silly if they match whatever Peter Dutton has.
14:16
Speaker 4: But Peter Dutton's challenge now is to show that he
14:19
Speaker 4: can give bigger tax cuts but smaller deficits. Now, I
14:23
Speaker 4: think Jim Chalmers has made to mistakes. One is he
14:26
Speaker 4: should have not just quickly say been.
14:28
Speaker 2: There on Peter Dunton, Yeah go on, okay, you go,
14:30
Speaker 2: you go.
14:32
Speaker 13: Well, I think I think he could have.
14:35
Speaker 4: I think he could have saved harder. I think he
14:37
Speaker 4: could have done more and not to worry and to
14:40
Speaker 4: fund election promises like I think it's a bit of
14:42
Speaker 4: laziness on him and Katie Gallaha's part not to work
14:46
Speaker 4: harder to get a better bottom line. You know, we've
14:49
Speaker 4: got very low unemployment in this country. You've got the
14:53
Speaker 4: mining company taxes, et cetera flowing, you've got the income
14:57
Speaker 4: tax flowing. So he could have done more in that area,
15:02
Speaker 4: and maybe his colleagues in the PM didn't help him out,
15:04
Speaker 4: who knows. But I also think that could have allowed
15:07
Speaker 4: him to promise a bigger tax cut and that would
15:10
Speaker 4: have taken Peter Dutton's ground. So there's opportunity for Peter Dutton,
15:14
Speaker 4: but it's a very contested space because he'll have to
15:17
Speaker 4: illustrate where he's going to make the savings, and without
15:20
Speaker 4: the power of incumbency, that can be a difficult thing
15:23
Speaker 4: to do.
15:26
Speaker 2: As I make a couple of comments there, and I
15:28
Speaker 2: think you're shrewd in your analysis there that he could
15:30
Speaker 2: have done more hand hasn't done it. I think that's
15:33
Speaker 2: in part because they never thought they were going to
15:34
Speaker 2: deliver that budget. And if he doesn't think he's going
15:36
Speaker 2: to deliver it, the colleagues don't fear the ERC process,
15:40
Speaker 2: they don't pony up for savings that they have to
15:42
Speaker 2: the cuts aren't made. You've got Katie Gallaha. I mean,
15:45
Speaker 2: she represents Canberra. She's not going to take the knife
15:48
Speaker 2: to the public service. So I think that's part of
15:50
Speaker 2: the problem here. I would be very concerned with any
15:56
Speaker 2: analysis of Peter Dutton's going to have a big, all
15:58
Speaker 2: singing or dancing tax cut tomorrow, because I can say
16:00
Speaker 2: from opposition modeling complex tax cuts is not easy. It's
16:05
Speaker 2: why I run in O seven basically matched what Costello
16:08
Speaker 2: I had on the table. And I also think if
16:10
Speaker 2: the government has got seventy cents a day on the
16:13
Speaker 2: table as their tax cut seventy cents a day, I
16:15
Speaker 2: think most Australians find that insulting. If the Opposition was
16:19
Speaker 2: even to double it, it's only a dollar forty. I
16:22
Speaker 2: mean people are facing a hike in their mortgage under
16:25
Speaker 2: this government of fifty thousand dollars and to end up with,
16:28
Speaker 2: you know, six dollars seventy by the end of the
16:31
Speaker 2: week as opposed to Labour's five dollar bill. I mean,
16:34
Speaker 2: I don't think that's going to cut it. I think
16:36
Speaker 2: Dutton should be doing something like the indexation of tax
16:41
Speaker 2: rates so that you get out of this bracket creep situation.
16:45
Speaker 2: That's bold, that's very big, and it avoids that contrast
16:49
Speaker 2: with labor or one's given me five bucks a week,
16:52
Speaker 2: ones give me six dollars fifty But none of that
16:54
Speaker 2: goes near the pain I'm facing at a household levels.
16:59
Speaker 2: That might be.
17:00
Speaker 4: But wouldn't that I mean, he might try that, but
17:02
Speaker 4: wouldn't that cost so much? I mean, I don't have
17:05
Speaker 4: the numbers in.
17:05
Speaker 12: Front of it.
17:06
Speaker 2: Dependol depends where it is, depends where it is in
17:11
Speaker 2: the forward estimates. I mean, Gillard made an art form
17:14
Speaker 2: out of promising things on the long finger towards the
17:16
Speaker 2: end of the ourt years she did, and no offense, mate,
17:20
Speaker 2: but most of the gallery brought it, So it depends
17:22
Speaker 2: where it slides in the forward estimates.
17:27
Speaker 4: Well, yeah, you can do that, but then people are
17:30
Speaker 4: going to attack him the way you're attacking Gillard over it.
17:32
Speaker 4: And you know funny about Gillard, isn't it. The ndis
17:35
Speaker 4: which Tony Abot supported, is worth is worth twice? Is
17:41
Speaker 4: worth twice what the deficits are now?
17:44
Speaker 12: You know? So?
17:46
Speaker 4: Yeah, I mean you can really build some land mines
17:48
Speaker 4: in there. He's going to be held to account on this,
17:50
Speaker 4: whether it's in the forwards or not, because we have
17:53
Speaker 4: projections of a decade of deficits. So I think it's
17:56
Speaker 4: a tough ask for him. I don't think there's an easy,
17:59
Speaker 4: easy way in. But look, I think it'll be bolder
18:03
Speaker 4: than doubling the tax cuts promise. It will definitely be
18:05
Speaker 4: better than the tax cuts promise. He needs to show
18:08
Speaker 4: us the savings.
18:11
Speaker 2: Yeah, I think it's a hamburger and milkshake in the
18:13
Speaker 2: Vanstone parlance, to touch the numbers there. I think reform,
18:17
Speaker 2: true reform and bracket creeps where it should go. But
18:19
Speaker 2: we'll see an election timing talk now that they might
18:23
Speaker 2: put it on Friday, perhaps even announce it tomorrow and
18:26
Speaker 2: cruel Dutton's pitch, but actually go to the polls from Friday.
