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The Kenny Report | 26 March · The Kenny Report

• 0:01
  Speaker 1: Line from the skying New Center. This is the Kenny Report.
• 0:07
  Speaker 1: Thanks for joining the Kenny Report tonight.
• 0:08
  Speaker 2: While Labor uses its trifling tax cuts to distract from
• 0:12
  Speaker 2: its trillion dollar debt bomb, the coalition weighs up real
• 0:17
  Speaker 2: taxation reform, Shadow treasurer Angus Taylor joins me, expect to
• 0:21
  Speaker 2: see a cut in our immigration intake two.
• 0:24
  Speaker 1: I'll talk to Pauline Hansen on that.
• 0:27
  Speaker 2: Labor also hangs on to its green hydrogen fantasy as
• 0:31
  Speaker 2: more multimillion dollar projects fall over and in Gaza, brave
• 0:36
  Speaker 2: Palestinians protest against the Hummus terrorists, the same Hummus terrorists
• 0:42
  Speaker 2: that only get encouragement from protesters in the West. All that,
• 0:47
  Speaker 2: plus the Wednesday wrangle with Liz and Justin looking at
• 0:49
  Speaker 2: some fishy politics. Now, I told you last night that
• 0:56
  Speaker 2: the budget would be more fantasy than reality, that would
• 1:00
  Speaker 2: be more about politics than economics.
• 1:03
  Speaker 1: And ain't that the truth?
• 1:05
  Speaker 2: It was astonishing to see Jim Charmers and Anthony Albanesi
• 1:09
  Speaker 2: demonstrate such scant regard for the truth, such complete disregard
• 1:14
  Speaker 2: for the future of the nation, and such a selfish
• 1:17
  Speaker 2: obsession with their perceived political benefit. Let me give you
• 1:22
  Speaker 2: some specific examples. First up, the tax cuts. Labor claims
• 1:26
  Speaker 2: them as the centerpiece of their budget, but they're not
• 1:30
  Speaker 2: about helping Australians.
• 1:31
  Speaker 1: They're about conning them.
• 1:33
  Speaker 2: They're not about attacking debt and deficit, but about trying
• 1:37
  Speaker 2: to distract attention from debt and deficit. A five dollars
• 1:41
  Speaker 2: a week tax cut to come your way in more
• 1:44
  Speaker 2: than a year from now is worth less than a
• 1:47
  Speaker 2: cup of coffee, and it pales into insignificance compared to
• 1:51
  Speaker 2: the electricity bill increases and tax increases Labor has already delivered.
• 1:57
  Speaker 2: It's not relief, it's not refe it's using our taxes
• 2:03
  Speaker 2: to try and fool us. You can tell that from
• 2:06
  Speaker 2: the way the Prime Minister sells the tax cuts like
• 2:10
  Speaker 2: steak knives.
• 2:12
  Speaker 1: Heads up, Australia.
• 2:13
  Speaker 3: We're giving every taxpayer another tax cut. Last year we
• 2:18
  Speaker 3: made sure that every Australian got a tax cut, and
• 2:21
  Speaker 3: in tonight's budget we've done it again.
• 2:25
  Speaker 1: Yeah, cheap politics. But wait, there's more.
• 2:29
  Speaker 2: This is all about conning the media too, getting them
• 2:33
  Speaker 2: to focus on tax cuts instead of the real story
• 2:37
  Speaker 2: of this budget.
• 2:38
  Speaker 1: And that is debt.
• 2:40
  Speaker 2: Debt is about to hit a trillion dollars one thousand
• 2:45
  Speaker 2: billion dollars. Jim Charmers is Australia's first trillion dollar treasurer
• 2:51
  Speaker 2: and he doesn't want to talk about it. In fact,
• 2:54
  Speaker 2: he denies it. Listen to this.
• 2:57
  Speaker 4: Next financial year. The gross debt is more than a
• 2:59
  Speaker 4: trillion dollars.
• 3:00
  Speaker 1: That's about a third of GDP.
• 3:02
  Speaker 4: How's that going to be paid down?
• 3:04
  Speaker 1: Well, first of all, the debt this year grows.
• 3:06
  Speaker 5: Debt this year is one hundred and seventy seven billion
• 3:08
  Speaker 5: dollars lower than when we came to office because of
• 3:12
  Speaker 5: our efforts, and that's saving Australians tens of billions of
• 3:14
  Speaker 5: dollars in debt interest.
• 3:17
  Speaker 2: Astonishingly, Labor keeps getting away with this sort of stuff
• 3:21
  Speaker 2: and the journalists don't pull them up. No follow up
• 3:24
  Speaker 2: question there from the ABC to that nonsense from the Treasurer.
• 3:28
  Speaker 2: Debt is not lower after three years of labor, as
• 3:33
  Speaker 2: we showed you last night. Debt even now is more
• 3:36
  Speaker 2: than sixty billion dollars higher than when Labor came to office.
• 3:41
  Speaker 2: And the budget tells us that within months it will
• 3:44
  Speaker 2: be a thousand billion dollars a trillion dollars, and within
• 3:48
  Speaker 2: a few years Labor will have debt at one point
• 3:51
  Speaker 2: two trillion dollars. That's if our trillion dollar treasurer has
• 3:56
  Speaker 2: his way. So how can charmers claim debt is down? Well,
• 4:01
  Speaker 2: I guess he's referring to forecasts that debt is lower
• 4:05
  Speaker 2: than it was forecast to be back in the pandemic
• 4:08
  Speaker 2: recovery days. I guess that's what he'd say. But incredibly
• 4:13
  Speaker 2: nobody's asked him. He shouldn't be allowed to get away
• 4:16
  Speaker 2: with claiming that debt is down when it is up
• 4:20
  Speaker 2: to record levels. The facts need to get a run,
• 4:24
  Speaker 2: and the ABC and others ought to have some respect
• 4:27
  Speaker 2: for the truth. The big story of the budget is debt.
• 4:31
  Speaker 2: The big worry for this country is debt, and the
• 4:35
  Speaker 2: big lie we are being told, as you've just seen,
• 4:38
  Speaker 2: is about debt. Now let me give you another example
• 4:42
  Speaker 2: of the spin coming your way. Listen to charmers on
• 4:46
  Speaker 2: tax cuts.
• 4:48
  Speaker 6: The average annual tax cut after this year and next
• 4:51
  Speaker 6: year's is two five and forty eight dollars, or about
• 4:56
  Speaker 6: fifty dollars a week.
• 4:58
  Speaker 1: Well not so.
• 5:00
  Speaker 2: He's including in this number tax cuts legislated by the
• 5:04
  Speaker 2: coalition and then adjusted by labor, and he's excluding the
• 5:09
  Speaker 2: annual fifteen hundred dollars tax offset payment that Labor scrapped.
• 5:15
  Speaker 2: So he counts what the coalition organized, and he doesn't
• 5:18
  Speaker 2: count what Labor scrapped. More political and economic trickery, no vision,
• 5:25
  Speaker 2: no reform, no transparency.
• 5:28
  Speaker 1: And let me give you one more example.
• 5:30
  Speaker 2: The guests to the essential national self harm that we're
• 5:33
  Speaker 2: getting from labor, the way it's ideological commitment to United
• 5:37
  Speaker 2: Nations climate goals is destroying our cheap energy advantage. Labour
• 5:43
  Speaker 2: has promised tens of billions of dollars in grants and
• 5:46
  Speaker 2: subsidies to crank up what it calls a green hydrogen revolution.
• 5:52
  Speaker 1: Yet they've seriously called it that.
• 5:55
  Speaker 2: But as we've seen, project after project has fallen over
• 6:00
  Speaker 2: a look at them at Gladstone in Queensland, a twelve
• 6:03
  Speaker 2: billion dollar plan scrapped, and projects in New South Wales
• 6:07
  Speaker 2: and Victoria two and a six hundred million dollar project
• 6:11
  Speaker 2: at Wyala in South Australia. Then there's more in South Australia,
• 6:15
  Speaker 2: including a seven hundred and fifty million dollar project at
• 6:18
  Speaker 2: Port Pirie and a scheme in Western Australia scrapped despite
• 6:23
  Speaker 2: billions of dollars of government subsidies, and two more in
• 6:27
  Speaker 2: the West, of course, including a billion dollar project and
• 6:30
  Speaker 2: one at Bell's Bay in Tasmania two and no doubt
• 6:34
  Speaker 2: more will fall over in coming months. Yeah, that's the
• 6:37
  Speaker 2: reality of green hydrogen. It's a disaster. But in the
• 6:42
  Speaker 2: budget last night Chalmers spoke as if the fantasy was
• 6:46
  Speaker 2: still alive.
• 6:47
  Speaker 7: We're investing more than three billion dollars to support the
• 6:51
  Speaker 7: production of Australian made green metals like aluminium and iron,
• 6:56
  Speaker 7: building on the tax incentives for critical minerals and green
• 6:59
  Speaker 7: high rodrien that we legislated last year.
• 7:03
  Speaker 2: How can you be that divorced from reality, especially when
• 7:07
  Speaker 2: you're supposed to be in charge of the nation's finances.
• 7:10
  Speaker 2: How can he seriously talk about green hydrogen funding when
• 7:14
  Speaker 2: at least ten major projects have been dropped by major companies,
• 7:20
  Speaker 2: even though billions of dollars of government subsidies are on
• 7:23
  Speaker 2: the table.
• 7:25
  Speaker 1: Still.
• 7:25
  Speaker 2: I guess when you try to pretend that a debt
• 7:27
  Speaker 2: growing to a trillion dollars has actually gone down, then
• 7:32
  Speaker 2: you can say anything you like, unconstrained by reality. The
• 7:37
  Speaker 2: big question now is what the Coalition does in response.
• 7:41
  Speaker 2: It's already opposed Labour's laughable tax cuts, which will be
• 7:45
  Speaker 2: passed through Parliament anyway. I suppose Peter Dutton, though, has
• 7:49
  Speaker 2: an opportunity to attack this NonStop fantasy and cheap politicking
• 7:54
  Speaker 2: in his budget, replied tomorrow night. He can confront us
• 7:57
  Speaker 2: with reality and some refine form of substance. It won't
• 8:02
  Speaker 2: be easy, but surely taxpayers deserve the truth and voters
• 8:08
  Speaker 2: deserve a real alternative. Otherwise we're fiddling while Rome burns.
• 8:18
  Speaker 2: If you watch this program regularly, you can be in
• 8:21
  Speaker 2: no doubt about the evils of the Hummus terrorist outfit,
• 8:25
  Speaker 2: Islamist extremists and useful idiots of the left around the
• 8:29
  Speaker 2: world and here in Australia.
• 8:31
  Speaker 8: Well.
• 8:31
  Speaker 1: They try to pretend that Hummas are some sort.
• 8:33
  Speaker 2: Of legitimate liberation force for the Palestinian people, but they
• 8:38
  Speaker 2: are not. They are a nihilist Islamist extremist terrorist group.
• 8:44
  Speaker 2: They are gie hardists who want nothing more than Islamist dominance.
• 8:48
  Speaker 2: They want to caliphate, replacing Israel, the slaughter of Jews
• 8:52
  Speaker 2: and eventually Christians as well, right across the Middle East,
• 8:56
  Speaker 2: and in keeping with their death cult beliefs, they've would
• 9:00
  Speaker 2: will willingly cause the death and suffering of Palestinian people
• 9:04
  Speaker 2: to further their cause.
• 9:06
  Speaker 1: They're doing it today. They do it every day.
• 9:10
  Speaker 2: Yes, they slaughter Israelis and take them hostage, perpetuating war
• 9:15
  Speaker 2: crimes daily, But they do it in order to spark
• 9:19
  Speaker 2: war and thus to make martyrs of their own people,
• 9:23
  Speaker 2: their own women and children, so that they can fuel
• 9:27
  Speaker 2: their anti due hatred.
• 9:29
  Speaker 1: It's that sick.
• 9:30
  Speaker 2: It's obvious, it's inhumane, and much of the political world
• 9:34
  Speaker 2: is in denial about it. Well, today's something unthinkable is happening,
• 9:39
  Speaker 2: and it deserves your full attention, and it deserves support
• 9:43
  Speaker 2: from across the world because it takes extraordinary courage. Palestinian
• 9:49
  Speaker 2: people in Gaza are protesting against their humas terrorist overlords.
• 10:04
  Speaker 5: You've got in beds now character.
• 10:10
  Speaker 2: Yes, they're in Gaza and they're chanting that Hummas are terrorists.
• 10:15
  Speaker 2: The Palestinian people elected Hummas overwhelmingly more than a decade
• 10:19
  Speaker 2: and a half ago, of course, and for that they
• 10:22
  Speaker 2: are culpable. But they've been terrorized ever since. And now
• 10:27
  Speaker 2: many of them, it seems, have come to realize that
• 10:30
  Speaker 2: it's their Hummus leaders who have visited war upon them.
• 10:34
  Speaker 2: And I've started protesting in the streets, calling on Hummas
• 10:38
  Speaker 2: to hand back the hostages to Israel so that they
• 10:42
  Speaker 2: might live in peace. Now, as you can imagine, this
• 11:00
  Speaker 2: is a dangerous act. These people may well be slaughtered,
• 11:03
  Speaker 2: either openly or hunted down by Hummas afterwards. They deserve
• 11:07
  Speaker 2: credit for seeing reason. They deserve support for trying to
• 11:11
  Speaker 2: deliver peace. They deserve admiration for calling out.
• 11:15
  Speaker 1: The evils of Hummas.
• 11:17
  Speaker 2: And they deserve our gratitude for showing what ignorant hypocrites
• 11:21
  Speaker 2: the so called Palestinian supporters have been in the West,
• 11:25
  Speaker 2: the protesters who encourage Humas rather than oppose it, who
• 11:30
  Speaker 2: cheer the Mayhem of Hummas rather than rail against it.
• 11:34
  Speaker 2: If the Palestinian people, under threat of death can condemn Hummus,
• 11:40
  Speaker 2: how weak does that make the pathetic protesters in Western
• 11:43
  Speaker 2: countries who still march in our streets chanting Hummus slogans
• 11:48
  Speaker 2: about expelling Jews from.
• 11:50
  Speaker 1: The river to the sea.
• 11:51
  Speaker 2: It's time for the leftists and others who claim to
• 11:54
  Speaker 2: support the Palestinian people to join these brave souls in
• 11:59
  Speaker 2: calling out humm Us. Now, I want to talk about
• 12:06
  Speaker 2: political promises. They're a problem. We want our policies to
• 12:09
  Speaker 2: keep them, but they're so often broken. Sometimes the broken.
• 12:13
  Speaker 2: Promises are clear cut.
• 12:16
  Speaker 9: There will be no carbon tax under the government high lead.
• 12:21
  Speaker 10: No cuts to education, no cuts to health, no change
• 12:25
  Speaker 10: to pensions, no change to the GST, and no cuts
• 12:29
  Speaker 10: to the ABC or SBS.
• 12:32
  Speaker 2: Yeah, we never forget them, do we. But there are
• 12:34
  Speaker 2: other times when the criticism is unfair. For instance, John
• 12:38
  Speaker 2: Howard still gets slighted for this.
• 12:41
  Speaker 11: No way that GST will ever be part of our policy,
• 12:45
  Speaker 11: never ever, It's dead.
• 12:47
  Speaker 2: Yeah, but Howard changed his mind and he put up
• 12:50
  Speaker 2: a GSD before an election. He gave voters the choice
• 12:54
  Speaker 2: and didn't bring in the GST until voters returned him.
• 12:58
  Speaker 2: That's the gold standard method for politicians changing their minds,
• 13:03
  Speaker 2: and they have to be able to change their minds
• 13:05
  Speaker 2: otherwise we get stuck in we're stuck with the wrong.
• 13:08
  Speaker 1: Decisions forever now.
• 13:10
  Speaker 2: Like in the lead up to the last Queensland state election,
• 13:13
  Speaker 2: of course, when I thought that David chris a fully
• 13:15
  Speaker 2: was wrong to make this dumb promise.
• 13:19
  Speaker 9: Well, we've said that we're not having new stadiums. We're
• 13:21
  Speaker 9: talking about infrastructure.
• 13:23
  Speaker 1: We've said no new stadiums.
• 13:26
  Speaker 2: Yeah, that's what he said, And of course yesterday he
• 13:28
  Speaker 2: made the right decision that is that Brisbane needs a
• 13:31
  Speaker 2: new stadium for the Olympic Games and for footy, cricket
• 13:34
  Speaker 2: and other events into the future.
• 13:36
  Speaker 1: So he broke his promise.