18:32
Speaker 2: What are you hearing.
18:35
Speaker 4: I'm hearing the PM hasn't made up his mind. He'll
18:37
Speaker 4: probably make up his mind with colleagues in the morning
18:40
Speaker 4: and it could be Friday, Saturday or Sunday. But I
18:43
Speaker 4: don't expect him to hang around. I'd prefer Sunday myself,
18:45
Speaker 4: because but I mean, look, it's you know, it's this
18:51
Speaker 4: uncertainty kills you and I haven't seen this uncertain in
18:55
Speaker 4: most elections. Most elections you get some sort of steer.
19:00
Speaker 4: I don't see the value in Friday, really, especially if
19:03
Speaker 4: he promises bigger tax cuts.
19:05
Speaker 12: What's the value.
19:06
Speaker 2: I think it looks funny.
19:07
Speaker 4: So I think you get a better I think you
19:09
Speaker 4: get a better run out of Sunday. But I honestly
19:12
Speaker 4: think it's up in the air, and it seems like
19:14
Speaker 4: some colleagues must be pressing in for Friday. Probably this
19:17
Speaker 4: sort of tricky thing you're talking about. One of the
19:20
Speaker 4: liberal guys actually said to me, I'd do Friday. It
19:22
Speaker 4: turns of trying to cutting off at the knees. But
19:25
Speaker 4: I don't think it would do that much.
19:27
Speaker 13: Really.
19:28
Speaker 4: I think, look, if you're going to ask a bit
19:29
Speaker 4: of bet on it, I'm betting Sunday.
19:33
Speaker 2: Look it is what it is, It'll be what it is,
19:36
Speaker 2: and we'll be ready to run when that's the case.
19:38
Speaker 2: Thank you, Andrew. Let's get that was the politics of Andrew.
19:41
Speaker 2: Let's get into the economic analysis now, SKYS owned business
19:44
Speaker 2: editor Ross Greenwood. Ross welcome. I'll get into the specifics
19:48
Speaker 2: in a moment. There's a couple of headlines I want
19:50
Speaker 2: to get through, but your top line view of what
19:53
Speaker 2: we saw last night.
19:55
Speaker 15: I just think that it's modest, it's meek, It's designed
19:59
Speaker 15: to try and win a leag and the fact of
20:01
Speaker 15: the matter is that it leaves Australia without aspiration and
20:04
Speaker 15: with a lack of competitiveness. And I think really neither
20:07
Speaker 15: party so far has really addressed that issue that Australia
20:11
Speaker 15: has lost competitiveness, is losing investment, has lost momentum in
20:16
Speaker 15: terms of the economy, and the one thing that could
20:18
Speaker 15: really delivered genuine tax reform and cuts is getting this
20:22
Speaker 15: economy going and off its backside.
20:27
Speaker 2: Last night event to bed with budget paper one. I know,
20:30
Speaker 2: A lead a boring life for.
20:32
Speaker 13: You've got.
20:35
Speaker 2: Receipts. Receipts up four point five percent, payments six point
20:39
Speaker 2: three percent, net interest payments on debt twenty four percent,
20:42
Speaker 2: deficit fifty two percent increased. That's not to mention gross
20:46
Speaker 2: dead It's over trillion dollars next year and growing every
20:50
Speaker 2: year thereafter. CPI still expected though, to be outpacing GDP growth.
20:55
Speaker 2: Now this and GDP growth modest two point two five percent.
20:59
Speaker 2: This means people are going still go to the grocery store.
21:01
Speaker 2: They're going to still see prices go up. Faster than
21:04
Speaker 2: their ability to pay for what they need. The Treasurer says,
21:08
Speaker 2: we've turned the corner. Mate reading budget paper one, we
21:11
Speaker 2: have not turned the corner.
21:13
Speaker 15: Now, and well, look one of the other things that's
21:15
Speaker 15: out there that you didn't mention his wages. Their expectation
21:18
Speaker 15: is that wages are going to outstrip inflation. And so
21:21
Speaker 15: the interesting part about that is if wages are running
21:24
Speaker 15: stronger than inflation, generally, that's inflationary. You've got a government
21:29
Speaker 15: that's spending fast, so that's inflationary. Though the government doesn't
21:32
Speaker 15: want to want you to look at the government, but
21:34
Speaker 15: it's the thing that's really taken out something like three
21:37
Speaker 15: and a half thousand dollars on average through bracket creep
21:40
Speaker 15: from people's pay over the past three years or so,
21:43
Speaker 15: and now they're going to deliver it basically what they're
21:46
Speaker 15: talking you know, five dollars a week or fifty dollars
21:49
Speaker 15: a week in total in.
21:51
Speaker 13: Terms of these tax cuts.
21:52
Speaker 15: So you know, that's where it really doesn't wash because
21:55
Speaker 15: the government ultimately has taken so much money in but
21:59
Speaker 15: then bake in that spending plus more into the years
22:03
Speaker 15: that it really is a situation where the government has
22:06
Speaker 15: left Australia and its economy vulnerable to external shocks. And
22:11
Speaker 15: the one thing here and I talked about very modest
22:14
Speaker 15: economic growth. If you have a look at that, basically
22:16
Speaker 15: saying that the Australia's economy, the best it will do over
22:19
Speaker 15: the next four or five years is two and three
22:21
Speaker 15: quarters percent, when the long run average for Australia's economy,
22:25
Speaker 15: just when it's just ticking along, is three percent. It
22:28
Speaker 15: shows that they really have not got big ambitions for
22:31
Speaker 15: our economy. And as I say, if you want to
22:33
Speaker 15: get more money in the government's coffers, if you were
22:36
Speaker 15: to hand out more tax cuts, you've got to get
22:38
Speaker 15: this country competitive. You've got to get a rocking and
22:41
Speaker 15: you've really got to start to actually get some economic
22:44
Speaker 15: growth out of this. But at the settings, at the moment,
22:46
Speaker 15: it's going the other way. And that's the tragedy. The
22:49
Speaker 15: other little one about it is, of course we've got
22:51
Speaker 15: very high tax rates in this country. This is where
22:53
Speaker 15: competition lasts. I've got a couple of things to show
22:55
Speaker 15: you tonight. I want to show you this one. Just
22:57
Speaker 15: a little reminder. Remember Winston Church basically had this wonderful
23:02
Speaker 15: quote and it says, for a nation to try to
23:04
Speaker 15: tax itself to prosperity is like a man standing in
23:07
Speaker 15: a bucket trying to lift himself up by the handle.