• 13:39
  Speaker 9: I have to own that, and I will, and I
• 13:42
  Speaker 9: am sorry, and it's my decision and I accept that decision.
• 13:48
  Speaker 9: But I've made the right choice, and I've made the
• 13:50
  Speaker 9: choice that Queenslanders will see and they will see why
• 13:53
  Speaker 9: we made it. And I wasn't prepared to take the
• 13:56
  Speaker 9: politically easy option when the truth is that wouldn't be
• 14:00
  Speaker 9: at the benefit of the state.
• 14:02
  Speaker 2: Yeah, fair enough, And this is the point. He's honest
• 14:04
  Speaker 2: and upfront about it. He says, if you want to
• 14:06
  Speaker 2: mark him down, then do so. He admits he's changed
• 14:09
  Speaker 2: his mind and broken a promise. I say good on
• 14:12
  Speaker 2: him first for making the right decision and the second
• 14:14
  Speaker 2: for admitting he's broken a promise and apologizing for it.
• 14:18
  Speaker 2: Peter Beatty, on the other side of politics in the
• 14:20
  Speaker 2: same state, had a similar refreshing approach.
• 14:24
  Speaker 1: Compare that to this mob.
• 14:26
  Speaker 3: Reducing power prices by two hundred and seventy five dollars.
• 14:30
  Speaker 12: Reducing power prices by two hundred and seventy five dollars.
• 14:32
  Speaker 6: By twenty twenty five two hundred and seventy five dollars
• 14:35
  Speaker 6: a year.
• 14:36
  Speaker 3: One hundred and seventy five dollars a year will get.
• 14:39
  Speaker 6: Power prices down by two hundred and seventy five dollars.
• 14:42
  Speaker 12: A year, two hundred and seventy five dollars for the
• 14:45
  Speaker 12: average house lower in twenty twenty five than today.
• 14:49
  Speaker 2: Now, as we all know, they've broken that promise many
• 14:52
  Speaker 2: times over, but they refuse to admit it, much less
• 14:55
  Speaker 2: apologized for it. Instead, they treat voters like mugs and
• 14:58
  Speaker 2: they double down on the the same policies that are
• 15:01
  Speaker 2: pushing prices up. Give me honesty any day, so that
• 15:04
  Speaker 2: if you do break a promise, at least admitted, apologize.
• 15:09
  Speaker 1: For it and explain the change of heart.
• 15:12
  Speaker 2: The next stop for Chris a fully is to change
• 15:15
  Speaker 2: his mind on nuclear energy for Queensland. All right, This
• 15:23
  Speaker 2: stick with the budget now, and Labor feels like they've
• 15:25
  Speaker 2: got the coalition where they want them now voting against
• 15:28
  Speaker 2: those tax cuts. A little earlier, I asked Shadow Treasurer
• 15:32
  Speaker 2: Angus Taylor for his response to Labour's gloating.
• 15:36
  Speaker 13: Well, it's absolute nonsense, because this is a budget for
• 15:40
  Speaker 13: the next five weeks, not for the next five years Chris,
• 15:44
  Speaker 13: And of course it's a budget for an election, not
• 15:46
  Speaker 13: a budget for Australia's prosperity. We've got an economy that
• 15:51
  Speaker 13: is broken for middle Australia. Hard working Australians can't get ahead.
• 15:56
  Speaker 13: Their standard of living has collapsed under labor and there's
• 15:59
  Speaker 13: absolutely nothing in this budget that's going to get them
• 16:01
  Speaker 13: back on track. To offer them seventy cents a day
• 16:05
  Speaker 13: out more than a year from now. It's truly an insult,
• 16:09
  Speaker 13: it's a cruel hoax. It doesn't address any of the
• 16:12
  Speaker 13: underlying issues that we're facing. It doesn't bring down the
• 16:15
  Speaker 13: cost of energy, the failed promise they made on that
• 16:18
  Speaker 13: two hundred and seventy five dollars. It doesn't make the
• 16:21
  Speaker 13: cost of housing any more affordable for Australians. It doesn't
• 16:25
  Speaker 13: beat inflation, it doesn't boost growth, It doesn't fix our
• 16:28
  Speaker 13: underlying housing supply, it doesn't get rid of waste, it
• 16:32
  Speaker 13: doesn't cut red tape all of the things we know
• 16:35
  Speaker 13: we need to do. And the answer, of course for
• 16:38
  Speaker 13: Australians to see prosperity again, to restore hope, is to
• 16:43
  Speaker 13: make sure that we're managing the economy properly and that's
• 16:46
  Speaker 13: not happening under labor.
• 16:47
  Speaker 1: Look, I have to agree with what you've said.
• 16:50
  Speaker 2: I said last night, I think this tax cut is
• 16:52
  Speaker 2: just a gimmick, a distraction, an attempt to shift the
• 16:56
  Speaker 2: debate away from the real story of this budget, and
• 16:58
  Speaker 2: that is the deface. It's as far as the eye
• 17:01
  Speaker 2: can see. And the debt now hitting a trillion dollars.
• 17:04
  Speaker 2: Jim Chalmers is Australia's first ever trillion dollar treasurer with
• 17:08
  Speaker 2: a trillion dollar debt. So the big question is.
• 17:11
  Speaker 1: What can you do? What would your.
• 17:13
  Speaker 2: Plan be to attack those deficits and that enormous debt.
• 17:20
  Speaker 1: Well, you're absolutely right, Chris.
• 17:22
  Speaker 13: This is now a huge spending, huge taxing, big Australia,
• 17:26
  Speaker 13: big deficit government. One hundred and seventy billion dollars of
• 17:29
  Speaker 13: deficits over five years. It's about six thousand dollars for
• 17:32
  Speaker 13: every Australian they're sticking on the credit card. And of course,
• 17:36
  Speaker 13: you know, if you want to, if you want to
• 17:37
  Speaker 13: give a handout, and this is not real tax reform,
• 17:40
  Speaker 13: let's not kid ourselves.
• 17:41
  Speaker 4: It's a handout.
• 17:42
  Speaker 13: If you want to give a handout, it's got to
• 17:45
  Speaker 13: be paid for and it's paid for by the same
• 17:47
  Speaker 13: the exact same people. Now we can do better, and
• 17:51
  Speaker 13: we know that the fiscal rules that were put in
• 17:53
  Speaker 13: place by Peter Costello back in the nineteen nineties are
• 17:56
  Speaker 13: the way to deal with this. You've got to get
• 17:58
  Speaker 13: them back. Charmers threw those out when he came into
• 18:02
  Speaker 13: this role because it didn't fit his approach. He's a
• 18:05
  Speaker 13: PhD of spin, not economics, and so he's thrown out
• 18:08
  Speaker 13: the rule book and he's focused on the spin. He
• 18:12
  Speaker 13: hasn't focused on the substance, and Australians are paying a
• 18:14
  Speaker 13: high price for that. We've already posed over one hundred
• 18:17
  Speaker 13: billion dollars of bad labor spending. That has been our
• 18:22
  Speaker 13: discipline has meant. We've done that from opposition. No opposition
• 18:25
  Speaker 13: has done anything like this since Malcolm Fraser in nineteen
• 18:29
  Speaker 13: seventy five. And we're not proposing to block supply, but
• 18:31
  Speaker 13: we have said no to building power lines to nowhere,
• 18:35
  Speaker 13: to manufacturing programs that aren't delivering manufacturing. The first big
• 18:40
  Speaker 13: investment they made was in a quantum company based out
• 18:42
  Speaker 13: of the US housing programs that haven't delivered a house.
• 18:46
  Speaker 4: Not a house, Chris, I.
• 18:49
  Speaker 2: Mean that's important, That is important and you've got a
• 18:51
  Speaker 2: truck record on that.
• 18:52
  Speaker 1: Containing spending is crucial if you're going to get debt down.
• 18:56
  Speaker 2: But the other way, unless you sell off assets, as
• 18:58
  Speaker 2: Labor and the Coalition have done in the past, there
• 19:00
  Speaker 2: aren't that many access to sell off anymore. The other
• 19:03
  Speaker 2: way then to deal with debt is obviously to grow
• 19:05
  Speaker 2: the economy. You've got to control your spending and grow
• 19:08
  Speaker 2: the economy so that debt shrinks. And one of the
• 19:11
  Speaker 2: ways to help grow the economy is taxation reform.
• 19:14
  Speaker 1: Are you just going to dismiss.