23:10
Speaker 15: To think about that, you cannot tax your way to prosperity.
23:14
Speaker 15: I want to show you something else. Have a look
23:15
Speaker 15: at Australia try to tax its way to prosperity. These
23:19
Speaker 15: are basically the rates of what we are corporate tax
23:23
Speaker 15: rates thirty percent, Singapore seventeen percent, US twenty one, Europe
23:27
Speaker 15: twenty one, UK twenty five. Effectively, we are trying to
23:31
Speaker 15: tax our way to prosperity rather than making ourselves competitive.
23:36
Speaker 13: So if there is a challenge for Peter Dutton.
23:38
Speaker 15: It is to bring the narrative to reduce taxes in Australia,
23:43
Speaker 15: to take the punt that by doing that you can
23:46
Speaker 15: get the country moving, get that economic growth going, stop
23:49
Speaker 15: money leaving, an investment leaving this country, and actually get
23:53
Speaker 15: the country going again.
23:54
Speaker 13: Because that's the problem right now.
23:56
Speaker 15: The economy under the government, under previous governments has effectively stagnated.
24:03
Speaker 2: Could not agree more and I love that quote from
24:06
Speaker 2: Winston Hey. Today we talk about big business and we
24:10
Speaker 2: do that quite a bit. I want to focus though
24:11
Speaker 2: on small business. The Treasurer was caught out playing ducks
24:15
Speaker 2: and drakes with the instant asset right off for small
24:18
Speaker 2: business that ends this current financial year. It forced a
24:22
Speaker 2: hold of the cross benches out. He was trying to
24:24
Speaker 2: say the stendate was said it was stalling on it.
24:27
Speaker 2: They're not. They pushed him to get it through the parliament.
24:31
Speaker 2: Did you pick this up? What's support's here?
24:34
Speaker 15: So he is a thing, So it's not in the budget.
24:37
Speaker 15: So they've taken it out of the budget. So effectively
24:39
Speaker 15: it's a cost saving for them. And yet every small
24:42
Speaker 15: business that wants to invest, that wants to go and
24:45
Speaker 15: have twenty thousand dollars that they've had as an incidant
24:48
Speaker 15: right off at the end of this year, Well, it's
24:49
Speaker 15: not going to happen. The government hasn't been able to
24:52
Speaker 15: navigate it through the parliament. The government's basically been slow
24:56
Speaker 15: and not put enough of that legislation up before the parliament,
25:00
Speaker 15: saying that basically the independences have tried to play ducks
25:02
Speaker 15: and drakes with other legislation to allow it to go through.
25:05
Speaker 15: But the fact of the matter is that the government
25:06
Speaker 15: has just taken it out of the budget. So where
25:09
Speaker 15: is that as support for the actual people that you've
25:12
Speaker 15: set in the budget that you want to get investing in,
25:15
Speaker 15: moving and going again to help the economy to grow
25:18
Speaker 15: faster again, Beggar's belief about whether this government has genuinely
25:23
Speaker 15: been any competitive tax policy, energy policy, industrial relations policy.
25:28
Speaker 15: These are all things that have driven big business to
25:32
Speaker 15: invest more in the United States, where they get a
25:34
Speaker 15: better bang for their buck. You've got to attract more
25:37
Speaker 15: of that money and investment here to Australia. That is
25:40
Speaker 15: the challenge for Jim Charmers, that is the challenge for
25:44
Speaker 15: Peter Dutton to try and encourage more businesses to invest
25:48
Speaker 15: here in Australia and also to keep more of the
25:50
Speaker 15: money if they actually make a profit and do well
25:53
Speaker 15: and therefore employ more people, get the whole.
25:56
Speaker 13: Thing rolling again.
25:57
Speaker 15: Because at the moment, as I say, with the government
25:59
Speaker 15: being the biggest employer with its programs and directly through
26:03
Speaker 15: just more public servants, that is not productive, that is
26:06
Speaker 15: not making Australia more competitive, that is not driving investment
26:10
Speaker 15: into this country.
26:11
Speaker 13: And then on top of that you suddenly a ton
26:13
Speaker 13: your pleb.
26:13
Speaker 15: Sect today thirty billion dollar investment up on the Northwest
26:17
Speaker 15: Shelf to extend it. She simply said, that's all too hard.
26:20
Speaker 15: We'll push it out to after the election. If you
26:22
Speaker 15: end up with the Greens Labor government afterwards, good luck
26:25
Speaker 15: to thirty billion dollars that's gone.
26:29
Speaker 2: Yeah, but they can still spend on the NDIS. It's
26:31
Speaker 2: at sixty billion dollars. It's double the cost of Medicare.
26:35
Speaker 2: It's eight hundred thousand people. Medicare is all twenty seven
26:38
Speaker 2: million of us. We've got childcare going up in the
26:41
Speaker 2: outer estimates to do eighteen billion dollars a year, and
26:46
Speaker 2: they've scrapped the activity test ross so you don't even
26:48
Speaker 2: have to look over to look after your own kids anymore.
26:52
Speaker 2: For the taxpayer b on the hook. I mean, I
26:54
Speaker 2: just find this extraordinary when I went through all those
26:56
Speaker 2: numbers last night and again today. This is the end
27:00
Speaker 2: of the labor right shepherding and economic budget of some
27:06
Speaker 2: credibility for Australia in the Hawk and Keating tradition. This
27:10
Speaker 2: is the hard left socialist labor come writ large, which
27:14
Speaker 2: will be worse after the election if it's an alban
27:17
Speaker 2: easy band alliance, and that is where we are headed
27:20
Speaker 2: to our great economic shame. We're both pretty fine up
27:23
Speaker 2: tonight sets up with you again. You got to shake
27:29
Speaker 2: your head, don't You got to shake your head?
27:30
Speaker 12: All right.
27:32
Speaker 2: They can't help small business, you heard Ross there, but
27:34
Speaker 2: they can bloat the public service. We'll get to that
27:36
Speaker 2: in a moment. Plus the leak of a strategic war
27:40
Speaker 2: message secret one too to a journalist in the United States.
27:43
Speaker 2: Just how serious can this get for the Trump administration?
27:51
Speaker 2: Welcome back, still to become a shame for lack of
27:52
Speaker 2: funding for our national defense despite the clear acknowledgment last
27:56
Speaker 2: night by the Treasurer about Australia's growing global volatile Tilly
28:01
Speaker 2: now and up here today in Australian struck me as
28:04
Speaker 2: something worth looking at closely. Former Treasury Assistant Secretary David
28:08
Speaker 2: Pearl of an escaping assessment of Labour's budget over its
28:11
Speaker 2: failure to rain in spending. He wrote, this budget fails miserably.
28:16
Speaker 2: It's worse than a sign felled budget as I wrote
28:18
Speaker 2: about last year's effort. It's a budget of neglect and more.
28:22
Speaker 2: David Pearl joins me now, David, welcome. I just touched
28:26
Speaker 2: on this briefly at the end of my discussion with
28:28
Speaker 2: Ross Greenwood, and I'm giving your focus on spending today.
28:32
Speaker 2: I want to go there right now. The NDIS. It
28:35
Speaker 2: remains in the budget's top three spending programs, only behind
28:40
Speaker 2: payments to the States and the overall age care pension.
28:45
Speaker 2: Costs for the scheme projected to saw to more than
28:47
Speaker 2: sixty billion dollars by twenty twenty nine. Now we know
28:51
Speaker 2: they're cracking down on raughts, but this is extraordinary. Sixty
28:56
Speaker 2: billion dollars for a program that services around eight hundred
29:00
Speaker 2: thousand Australians. Now this is double the annual cost of Medicare.
29:04
Speaker 2: We spent about thirty five million on Medicare and that
29:07
Speaker 2: funds every one of us, all twenty seven million Australians.
29:12
Speaker 8: This is a fiscal basket case. Surely, thanks for having
29:17
Speaker 8: me on, Peter, It absolutely is. In fact, even if
29:21
Speaker 8: we assume that future growth of the NDOS remains at
29:24
Speaker 8: eight percent a year, which is not credible at all,
29:27
Speaker 8: I think it'll be close to fourteen as it has
29:29
Speaker 8: been recently unless there's fundamental reform. So even if we
29:33
Speaker 8: assume an eight percent profile by midnext decade, we'll be
29:37
Speaker 8: devoting two point three two point four percent of GDP
29:41
Speaker 8: to the NDOS, which is the same as the annual
29:43
Speaker 8: defense spent.
29:46
Speaker 2: Okay, let's go to childcare because this is also concerned me.
29:49
Speaker 2: Last night there's an extra five billion dollars baked into
29:52
Speaker 2: the budget. Now this is again taxpayers on the hook.
29:56
Speaker 2: If you look at the ourt years, if you look
29:58
Speaker 2: right now, we're spending fifteen billion. Next year, it goes
30:00
Speaker 2: to sixteen by twenty twenty eight, twenty nine, we're paying
30:03
Speaker 2: eighteen billion dollars a year on childcare. And last night,
30:07
Speaker 2: buried in the detail, excuse me, Labor scrapped the activity
30:12
Speaker 2: test for three days a week of subsidized childcare. So
30:16
Speaker 2: why are taxpayers give me the public policy rationale here?
30:21
Speaker 2: Why are taxpayers on the hook to look after the
30:24
Speaker 2: children of any parent who's not in paid work.
30:27
Speaker 8: Why there's absolutely no public policy rationale whatsoever. But there
30:34
Speaker 8: is a compelling political rationale for the government.
30:38
Speaker 12: The Australian.
30:40
Speaker 8: Settlement was originally focused on a strong economy, a high
30:44
Speaker 8: minimum wage to guarantee labor income for everybody, and providing
30:48
Speaker 8: a safety net in the form of unemployment benefits or
30:51
Speaker 8: the old age pension means tested for people that couldn't
30:55
Speaker 8: cope for the vulnerable. What Anthony Alberizi and the left
30:58
Speaker 8: of the Labor Party, which as you say, has taken
31:01
Speaker 8: over that side of politics, is doing is trying to
31:04
Speaker 8: shift from means testing and a strong economy for the
31:08
Speaker 8: middle class and the working class to universal welfare, which
31:12
Speaker 8: is an alien welfare model straight out of Western Europe.
31:16
Speaker 8: And it's a recipe for welfare dependents, a growing political
31:20
Speaker 8: constituency for labor given that the penetration of the union
31:24
Speaker 8: movement is declining. That explains why they're unionizing childcare. So
31:27
Speaker 8: there's no public policy rationale, Peter, but there's a compelling
31:31
Speaker 8: political rationale, and it's part of an explicit bid to
31:35
Speaker 8: change the face of our society. And the cost of
31:38
Speaker 8: welfare dependence and a bloated government sector is low growth
31:42
Speaker 8: and low productivity, and you soon find yourself in a
31:46
Speaker 8: low growth, high debt spiral and you become a second
31:50
Speaker 8: rate country.
31:53
Speaker 2: And my viewers have heard me bang on about this,
31:55
Speaker 2: but I'll say it again. Childcare workers and age care workers,
31:59
Speaker 2: of which I've found members in both, my hat goes
32:02
Speaker 2: off to them. I think they're extraordinary individuals. However, those businesses,
32:07
Speaker 2: broadly speaking, are privately owned businesses, so we get in
32:11
Speaker 2: the budget we see pay increases from taxpayer funds for
32:16
Speaker 2: workers in businesses that are making profit, for corporations and
32:21
Speaker 2: private individuals. Now again, why is a taxpayer? Am I
32:24
Speaker 2: paying the wage increase for someone who's employed by an
32:29
Speaker 2: entity that's going to make a profit.