• 19:15
  Speaker 2: Labour's miserly of gimmicky tax cuts and do nothing, or
• 19:19
  Speaker 2: you're going to give us some taxation reform, perhaps even
• 19:24
  Speaker 2: indexation of rates to get rid of bracket creep.
• 19:28
  Speaker 13: Well, we've already announced important tax changes, and right at
• 19:32
  Speaker 13: the heart of that is accelerated depreciation. Some like to
• 19:36
  Speaker 13: poop her this because that doesn't matter that to them,
• 19:39
  Speaker 13: But let me tell you, for a small business, if
• 19:41
  Speaker 13: you allow them to write off their investment, they invest more,
• 19:44
  Speaker 13: and if they invest more, they create jobs, they create prosperity,
• 19:48
  Speaker 13: they drive productivity, they drive up real wages. This is
• 19:52
  Speaker 13: a really crucial way we know to strengthen the economy
• 19:57
  Speaker 13: to drive growth, and as you rightly say, you need
• 20:00
  Speaker 13: the economy growing faster than spending. That's how you improve
• 20:04
  Speaker 13: the budget situation. That's all how you also provide over
• 20:08
  Speaker 13: time tax reform Chris. That is the key, and that's
• 20:13
  Speaker 13: why that basic fiscal rule is so important and one
• 20:16
  Speaker 13: that we will reinstate as soon as we get back
• 20:18
  Speaker 13: into government.
• 20:19
  Speaker 1: So Australia needs taxation reform.
• 20:24
  Speaker 13: Yeah, absolutely, I mean we've seen Look under this government,
• 20:28
  Speaker 13: the average Australian is paying three and a half thousand
• 20:31
  Speaker 13: dollars in more personal income tax than when labor came
• 20:35
  Speaker 13: to pawth three and that's after their so called tax cuts.
• 20:38
  Speaker 13: There haven't been tax cuts under this government. And this
• 20:42
  Speaker 13: what they've provided here will make absolutely no difference.
• 20:45
  Speaker 1: Chris.
• 20:46
  Speaker 13: We're still paying a hell of a lot more tax
• 20:48
  Speaker 13: than we were two and a half years ago. Now
• 20:51
  Speaker 13: we've got to beat inflation permanently. Inflation has a habit
• 20:55
  Speaker 13: of coming back. It has a bad habit of coming back.
• 20:58
  Speaker 13: This government, of course, is spending like drunken sailors and
• 21:02
  Speaker 13: the risk is it will come back under this government,
• 21:05
  Speaker 13: but it does have it, So we've got to beat it.
• 21:07
  Speaker 2: Permanently, just briefly going to make sure, just briefly, Sorry,
• 21:10
  Speaker 2: Angus Taylor. We're nearly out of time, so it sounds
• 21:13
  Speaker 2: like we will get something on taxation reform tomorrow night.
• 21:16
  Speaker 1: We'll wait and see what that is.
• 21:18
  Speaker 2: Can you also tell us briefly whether or not the
• 21:21
  Speaker 2: coalition will cut the migration rate.
• 21:26
  Speaker 13: Well, you will see a lower migration rate under US
• 21:29
  Speaker 13: than under Labor and will be substantially Lara, I won't
• 21:32
  Speaker 13: give you those numbers. We've just got new numbers from
• 21:34
  Speaker 13: the government. One point eight million in five years, Chris,
• 21:40
  Speaker 13: just over a million in just two years. This is
• 21:43
  Speaker 13: breaking all records.
• 21:44
  Speaker 1: Angus Taylor, thanks for joining us. We wait till all
• 21:47
  Speaker 1: the details tomorrow night.
• 21:49
  Speaker 4: Great to be with you.
• 21:51
  Speaker 2: Let's stay in Canberra now and catch up with Pauline Hanson,
• 21:53
  Speaker 2: the One Nation founder and Leada. Thanks for joining us. Pauline,
• 21:57
  Speaker 2: you'll be pleased to hear that. And tomorrow night we're
• 21:59
  Speaker 2: going to get some more detail from the Opposition leader
• 22:02
  Speaker 2: Peter Dutton. But they're certainly going to aim for a
• 22:04
  Speaker 2: lower immigration rate into this country.
• 22:07
  Speaker 14: They are going to aim for it because they've been
• 22:10
  Speaker 14: listening to the strange people. But will it be low enough, Chris,
• 22:12
  Speaker 14: because it's going to take quite a reduction to address
• 22:16
  Speaker 14: the house in crisis that we have and the cost
• 22:18
  Speaker 14: of living. So we'll wait and see what their numbers are.
• 22:21
  Speaker 14: Mine are one hundred and thirty thousand a year until
• 22:24
  Speaker 14: we can get it down to manageable.
• 22:26
  Speaker 2: One thirty thousand, which historically is where it was for
• 22:30
  Speaker 2: a long while. I will just put up the numbers
• 22:31
  Speaker 2: now from last night's budget that put this into context,
• 22:34
  Speaker 2: because the government had forecast for this year two hundred
• 22:38
  Speaker 2: and sixty thousand and it ended up being the three
• 22:41
  Speaker 2: hundred and forty thousand. And you can see they're on
• 22:44
  Speaker 2: these budget figures that they're now forecasting two hundred and sixty.
• 22:47
  Speaker 1: Thousand for next year.
• 22:49
  Speaker 2: Now that's just their forecast if they went to thirty
• 22:52
  Speaker 2: five on those numbers last year, So who knows what
• 22:55
  Speaker 2: it would be next year, even even though they're promising
• 22:59
  Speaker 2: to sixty and you're essentially saying to have the immigration rate.
• 23:03
  Speaker 2: If you're saying one thirty, it'd be interesting to see
• 23:06
  Speaker 2: whether coalition goes that far.
• 23:11
  Speaker 14: I don't think they will. That's not the biggest that
• 23:14
  Speaker 14: I've been here from the coalition. I think that I
• 23:16
  Speaker 14: loved around about the two hundred thousand. But Chris, we've
• 23:19
  Speaker 14: got to pull back from the high emigration that we've
• 23:21
  Speaker 14: had over the years. It has had a real impact
• 23:24
  Speaker 14: on housing and rental accommodation and our infrastructure. It's just
• 23:29
  Speaker 14: it's unsustainable the way it's going. We can't get on
• 23:32
  Speaker 14: the way. We're going pull it back until we can
• 23:34
  Speaker 14: catch up and then review it.
• 23:36
  Speaker 2: And if you just come, I want to get your
• 23:38
  Speaker 2: thoughts on Indigenous spending in just a moment.
• 23:40
  Speaker 1: But first up on the tax cuts.
• 23:42
  Speaker 2: I have a look at what Peter Dutton said, the
• 23:44
  Speaker 2: way he scoffed at the tax cuts.
• 23:46
  Speaker 15: Today, this Labor Party has racked up a trillion dollars
• 23:51
  Speaker 15: of debt are trillion dollars and they're saying to Australians,
• 23:55
  Speaker 15: be grateful, be thankful because seventy cents a day is
• 24:00
  Speaker 15: coming your way in fifteen months time.
• 24:05
  Speaker 2: Yeah, now it's pretty that and't right there to scoff
• 24:07
  Speaker 2: at these tax cuts or would you be of a
• 24:08
  Speaker 2: mind just to bank them and think something's better than nothing?
• 24:12
  Speaker 14: CHRISTI minimill. But Peter Dutton won't be able to sell
• 24:16
  Speaker 14: his message to the Australian people. They're looking for tax cuts,
• 24:19
  Speaker 14: they're looking for relief, they're looking for cost of living relief.
• 24:22
  Speaker 14: And the whole fact is I wouldn't have gone with
• 24:24
  Speaker 14: the cut tax cuts that's going to cost the taxpace
• 24:27
  Speaker 14: another seventeen billion to our bottom line. What would have
• 24:30
  Speaker 14: been more effective is to bring out our fuel excise
• 24:33
  Speaker 14: tax by cutting twenty six and a half cents a
• 24:36
  Speaker 14: lead for a year. That would have actually assisted all Australians,
• 24:40
  Speaker 14: not just those that are paying tax, but right from pensions,
• 24:43
  Speaker 14: people who aren't working. Not everyone pays taxes in the country,
• 24:47
  Speaker 14: but fuel excise tax cut would have benefited most astrands.