32:34
Speaker 8: Look, I'm not an expert in the sector, but just
32:36
Speaker 8: having looked at it in the past, Peter, it's about
32:38
Speaker 8: unionization and building the labor parties, decaying industrial and political base.
32:44
Speaker 8: They took childcare and by insisting it be redefined as
32:48
Speaker 8: early childhood education, it had nothing to do with improving
32:51
Speaker 8: education outcomes. What they wanted to do was to extend
32:55
Speaker 8: the reach of our public sector teachers unions into childcare.
33:01
Speaker 8: They made sure that wages and conditions were ratcheted up.
33:06
Speaker 8: That raises costs for childcare consumers, hence the subsidies.
33:13
Speaker 2: It's extraordinary, and of course we've got further evidence today
33:16
Speaker 2: of a bloated public service. That's all confirmed. But I
33:20
Speaker 2: made the point a bit earlier on you cannot expect
33:22
Speaker 2: a labor Senator Kadie Gallagha for Canberra to be tough
33:26
Speaker 2: enough to take the knife to either the head count,
33:30
Speaker 2: all the programs and the current spending out of finance, David,
33:33
Speaker 2: brilliant Peace today in Australian. Keep it up because your
33:36
Speaker 2: comments there about the growth of the big state in
33:39
Speaker 2: Australia being very deliberately done by Labor are incredibly shrewd.
33:44
Speaker 2: Thank you. All right, let's go to defense now. Despite
33:47
Speaker 2: the fact last night, as I said, Treasury acknowledged how
33:51
Speaker 2: uncertain volatile the world is, there was absolutely no budget
33:54
Speaker 2: strategy to deal with the reality of this. Labor has
33:58
Speaker 2: kept on saying that they've got a funding to jectory
34:00
Speaker 2: increase for defense. No they haven't. It's an accounting era
34:03
Speaker 2: last night that they tried to mop up. And someone
34:06
Speaker 2: who knows that, well, somebody's forgotten more about this area
34:09
Speaker 2: than I'll ever remember. Our foreign affairs editor at Australian
34:12
Speaker 2: Greek Sheridan, who joins me. Now, this big talk of
34:17
Speaker 2: a billion dollars being brought forward for submarines and a
34:19
Speaker 2: whole lot of stuff from last night in a defense area, Greg,
34:24
Speaker 2: this is because they've got an accounting hole. This is
34:27
Speaker 2: not new spending.
34:30
Speaker 6: No, Peter, It's wonderful to be back with you after
34:34
Speaker 6: I've been slacking off on holidays. But now look the
34:37
Speaker 6: Alberanza government is a shocking, comprehensive failure on every aspect
34:42
Speaker 6: of national security. In the life of the Albanesi government,
34:46
Speaker 6: government spending has gone up by another three percent of
34:49
Speaker 6: the Australian economy. It used to be twenty four percent
34:52
Speaker 6: of the economy is now twenty seven percent of the economy.
34:55
Speaker 6: When they got into office, defense spending was two percent.
34:58
Speaker 6: Three years later, it's still too percent of GDP as
35:02
Speaker 6: a percentage of government spending its declining. They've embraced the
35:06
Speaker 6: nuclear submarine program, but that means they're going to spend
35:08
Speaker 6: a huge amount of money on nuclear submarines. But they've
35:11
Speaker 6: kept the budget static. They've been tiny, tiny, really increases,
35:15
Speaker 6: but so so small as to be infinitesimal. Also, during
35:19
Speaker 6: the last the last ten years, there has been a
35:22
Speaker 6: big burst of inflation. Defense is not compensated for inflation,
35:27
Speaker 6: so the purchasing power of our defense dollar now is
35:30
Speaker 6: much less than it was even you know, five or
35:33
Speaker 6: six years ago. And all while they tell us that
35:36
Speaker 6: these are the most dangerous strategic circumstances in our history.
35:40
Speaker 13: And to rattle off a couple of.
35:41
Speaker 6: Other things, Alberanez he promised he'd have a strategic fleet,
35:46
Speaker 6: merchant fleet of at least twelve vessels that we could
35:48
Speaker 6: call on in emergencies. He's added exactly zero. The size
35:52
Speaker 6: of the merchant fleet has declined. There's a plan to
35:55
Speaker 6: get three at some point. We've done nothing about fuel storage.
35:59
Speaker 6: It's just mean all hat and no cattle from this government.
36:05
Speaker 2: And in the detail to last night GRIG they've wiped
36:07
Speaker 2: the funding for five thousand and EIGHTYF personnel. That's because
36:10
Speaker 2: they've not met the recruitment target, so they've banked it
36:13
Speaker 2: as a saving.
36:15
Speaker 6: This is a joke, it surely is. It takes nearly
36:20
Speaker 6: three hundred days. If you try to join the Australian Army,
36:24
Speaker 6: it takes you nearly three hundred days to get an answer. Well,
36:27
Speaker 6: the people who we want to join the ADF have
36:31
Speaker 6: other alternatives. They're brilliant young people. They're fit and strong,
36:34
Speaker 6: and they've got degrees and high academic ability and all
36:37
Speaker 6: the rest of it. Now, this is insane, but it's
36:40
Speaker 6: been like this for years and years and years that
36:42
Speaker 6: the government claims it's improved a little bit. They've wiped
36:45
Speaker 6: twenty days or something off the recruit Why does it
36:47
Speaker 6: take three hundred days? It took the Australian half an
36:50
Speaker 6: hour to make the mistake of hiring me forty one
36:53
Speaker 6: years ago. And we've got about ten thousand fewer people
36:58
Speaker 6: in uniform than we had when our population was half
37:01
Speaker 6: the size it is today. And yet everybody in politics,
37:05
Speaker 6: Richard Marles, Anthony Albanese, Peter Dutton, they all say these
37:09
Speaker 6: are the most dangerous strategic circumstances we've faced since World
37:13
Speaker 6: War Two, and then do nothing about it. So this
37:16
Speaker 6: is going to be a disaster because eventually Trump will
37:19
Speaker 6: notice that they're spending barely two percent and often in
37:23
Speaker 6: fact falling underneath two percent, and he'll say, well, why
37:26
Speaker 6: should Americans guarantee Australian security when they won't do anything
37:30
Speaker 6: for themselves. Meanwhile, the Chinese circum it is fair enough.