• 24:51
  Speaker 14: It would have brought down inflation. You would have actually
• 24:54
  Speaker 14: brought down your cost of living because that comes you
• 24:56
  Speaker 14: know from that as the farming sector, also the sports
• 25:00
  Speaker 14: sector and actually chief of groceries. So that's how I
• 25:03
  Speaker 14: would have handled it by out of seven eighty billion.
• 25:06
  Speaker 2: Just briefly, I want to get your thoughts on what
• 25:08
  Speaker 2: you're promoting now when it comes to indigenous spending you're
• 25:10
  Speaker 2: talking about now, we know you're opposed to the Voice
• 25:14
  Speaker 2: Treaty and the like and a lot of the additional spending,
• 25:16
  Speaker 2: but you're saying, get rid of the National Indigenous Agents
• 25:20
  Speaker 2: Australians Agency. That's effectively the Federal Department of the Indigenous Australians.
• 25:24
  Speaker 2: You get rid of that all together, try and try
• 25:27
  Speaker 2: and force any new government to get rid of it
• 25:29
  Speaker 2: all together.
• 25:30
  Speaker 14: Why that comes into the niAA that comes from the
• 25:34
  Speaker 14: Prime minist cabinet, so that it comes under his department. Four
• 25:37
  Speaker 14: and a half billion a year. We've got over three
• 25:40
  Speaker 14: thousand Aboriginal corporations, Chris. What I'm aiming from what I'm
• 25:43
  Speaker 14: calling out for, which I have done for thirty years,
• 25:45
  Speaker 14: is a quality for all Australians. We're not saying leave
• 25:48
  Speaker 14: Aboriginals not assisted, but everyone who needs assistance, regardless of race, color, religion,
• 25:54
  Speaker 14: should get that assistance based on a needs bace. It's
• 25:57
  Speaker 14: not purely based on your race and is that there's
• 26:00
  Speaker 14: no means testage, so anyone can put up the hand
• 26:03
  Speaker 14: and say I'm an Aboriginal, or people are coming in
• 26:05
  Speaker 14: from south Sea Island's claiming aboriginality to get jobs and
• 26:08
  Speaker 14: benefits at the expense of the taxpayer. Enough is enough,
• 26:12
  Speaker 14: and billions of dollars have gone into this aboriginal industry.
• 26:16
  Speaker 14: A complete audit needs to be done. People want accountability,
• 26:19
  Speaker 14: these strained people throughout the voice. They don't want desegregation
• 26:23
  Speaker 14: division within our nation, and either do I and it
• 26:26
  Speaker 14: has to come to an end.
• 26:28
  Speaker 2: Well, there was a time when you saying that would
• 26:30
  Speaker 2: have created hows of outrage around the country. But you
• 26:34
  Speaker 2: have a situation now where if there's a coalition government,
• 26:37
  Speaker 2: the Indigenous Affairs Minister just into Naberjimba Price, who would
• 26:42
  Speaker 2: also be in charge of cut and government spending, would
• 26:45
  Speaker 2: tend to agree with your attitudes there. So it'll be
• 26:47
  Speaker 2: a fascinating one to watch. Thanks for joining us, Pauline.
• 26:49
  Speaker 2: I appreciate it. Pauline Hanson.
• 26:51
  Speaker 1: There one nation leader live from Camberell. We've got to
• 26:54
  Speaker 1: get to a break.
• 26:54
  Speaker 2: On the other side, I'm going to have more on
• 26:56
  Speaker 2: labour hanging onto this green hydrogen fantasy. As more multi
• 27:00
  Speaker 2: billion projects, multi billion dollar projects fall over, I want
• 27:08
  Speaker 2: to deal.
• 27:08
  Speaker 1: With some more into Australia's energy madness.
• 27:11
  Speaker 2: And one of the points I keep coming back to
• 27:13
  Speaker 2: is the futility of what we're doing here. I mean,
• 27:16
  Speaker 2: if turning ourselves into an energy basket case was doing
• 27:19
  Speaker 2: some good, if it was if paying more for our
• 27:21
  Speaker 2: electricity was saving the planet or changing.
• 27:24
  Speaker 1: The world, you might be able to make an argument
• 27:26
  Speaker 1: for doing it right. You'd probably say.
• 27:28
  Speaker 2: Let's do it more efficiently efficiently by using nuclear power
• 27:31
  Speaker 2: instead of embarking on the world first renewables plus storage experiment. Sure,
• 27:36
  Speaker 2: but at least you could argue that your emissions cuts matted.
• 27:41
  Speaker 1: But they don't.
• 27:42
  Speaker 2: Of course, Australia is responsible for about one percent of
• 27:45
  Speaker 2: global emissions, and while we've destroyed our energy grid to
• 27:49
  Speaker 2: cut our emissions, the rest of the world plows on.
• 27:52
  Speaker 2: Global emissions continued to rise by fifty or one hundred
• 27:56
  Speaker 2: times our cuts every year. So whatever we're doing to ourselves,
• 28:01
  Speaker 2: it's not changing the climate, not helping a jot. Even
• 28:06
  Speaker 2: the former Chief Scientist once admitted that we could shut
• 28:09
  Speaker 2: down our whole country and those emissions would be made
• 28:13
  Speaker 2: up for by the growth in China and other countries
• 28:16
  Speaker 2: emissions within a few weeks. So how can labor justify
• 28:21
  Speaker 2: what they're doing to us? We all know the pain,
• 28:24
  Speaker 2: the electricity price and reliability pain, but there's no gain.
• 28:29
  Speaker 2: So why are they doing this to their own country? Well,
• 28:33
  Speaker 2: the answer is more spin, more nonsense. They're trying to
• 28:38
  Speaker 2: convince us that what we're doing actually matters.
• 28:42
  Speaker 12: So here are the top three things to say when
• 28:44
  Speaker 12: someone says, but Australia's only one percent of emissions, so
• 28:47
  Speaker 12: what we do doesn't count. Firstly, in international terms, we're
• 28:51
  Speaker 12: a pretty big a minute, sixteen out of the around
• 28:54
  Speaker 12: two hundred countries in the world, and close to the
• 28:57
  Speaker 12: top in emissions per person, so what we do count. Secondly,
• 29:00
  Speaker 12: the world's top five emitters count for sixty percent of emissions.
• 29:04
  Speaker 12: The rest of US countries like Australia count for forty percent,
• 29:07
  Speaker 12: so what we do counts a heck of a lot.
• 29:10
  Speaker 2: What a foolless bloke is his little diagram on the whiteboard.
• 29:14
  Speaker 1: We're right, some numbers there. It means nothing.
• 29:16
  Speaker 2: It just confirms we're only one percent of global emissions
• 29:20
  Speaker 2: and those global emissions are rising, so there's no scientifically,
• 29:26
  Speaker 2: there's no impact. Rationally, factually, there's no benefit from Australia's actions,
• 29:32
  Speaker 2: and Boen knows it. So he just squiggles away with
• 29:35
  Speaker 2: his whiteboard and pretends otherwise. It's embarrassing, and he says,
• 29:41
  Speaker 2: by the way, that we're one of the highest emitters
• 29:43
  Speaker 2: in the world per capita. So what what about if
• 29:47
  Speaker 2: we look at another metric emissions per square kilometer, for instance,
• 29:52
  Speaker 2: Then we're ranked ninetieth in the world. Ninetieth a modern
• 29:57
  Speaker 2: economy like ours, ninetieth in the world. When our emissions
• 30:02
  Speaker 2: per unit of land are compared to rests of just
• 30:04
  Speaker 2: about every other country in the world, just tiny, absolutely tiny,
• 30:09
  Speaker 2: So we should be.
• 30:09
  Speaker 1: The envy of the world.
• 30:11
  Speaker 2: Such a lower meter per space, per area per square kilometer. Look,
• 30:16
  Speaker 2: we make no difference, We can make no difference, and
• 30:19
  Speaker 2: Bowen can't face reality.
• 30:22
  Speaker 1: In fact, he's so desperate. Listen to what he trots out.
• 30:27
  Speaker 12: And thirdly, we can help the rest of the world
• 30:30
  Speaker 12: reduce emissions for our great renewable energy, our critical minerals
• 30:33
  Speaker 12: become a renewable energy superpower to help countries that rely
• 30:36
  Speaker 12: on fossil fields currently rely on renewable energy in the future.
• 30:39
  Speaker 12: So what Australia does really matters how we have to
• 30:42
  Speaker 12: keep going.
• 30:44
  Speaker 2: Yet, seriously, he rolls out the renewable energy superpower malarchy.