37:35
Speaker 6: The Chinese circumnavigate Australia. Their one leading warship had one
37:40
Speaker 6: hundred and sixteen or whatever it was vertical launch cells
37:43
Speaker 6: on it. Our poor old Anzac frigates who were trying
37:47
Speaker 6: to shadow them, have sixteen each. And these ludicrous Hunter
37:51
Speaker 6: frigates that we're building taking costing nine billion dollars each
37:55
Speaker 6: and taking longer to build than a nuclear submarine when
37:58
Speaker 6: they arrive, they'll have thirty two vertical launch cells each,
38:01
Speaker 6: so you'd need to take all three hundred frigates to
38:04
Speaker 6: confront just one Chinese ship. Now, this is a government
38:08
Speaker 6: and a nation, sadly, which just doesn't take national security seriously.
38:12
Speaker 6: You know the late Jim Mullen. I don't ont to
38:14
Speaker 6: verbal him, but he said to me more than once
38:15
Speaker 6: defense is a joke in this country, and sadly it's
38:19
Speaker 6: become more of a joke under ALBERNIZI, and the situation
38:22
Speaker 6: has got more threatening, and they've done less and less,
38:25
Speaker 6: and the existing defense force we have is so old
38:28
Speaker 6: and decrepit it's almost got to get an RACB and
38:32
Speaker 6: roadside assistance every time it puts to CEA.
38:36
Speaker 14: Yeah.
38:36
Speaker 2: And of course we only know about the Chinese and
38:39
Speaker 2: that launched the fire launch because of the virgin pilot
38:41
Speaker 2: who was more attentive to our national security than I
38:44
Speaker 2: think many of our ministers. Greg, great to have you back.
38:48
Speaker 2: You've certainly fined up during the break. I think we
38:50
Speaker 2: all have, and we'ok forward to your contribution during the campaign.
38:53
Speaker 2: Thanks very much. Greg shred in there after the break.
38:55
Speaker 2: Why small business are some of the biggest losers out
38:57
Speaker 2: of the budget. We'll get into that. Plus thing get
39:00
Speaker 2: pretty fishy, pretty foul too in the Senate as the
39:03
Speaker 2: greenspool their latest stunt. All right, plenty of other issues
39:11
Speaker 2: around some budget, some otherwise, Let's bring in my pet on,
39:14
Speaker 2: our Liberal Senator of South Australia, Alex Antique An lp MP,
39:18
Speaker 2: the wonderful philled Thompson. Gents welcome. I want to make
39:21
Speaker 2: the point for people at home, the Prime Minister and
39:24
Speaker 2: the Treasurer. They've been on the taxpayer teat most of
39:28
Speaker 2: their working lives, right all the way through from university,
39:31
Speaker 2: just out of university until now. The cars they drive
39:34
Speaker 2: taxpayers pay for them, the petrol that goes in those
39:37
Speaker 2: cars taxpayers. They're on planes that taxpayers pay for. Even
39:41
Speaker 2: the pen in their hand and the coffee they have
39:43
Speaker 2: in the morning, that's all on the taxpayer. These clowns
39:47
Speaker 2: do not live in the real world. So Alex, I
39:51
Speaker 2: can't tell you the number of people who said to
39:53
Speaker 2: be today, given the fact my mortgage has gone up
39:56
Speaker 2: by fifty thousand dollars a year to try and tell me,
40:00
Speaker 2: you know, you're hearing I've got cost of the being paid,
40:02
Speaker 2: like giving me a seventy cents a day tax cult.
40:07
Speaker 2: That's insulting.
40:09
Speaker 12: Yeah, Peter, it really is. It's a hoax.
40:12
Speaker 16: It's a fake tax cut, and there's no question about
40:15
Speaker 16: that at all. I was trying to turn my mind
40:17
Speaker 16: to what seventy cents would buy you when I was
40:20
Speaker 16: a boy, to buy you a pie. These days it's
40:22
Speaker 16: not even to buy you the source that goes on
40:24
Speaker 16: top of the pie. So this is just a ridiculous.
40:27
Speaker 16: It's laughable, and you're absolutely right. I mean, these are
40:29
Speaker 16: the sort of decisions that are made by people who
40:32
Speaker 16: are living in an ivory towel, which is very evident
40:35
Speaker 16: as a result of this, we've got a genuine cost
40:38
Speaker 16: of living crisis out there. We've got people who are
40:40
Speaker 16: doing it tough. We've got insurance costs up thirty percent,
40:44
Speaker 16: gas prices up thirty percent, food prices up a similar
40:48
Speaker 16: sort of amount, and seventy cents is all the Australian
40:51
Speaker 16: people are getting. It's just almost tragically, tragically laughable.
40:58
Speaker 2: If you were in a real world before you came
41:00
Speaker 2: into politics, right and you live in Townsville, towns will
41:03
Speaker 2: steal the real world. This is not going to go
41:05
Speaker 2: down well in a seat like yours.
41:09
Speaker 17: Absolutely not, you know, and Alex is right. We're talking
41:12
Speaker 17: about maybe five dollars a week. That doesn't even get
41:16
Speaker 17: your coffee. You might get a make flurry from MACS,
41:19
Speaker 17: but that doesn't go anywhere near where it needs to
41:22
Speaker 17: go for the cost of living crisis that we're facing now.
41:25
Speaker 17: If you cast your mind back three years ago, we
41:27
Speaker 17: had the Prime Minister and the Treasurer beating the drum,
41:31
Speaker 17: hitting their chest saying you'll be better under.
41:33
Speaker 13: Us, we know what to do.