• 30:50
  Speaker 2: How do wind turbines on our beautiful hills or off
• 30:53
  Speaker 2: our beautiful coast, how do they create a renewable energy superpower?
• 30:57
  Speaker 2: They've made us a basket case, not a superpower. His
• 31:02
  Speaker 2: whole superpower fantasy relies on somehow exporting renewable energy, and
• 31:07
  Speaker 2: you know how you do that or you can't. But
• 31:10
  Speaker 2: Bowen and Labor pretend you'll be able to do it
• 31:13
  Speaker 2: by exporting green hydrogen. And I've already shown you how
• 31:18
  Speaker 2: fanciful that is. It's just not happening. So we see
• 31:22
  Speaker 2: again what a con. This is, a renewable energy con
• 31:26
  Speaker 2: damaging this country probably for generations to come, with no
• 31:32
  Speaker 2: environmental benefit. For the sake of this country, Chris Bowen
• 31:36
  Speaker 2: needs to be voted out of government. Let's get some
• 31:44
  Speaker 2: expert advice on all of this green hydrogen malarch and
• 31:47
  Speaker 2: I want to go to Aidan Morrison. He's the energy
• 31:49
  Speaker 2: program director at the Center for Independent Studies. Thanks for
• 31:52
  Speaker 2: joining us again, Aiden, I'm fascinated in green hydrogen.
• 31:56
  Speaker 1: So many projects up here. You've really done it.
• 32:00
  Speaker 2: A scan of the whole country across green hydrogen projects.
• 32:03
  Speaker 2: I'm surprised there's so many, and that so many are
• 32:07
  Speaker 2: falling over. Can you explain what's going on.
• 32:13
  Speaker 4: Yet? This is what happens when the myth of a
• 32:15
  Speaker 4: robust pipeline of projects finally gets burst, because actually there
• 32:20
  Speaker 4: is a much much longer list of projects that are
• 32:24
  Speaker 4: out there and they've just been proposed, they're still in
• 32:26
  Speaker 4: the concept stage. But really all that is is a
• 32:29
  Speaker 4: long sort of fashion parade of ideas, of dreams, of posturing.
• 32:33
  Speaker 4: It costs very little to create a plan and kind
• 32:36
  Speaker 4: of float it on paper. Sometimes it's very beneficial for
• 32:39
  Speaker 4: corporate companies to be able to demonstrate their they have
• 32:42
  Speaker 4: efforts or plans to move in these directions if they're
• 32:44
  Speaker 4: trying to kind of indicate that's the attitude and intention.
• 32:48
  Speaker 4: But really they don't have to put a lot of
• 32:49
  Speaker 4: money down until they finally get to the point of
• 32:52
  Speaker 4: starting to build something, and at that point they all
• 32:55
  Speaker 4: fall over. All the people who actually at the point
• 32:57
  Speaker 4: of having to put money on the table always walk away.
• 33:00
  Speaker 4: And that's just the case when you've created it basically
• 33:03
  Speaker 4: a big fashion parade of projects that never had any
• 33:06
  Speaker 4: economic sense behind them. At some point, one by one
• 33:09
  Speaker 4: they just drop out and get canceled. And just a
• 33:12
  Speaker 4: few have been canceled so far. There's many more to come.
• 33:15
  Speaker 1: Yeah.
• 33:15
  Speaker 2: I put up a list at the start with some
• 33:17
  Speaker 2: major projects canceled. Eleven major projects. Some of them have
• 33:20
  Speaker 2: had government money put into them, particularly the South Australian
• 33:23
  Speaker 2: ones that've got a whole hydrogen office there funded by taxpayers.
• 33:27
  Speaker 2: A lot of them have had the incentive of tax
• 33:30
  Speaker 2: subsidies on the table as much government money actually been
• 33:34
  Speaker 2: wasted or is it just sitting there waiting for them
• 33:37
  Speaker 2: to claim if they actually get off the ground.
• 33:42
  Speaker 4: Look, most of it is still in the latter category
• 33:45
  Speaker 4: where it's there to be claimed, like the two dollars
• 33:47
  Speaker 4: per kilogramm tax rebate. The funny thing is two dollars
• 33:51
  Speaker 4: per kilogram is about the price you need the final
• 33:53
  Speaker 4: product to be for it to ever have a chance
• 33:55
  Speaker 4: of having a market for it. And we're willing to
• 33:57
  Speaker 4: pay that much just as a bonus off the top
• 33:59
  Speaker 4: to bring the down a little bit, which is quite
• 34:01
  Speaker 4: quite outrageous. But at the moment, the real problem with
• 34:04
  Speaker 4: the hydrogen dream is that it underpins the whole narrative
• 34:07
  Speaker 4: and makes it possible for things like the Integrated System
• 34:09
  Speaker 4: Plan to basically on hopes and dreams of future hydrogen
• 34:13
  Speaker 4: exports over invest consumers' money on building massive transmission lines
• 34:19
  Speaker 4: around the country for a business case that doesn't stack
• 34:21
  Speaker 4: up when all the hydrogen projects fall over and the
• 34:25
  Speaker 4: renewable energy that's meant to flood into those at just
• 34:27
  Speaker 4: the right times doesn't get flooded in just the right time.
• 34:30
  Speaker 4: So it's been used as a prop a crutch to
• 34:33
  Speaker 4: basically keep a whole bunch of overinvestment, which is driving
• 34:36
  Speaker 4: up electricity prices going. And that's really sad for energy consumers.
• 34:40
  Speaker 1: And there's so much spin. Listen to our Labor government here.
• 34:45
  Speaker 3: We have an exciting ficture going forward in terms of
• 34:49
  Speaker 3: green hydrogen. Only Labor has the plan to ensure that
• 34:52
  Speaker 3: Australia is part of and is leading that hydrogen revolution.
• 34:57
  Speaker 1: Yeah, the green hydrogen revolution.
• 35:00
  Speaker 2: Give us the reality here, aiden is hydrogen being manufactured
• 35:04
  Speaker 2: in a green or renewable way anywhere in the world
• 35:07
  Speaker 2: on a commercial scale.
• 35:11
  Speaker 4: Basically no like this is even hard to figure out
• 35:14
  Speaker 4: what the current price is because there's just nobody really
• 35:16
  Speaker 4: trading it or buying producing on a commercial scale. It's
• 35:20
  Speaker 4: just so expensive and difficult to create the electoralizers. There's
• 35:23
  Speaker 4: so many phase changes to create the hydrogen and converted
• 35:26
  Speaker 4: back to electricity. It's extremely inefficient in terms of end
• 35:30
  Speaker 4: to end energy usage. You'd have to waste something like
• 35:32
  Speaker 4: seventy percent of the energy in total, So it's not
• 35:35
  Speaker 4: useful for cars, not useful as a big transport system.
• 35:38
  Speaker 4: It does not replace gas. Well, it's quite difficult to
• 35:41
  Speaker 4: handle it embrittles metals, so it's difficult to transport always
• 35:45
  Speaker 4: will be much more so than something like liquefied natural gas.
• 35:49
  Speaker 4: So there will be no revolution in that direction. And
• 35:51
  Speaker 4: that's now been admitted, even by a lot of green
• 35:53
  Speaker 4: groups and now admitting that it was over hyped massively,
• 35:56
  Speaker 4: and they're trying to argue that other alternatives such as
• 35:58
  Speaker 4: ammonia et cetera, will be more viable. But basically the
• 36:01
  Speaker 4: hydrogen bubble has well and truly burst. There is no
• 36:04
  Speaker 4: hope there's going to be a hydrogen superpower from Australia
• 36:07
  Speaker 4: or anywhere else in the world.
• 36:09
  Speaker 1: Aiden Morrison, thanks so much for joining us. There you go.
• 36:12
  Speaker 2: There's the expert expert verdict. The green hydrogen revolution is over,
• 36:17
  Speaker 2: but Labour's still talking about it and pumping your money
• 36:20
  Speaker 2: into it. The delusion in this country is over the top.
• 36:23
  Speaker 1: Now don't go away.
• 36:25
  Speaker 2: After the break, I'm going to do more talk about
• 36:28
  Speaker 2: these brave Palestinians in Gaza who are in the streets
• 36:32
  Speaker 2: protesting against the Hamas terrorists.
• 36:35
  Speaker 1: Alex Rivchen will join me next.
• 36:41
  Speaker 2: I want to get some big picture analysis of the
• 36:44
  Speaker 2: budget situation here in Australia, and for that I want
• 36:46
  Speaker 2: to go to Gigi Foster, who's a professor of economics
• 36:49
  Speaker 2: at the new University of New South Wales. Good to
• 36:51
  Speaker 2: talk to you again, Gig. We're right out of time today.
• 36:54
  Speaker 2: There's so much I've got to cram in in this
• 36:56
  Speaker 2: last part of the program. But I suppose, in a nutshell,
• 36:59
  Speaker 2: what I'd love to hear from you is how much
• 37:01
  Speaker 2: of a problem the debt situation is for Australia going
• 37:04
  Speaker 2: to a trillion dollars And is the way to fix
• 37:08
  Speaker 2: that more tax cuts or tax reform or do we
• 37:12
  Speaker 2: actually have, as some in the left wood side, we
• 37:15
  Speaker 2: need to increase taxes to piy it down.
• 37:17
  Speaker 1: What's our way out of this?
• 37:19
  Speaker 16: No, I definitely don't think we should be increasing taxes
• 37:22
  Speaker 16: on working people. I think it would be great to
• 37:24
  Speaker 16: address the corporate tax evasion problem and many of the
• 37:27
  Speaker 16: other structural problems in Australia's economy, from the excess debts
• 37:32
  Speaker 16: to the corruption, to the inflation, to the productivity slump.
• 37:35
  Speaker 17: I mean, there's a number of them that don't get
• 37:37
  Speaker 17: addressed at all in this budget.
• 37:39
  Speaker 16: Of course, what we see is as you would expect
• 37:41
  Speaker 16: leading into an election, lots of handouts.
• 37:43
  Speaker 17: To various different groups for various different.
• 37:45
  Speaker 16: Purposes, lots of virtue signaling on obviously the green energy
• 37:49
  Speaker 16: agenda and also in terms of women's health and aged
• 37:52
  Speaker 16: care and childcare, but without really taking seriously the structural
• 37:55
  Speaker 16: problems in those sectors. And I actually think we could
• 37:59
  Speaker 16: do a lot better with a lot less. The problem
• 38:01
  Speaker 16: with debt, as we've discussed before, Chris, is that when
• 38:04
  Speaker 16: you have to pay it back, every dollar you're paying
• 38:06
  Speaker 16: it back with is not going to something else that
• 38:09
  Speaker 16: directly helps Australian people. And so that was the reason
• 38:13
  Speaker 16: I was worried about the deficit spending during the COVID era.
• 38:17
  Speaker 17: And we are still spending on the debt that.
• 38:21
  Speaker 16: We are masked during that era, and nobody really seems
• 38:24
  Speaker 16: to be talking about that anymore. But because we are
• 38:27
  Speaker 16: spending repaying the debt, we're not spending on actual structural reform.
• 38:31
  Speaker 2: But when we're looking at what alternative paid to doubt
• 38:33
  Speaker 2: and could put up, for instance, it might pay to
• 38:37
  Speaker 2: deliver tax reform that is cut some taxes perhaps corporate
• 38:41
  Speaker 2: taxes to encourage investment and growth, even if that increases
• 38:45
  Speaker 2: your deficits in the short term.
• 38:48
  Speaker 16: Sure, if you have an increase in the deficit for
• 38:50
  Speaker 16: reasons that are going to stoke productivity, I have no
• 38:53
  Speaker 16: problem with that at all. I think that's exactly the
• 38:55
  Speaker 16: kind of government spending that you want. The problem with
• 38:58
  Speaker 16: a lot of the COVID era spending is it wasn't
• 39:00
  Speaker 16: to increasing the productivity or ultimate long run welfare of Australia.
• 39:05
  Speaker 17: So of course, if.
• 39:06
  Speaker 16: We can find ways and that's exactly what we should
• 39:08
  Speaker 16: be doing to invest in Australia's productive capacity and it's
• 39:12
  Speaker 16: health and wealth.
• 39:13
  Speaker 17: Going forward, then we should.
• 39:14
  Speaker 16: And there are some things in this budget that look
• 39:17
  Speaker 16: like they're moving in that direction, such as filling in.
• 39:19
  Speaker 17: Childcare deserts for example.
• 39:21
  Speaker 16: I think also increasing the number of gps we have
• 39:24
  Speaker 16: relative to specialists, because gps actually are better at delivering
• 39:28
  Speaker 16: healthcare that is cost effective relative to specialists often. So
• 39:32
  Speaker 16: there are some things that I like, but in general,
• 39:35
  Speaker 16: this is a lot of cash flashes, and there really
• 39:37
  Speaker 16: is no attempt to address the ongoing debt crisis or
• 39:40
  Speaker 16: the structural problems in many sectors that are holding the
• 39:42
  Speaker 16: economy back, including overregulation, government overreach and overbureucanization.
• 39:47
  Speaker 2: Yeah yeah, Ggi Fuster, thanks for joining us again. I
• 39:51
  Speaker 2: appreciate it. Gigi Foster there, who's the professor of economics
• 39:54
  Speaker 2: at the University of New South Wales. Now I showed
• 39:56
  Speaker 2: you earlier the brave protests against Hamas in Gaza. Just
• 40:00
  Speaker 2: think about the courage involved in doing this. Now we
• 40:19
  Speaker 2: believe this has happened on and off over the past year.
• 40:21
  Speaker 2: It's hard to know what goes on in Gaza because
• 40:24
  Speaker 2: Humas has so much control there, But if it has happened,
• 40:27
  Speaker 2: it's often been ignored by the media. And now the
• 40:29
  Speaker 2: protests are bigger and they're getting attention. Let's go to
• 40:32
  Speaker 2: Alex Rivchen from the Executive Council of Australian Jury.
• 40:36
  Speaker 1: Thanks for joining us, Alex.
• 40:37
  Speaker 2: The point I made at the top of this program
• 40:40
  Speaker 2: is if Palestinians in Gaza can point out that Hummas
• 40:44
  Speaker 2: are terrorists and that they should hand back the hostages
• 40:47
  Speaker 2: as a pathway to peace, then what does that say
• 40:49
  Speaker 2: about their apologists on the streets of Australian cities and
• 40:55
  Speaker 2: other Western countries.
• 40:57
  Speaker 8: It says what I think we've all known for a
• 40:59
  Speaker 8: long time, which is those that call themselves a pro
• 41:02
  Speaker 8: Palestinian movement in this country and in Western countries around
• 41:05
  Speaker 8: the world are actually pro Hamas and viciously anti Israel.
• 41:10
  Speaker 8: That is why the lead advocates for the so called
• 41:12
  Speaker 8: Palestinian cause are silent today when they should be rejoicing
• 41:16
  Speaker 8: and seeking to elevate and raise these voices. It's interesting
• 41:19
  Speaker 8: to note that the protesters in Gaza are also calling
• 41:21
  Speaker 8: out Al Jazeera as a propaganda tool of the Katari regime,
• 41:25
  Speaker 8: and yet in the West and including in Australia, it
• 41:28
  Speaker 8: has beamed into our living rooms, often uncritically. But at
• 41:31
  Speaker 8: the same time, I think we need to be a
• 41:33
  Speaker 8: little bit skeptical about this protest movement that's burgeoning and
• 41:36
  Speaker 8: that we're seeing on our screens. Overwhelmingly, we've seen in
• 41:40
  Speaker 8: polling over the years great support for Hamas, both in
• 41:43
  Speaker 8: the West Bank and in Gaza. We saw our for
• 41:45
  Speaker 8: October seventh again overwhelming support for those atrocities. Hamas was
• 41:49
  Speaker 8: democratically elected in two thousand and six and the only
• 41:52
  Speaker 8: democratic elections the Palstin people have ever had. But again,
• 41:56
  Speaker 8: if there has been an awakening Palestine society, that Hamas
• 41:59
  Speaker 8: has bought them nothing but misery and ruin and squallor,
• 42:03
  Speaker 8: and they finally want to take a different path. They
• 42:05
  Speaker 8: need voices in the West to elevate them to march
• 42:07
  Speaker 8: in solidarity with them, to embold in more people to
• 42:10
  Speaker 8: join this movement, to finally overthrow this regime and bring
• 42:14
  Speaker 8: some sort of dignity and peace to the people.
• 42:16
  Speaker 2: That would be wonderful to see. And I agree with
• 42:19
  Speaker 2: that sentiment wholeheartedly. But what do you think from past experience,
• 42:24
  Speaker 2: what do you expect to happen to these people?