41:34
Speaker 17: It's not true. They're not in the real world. They
41:37
Speaker 17: don't go out, they don't go out to the regions
41:40
Speaker 17: where things hit hard, and they hit harder in places
41:43
Speaker 17: like Townsville in regional Australia, and there's no cost of
41:47
Speaker 17: living relief and this will hurt us and will hurt
41:49
Speaker 17: us going forward. And I think people see that.
41:54
Speaker 2: Let's go to your chamber today, Alex. The Senate we
41:56
Speaker 2: saw Sarah Hanson young with a stunt and fish. Today
42:01
Speaker 2: we know that there are real jobs in the salmon
42:04
Speaker 2: industry in Tasmania, in particular in Jeopardy, a massive export
42:09
Speaker 2: income earner two for Australia. But it's a stunt. If
42:13
Speaker 2: you listen to the Greens have a look.
42:17
Speaker 3: Growing often stinking in attention.
42:20
Speaker 2: Salmon, salmon. When these guys will hold the whip hand
42:27
Speaker 2: if there's a minority government, because the Greens are never
42:30
Speaker 2: going to deal with the coalition, They'll always go with Labor.
42:33
Speaker 2: I mean, she could end up being the environment minister.
42:35
Speaker 2: God help us.
42:38
Speaker 12: Yeah, well that's right.
42:39
Speaker 16: I mean this is potentially a Labour's coalition partner in
42:42
Speaker 16: a new minority government.
42:43
Speaker 12: It's a frightening thought, Peter.
42:45
Speaker 16: And you know there is some irony I think in
42:47
Speaker 16: holding up a dead fish in order to make the
42:49
Speaker 16: point about dead fish. I mean it sort of struck
42:52
Speaker 16: me as being particularly o I don't think it went
42:53
Speaker 16: down particularly well.
42:54
Speaker 12: But we're seeing a lot of that this week.
42:56
Speaker 16: We're seeing a lot of attempts at grabbing headlines with
42:58
Speaker 16: these sorts of scidents. Ultimately, though, this is an omen
43:03
Speaker 16: for the future for the people of Australia. If we
43:06
Speaker 16: get a minority Labor government, it's going to get worse
43:08
Speaker 16: and worse, and that may only be the beginning of
43:10
Speaker 16: things that have come. Can look at all sorts of
43:12
Speaker 16: things like inheritance taxes, death taxes, it'll all be on
43:16
Speaker 16: the table guaranteed.
43:19
Speaker 2: Yeah, the culture wars will be absolutely on steroids. I
43:22
Speaker 2: want to play something for people at home. This morning,
43:25
Speaker 2: there was yet another bizarre meltdown for Jackie Lamby on
43:29
Speaker 2: Morning TV. She was attacking Jane Hume. It was an
43:33
Speaker 2: irrational rand. Have a listen.
43:37
Speaker 18: You took a lot of my mat sat over that
43:38
Speaker 18: nine years, and you spent twenty billion dollars of tax
43:42
Speaker 18: payers money to consultancy firms. Are we going back to
43:45
Speaker 18: those days, Jane, because veterans want to know that this morning.
43:49
Speaker 18: Are you going back and moving those public service who
43:51
Speaker 18: are finally finding their seat over such complex medical issues?
43:55
Speaker 18: Are you going to cut the guts? Check that out again?
44:02
Speaker 2: Now, that's how she behaved in the morning. Last night
44:05
Speaker 2: she was supposed to be looking at scrutinizing Labor's budget,
44:08
Speaker 2: she launched into another rant about Peter Dutton. I mean, Phil,
44:13
Speaker 2: I know you've been an advocate for veterans as long
44:16
Speaker 2: and as hard fighting for their needs as she has.
44:21
Speaker 2: You both worn the uniform. You don't behave like that.
44:24
Speaker 2: I mean she does this every time the election comes around.
44:27
Speaker 2: She's shameless. It's all about pulling in votes. Eight to
44:30
Speaker 2: six years a shocker.
44:34
Speaker 13: I watched this a few times.
44:37
Speaker 17: I've carried coffins of friends of mine who have succumbed
44:40
Speaker 17: to their war within and have died by suicide. I
44:43
Speaker 17: have attended more funerals and I would ever thought I
44:46
Speaker 17: would have at the age of thirty six, and it
44:48
Speaker 17: is extremely personal to me, and I've stood up in
44:51
Speaker 17: Parliament and I've spoken about this, and I've shed tears
44:54
Speaker 17: for those who have paid the Alderman sacrifice in war,
44:57
Speaker 17: but also back here on home soil. It will be
45:00
Speaker 17: no frontline public service employees that would lose their job.
45:06
Speaker 17: They won't be in the Department of Veterans Affairs at all,
45:09
Speaker 17: because those frontline workers are processing claims and helping people
45:13
Speaker 17: and making sure that the the Department of Veterans Affairs
45:17
Speaker 17: and the claims that have been put in by our
45:19
Speaker 17: most braverst they get the support they needed. Now, I
45:23
Speaker 17: don't think anyone would be surprised to think that the
45:26
Speaker 17: Department of Veterans Affairs does need government oversight.
45:29
Speaker 13: It does.
45:30
Speaker 17: It's a basket case and it does need government to
45:33
Speaker 17: be looking into it. But the frontline workers, we need them,
45:37
Speaker 17: we need them to do their job. But when it
45:39
Speaker 17: comes to the people in Canberra, the people in the
45:42
Speaker 17: back room, the people don't get out in the regions,
45:43
Speaker 17: the people that couldn't spell veteran, that sit in the
45:46
Speaker 17: dark corner. Yeah, we're looking at what you're doing because
45:48
Speaker 17: we want productivity, we want things moving in the right direction,
45:52
Speaker 17: and we don't want to be bearing any more of
45:54
Speaker 17: our most bravest.
45:57
Speaker 2: Powerfully said, and you know, I think Astray can look
46:00
Speaker 2: at you, They can look at Andrew Hasty, they can
46:02
Speaker 2: look at the other servicemen and women on your front
46:04
Speaker 2: line in the Parliament and know that you mean what
46:07
Speaker 2: you say. And that hysteria histronics this morning from Jackie
46:12
Speaker 2: Lamby will see that for what it is. Hey, your
46:14
Speaker 2: avalon air show, the Motley Crue, you know they're all
46:20
Speaker 2: out there again. I saw footage today of someone with
46:23
Speaker 2: a kafia and a mask and a caple deliberately trying
46:27
Speaker 2: to hide their face, spewing out their venom on camera. Alex.
46:33
Speaker 2: This goes around the world. They don't know who on
46:36
Speaker 2: Earth they're fighting for. They are just Marxist activists in
46:40
Speaker 2: my view.
46:43
Speaker 16: Yeah, look, I mean we've seen so much of this
46:44
Speaker 16: over the last couple of years that you know, we're
46:46
Speaker 16: almost you know, I think getting getting sort of used
46:49
Speaker 16: to it, sadly. But this air show will go on,
46:52
Speaker 16: of course it will. But unfortunately, people of course have
46:56
Speaker 16: a right to protest. I should say there's no problem
46:58
Speaker 16: with that. Let's just hope it's well behaved. It's well mannered,
47:01
Speaker 16: and they allow people to talk about issues like defense,
47:05
Speaker 16: which of course is so critical to our to our
47:08
Speaker 16: future as sovereign needs. So I mean, let's us hope
47:11
Speaker 16: it doesn't get out of hand. I'm sure the police
47:12
Speaker 16: have got any control.
47:13
Speaker 13: They're grubs.
47:14
Speaker 2: Grubs, yeah, they are, phil they absolutely are. And you know,
47:19
Speaker 2: we all want the military hardware should the worst ever happen,
47:22
Speaker 2: and we need to defend our country and our values
47:25
Speaker 2: as you have with the uniform. Thank you, both gents.
47:28
Speaker 2: All right, after break, plenty of words to get through.
47:29
Speaker 2: Kel Richards will join you. Don't mean now the wonderful
47:37
Speaker 2: broadcast our wordsmith extraordinariy Kel Richards. Kel. Before we get
47:41
Speaker 2: into our words, I have to play you this from
47:45
Speaker 2: the Prime Minister.
47:46
Speaker 10: Have a listen well, mister speaker. They are delulu with
47:51
Speaker 10: no so lulu, mister speaker, and he's.
47:56
Speaker 2: A serious world leader. He reckons.
47:58
Speaker 7: Oh, how can he talk in Doctor Seuss babble? That's
48:03
Speaker 7: what it sounds like, doesn't it. It sounds like the
48:05
Speaker 7: sort of Doctor Seuss stuff that you would read a toddler.
48:08
Speaker 7: What is a politician doing talking like that in our
48:10
Speaker 7: federal parliament, let alone the leader of the country, the
48:13
Speaker 7: Prime minister. Doctor SEUs would not put it out of
48:16
Speaker 7: the book. Quite frankly, pitty the.
48:19
Speaker 2: Poor hand side reporters, I mean to take that one down. Hey,
48:23
Speaker 2: let's go to the words bribe. Will We've discussed this
48:26
Speaker 2: budget being full of bribes, bribes for voters. So where's
48:31
Speaker 2: the word bribe come from?
48:33
Speaker 7: Came from a Middle French word into English in the
48:35
Speaker 7: fourteen hundreds, and when it first came into English, it
48:37
Speaker 7: meant food, a small bit of food, something which is
48:40
Speaker 7: handed out, often scraps or leftovers, and often given to
48:44
Speaker 7: beggars to make the beggars go away or stop them
48:46
Speaker 7: annoying you. Now, given that's the history of the word,
48:50
Speaker 7: you could argue that what we're getting out of this
48:52
Speaker 7: budget is scraps, it is leftovers. It is a tax
48:56
Speaker 7: cut that will buy us one mars bar a day.
48:59
Speaker 7: So maybe the history of the word is coming home
49:02
Speaker 7: to roost.
49:05
Speaker 2: Maybe it suits the times. Paul, one of our viewers, says,
49:08
Speaker 2: the Prime Minister really loses a phrase We've got you back.
49:12
Speaker 2: He says, what does that mean? Where does that come from?
49:15
Speaker 7: Comes from Black Americans saying first recorded nineteen seventy seven,
49:18
Speaker 7: and it comes to the context of street fighting. So
49:21
Speaker 7: if you're surrounded by a gang and someone says I
49:23
Speaker 7: got you back, it means I will stand back to
49:25
Speaker 7: back to you in the fight, and I will ward
49:27
Speaker 7: off the attacks you can't see coming. So it's a
49:29
Speaker 7: very odd expression to use if you're talking about victims
49:32
Speaker 7: of bushfires, floods or cyclones. There must be better ways
49:36
Speaker 7: of saying it.
49:39
Speaker 2: Rick wants to know when it comes to when push
49:42
Speaker 2: comes to shove? That phrase, where's that come from?
49:46
Speaker 7: Later teen hundreds from rugby, particularly from packing down a
49:49
Speaker 7: scrub In Rugby, the idea is that a shove is
49:52
Speaker 7: much tougher than a push. So, in other words, that
49:55
Speaker 7: when push comes to shove, when the going gets really tough,
49:58
Speaker 7: And that's how being you these days, you know, in
50:01
Speaker 7: the scrum of life, when it gets really tough, will
50:04
Speaker 7: so and so be tough enough? Will when push comes
50:07
Speaker 7: to sharp. So from rugby, there you are.
50:11
Speaker 2: You are fantastic. There on the bottom of the screen
50:13
Speaker 2: you can see Oswards dot com dot au. Please send
50:17
Speaker 2: your words into KEL and we'll put them to a
50:20
Speaker 2: with a great explanation from the great Man next week.
50:22
Speaker 2: Thank you, KEL.
50:23
Speaker 12: See you.
50:24
Speaker 2: Then that's it for BC. Tomorrow night at six, here's
50:26
Speaker 2: Andrew