• 42:26
  Speaker 1: Will, how mus try and crash this descent.
• 42:29
  Speaker 8: I think they certainly will. Hamas has always brutally suppressed
• 42:33
  Speaker 8: any opposition, and when they were elected in two thousand
• 42:35
  Speaker 8: and six, their first order of business was totally cleansing
• 42:39
  Speaker 8: the Gaza strip of any political enemies, of any civil
• 42:43
  Speaker 8: society that can mounted opposition to them, including the trade unions,
• 42:46
  Speaker 8: in the most ghastly ways imaginable. But this is also
• 42:50
  Speaker 8: a testament to the role that Israel has played over
• 42:52
  Speaker 8: the past sixteen months in crippling Hamas, in diminishing their
• 42:57
  Speaker 8: ability to control their people and exercise power. And one
• 42:59
  Speaker 8: of the things Israel has sought to do is to
• 43:01
  Speaker 8: take out its leadership by the military Sibyl, to allow
• 43:05
  Speaker 8: something to take its place, and hopefully this is the
• 43:07
  Speaker 8: beginning of that.
• 43:08
  Speaker 1: Thanks for joining us, Alex.
• 43:09
  Speaker 2: I appreciate Alex Ripchin there and the point he makes
• 43:12
  Speaker 2: there is one that hasn't been focused on enough in
• 43:14
  Speaker 2: the media in the last few days, and that is
• 43:15
  Speaker 2: these latest attacks from Israel have taken out a lot
• 43:19
  Speaker 2: of the Hummas leadership.
• 43:20
  Speaker 1: Maybe that's the dividends we're seeing. Now. We're going to
• 43:22
  Speaker 1: get to a break then we'll wrangle.
• 43:24
  Speaker 2: One of the things we'll look at is all the
• 43:25
  Speaker 2: carrying on in politics in Canberra, including some fishy politics. Okay,
• 43:35
  Speaker 2: let's wrangle with Liz and Justin. Liz store a co
• 43:38
  Speaker 2: host of the Late Debate on the set with me
• 43:39
  Speaker 2: and Justin Smith beaming in from the wonderful city of Melbourne,
• 43:43
  Speaker 2: confit on the weekend by the Adelaide Crows.
• 43:45
  Speaker 1: Of course I haven't talked anyway.
• 43:52
  Speaker 2: Look, there's been far too much serious analysis of the
• 43:55
  Speaker 2: budget this program tonight, because it's a budget of garbage
• 43:59
  Speaker 2: and delusion. So let's get into some of the site
• 44:02
  Speaker 2: issues in Parliament this week. And I want to start
• 44:04
  Speaker 2: off by showing this clip of the Prime Minister wanting
• 44:07
  Speaker 2: to show the whole country that he's down with the kids.
• 44:11
  Speaker 1: Listen to this language.
• 44:13
  Speaker 3: And those opposite had the hide this morning out there
• 44:16
  Speaker 3: on their TV roundup to speak about a stronger economy
• 44:23
  Speaker 3: and to speak about fiscal policy was well missed a speaker.
• 44:27
  Speaker 11: They are delulu with no Slulu, mister speaker, they.
• 44:32
  Speaker 12: Are completely delusional.
• 44:35
  Speaker 1: Wow, de lulu with no Salulu. Help us out here.
• 44:38
  Speaker 1: List all the gen.
• 44:40
  Speaker 18: Zs are like, oh yeah, this is perfect.
• 44:42
  Speaker 1: This is their lingo.
• 44:43
  Speaker 18: And he gave you half of the interpretation there, but
• 44:47
  Speaker 18: he didn't go into the details of exactly what they're
• 44:50
  Speaker 18: supposedly deluded about. In fact, it was his treasurer who
• 44:54
  Speaker 18: just last night did speak about, oh, strong economy. This
• 44:57
  Speaker 18: is the turning point, you're all we look out, We've
• 45:00
  Speaker 18: just got to turn this corner. Of course, after that
• 45:03
  Speaker 18: corner will be several more corners, but they're not alluding
• 45:07
  Speaker 18: to that at the moment.
• 45:08
  Speaker 2: Well, you know he's down with the kiddos, isn't he
• 45:10
  Speaker 2: justin have a look at this.
• 45:11
  Speaker 1: So you just he's a DJ as well.
• 45:15
  Speaker 11: The only good thing about Tory governments is it produces
• 45:18
  Speaker 11: good music in protest. That was against Margaret that you
• 45:23
  Speaker 11: this is against John Howard.
• 45:29
  Speaker 2: J the cringe Factor justin he's the down with the kids,
• 45:35
  Speaker 2: radical anti establishment DJ and he's.
• 45:38
  Speaker 1: De Lulu with no Selulu.
• 45:42
  Speaker 19: If if you ever play either of those clips again,
• 45:45
  Speaker 19: you'll have your first walk out of the n.
• 45:51
  Speaker 1: Anytime.
• 45:51
  Speaker 19: Look at any time any politician, male or female, or
• 45:55
  Speaker 19: blue or red, any of them try to get down
• 45:57
  Speaker 19: with the kids.
• 45:57
  Speaker 1: It never ends well. Neither of those who ended well.
• 46:02
  Speaker 19: Hope it doesn't carry through to the campaign, but it
• 46:04
  Speaker 19: will now it will.
• 46:07
  Speaker 1: Expect more of this nonsense in the campaign. I'll tell
• 46:09
  Speaker 1: you what.
• 46:10
  Speaker 2: I don't like to highlight absolute stunts in Parliament because
• 46:13
  Speaker 2: it encourages them. But we've got to show you this
• 46:15
  Speaker 2: one where we've had Paul Keating in the past talk
• 46:18
  Speaker 2: about political carcases swinging in the breeze, but I've never
• 46:22
  Speaker 2: seen anyone take a carcass into Parliament before.
• 46:26
  Speaker 1: Have a look at this.
• 46:28
  Speaker 9: On the eve of the election, had you sold out
• 46:31
  Speaker 9: your environment credentials, growing often stinking.
• 46:36
  Speaker 1: And attention salmon hats in salmon.
• 46:40
  Speaker 2: Senate share hats, Young removed the crop from the chamber and.
• 46:46
  Speaker 1: She dropped the dead fish on the table. What's going
• 46:49
  Speaker 1: on here?
• 46:50
  Speaker 18: All know that this isn't allowed. Remember Morrison with his
• 46:54
  Speaker 18: lump of call, he got in trouble. Then there was
• 46:57
  Speaker 18: Senator Hansen with her here jab you're not allowed to
• 47:02
  Speaker 18: use props in the chamber. So they do this to sensationalize.
• 47:06
  Speaker 18: I can only imagine this has got everything to do
• 47:09
  Speaker 18: with the Tasmanian salmon industry, which these crazy environmentalists are
• 47:13
  Speaker 18: trying to target. The Libs are saying, we will save
• 47:16
  Speaker 18: this industry that brings in millions of dollars every year
• 47:20
  Speaker 18: and employs a heck of a lot of people in Tasmania,
• 47:24
  Speaker 18: and these guys want to do it to what salmon
• 47:26
  Speaker 18: well fed.
• 47:28
  Speaker 1: I didn't know fair, I didn't know there's a serious
• 47:30
  Speaker 1: issue behind it.
• 47:31
  Speaker 2: Justin I thought she was complaining about the price of
• 47:34
  Speaker 2: salmon salads down in Assy's cafe.
• 47:38
  Speaker 1: Pad.
• 47:39
  Speaker 19: I think you too a little bit down on this.
• 47:41
  Speaker 19: I think there should be more of it. Imagine if
• 47:43
  Speaker 19: we had a probably the most interesting thing that happened
• 47:46
  Speaker 19: in the Senate that day, I would say, let's have
• 47:48
  Speaker 19: a prop for absolutely three every debate, every answer, every question,
• 47:52
  Speaker 19: Let's have a prop that goes with it, and let's
• 47:54
  Speaker 19: say if we can get people watching Parliament again, Let's say.
• 47:57
  Speaker 1: If we can get them interested.
• 47:58
  Speaker 2: Again, as long as you get Chris Bowen in there
• 48:01
  Speaker 2: with one of those little windmills on his head, that
• 48:04
  Speaker 2: would work for me. Now, political promises and breaking them,
• 48:08
  Speaker 2: here's the Queensland Premier, David Chris a fully again, I.
• 48:12
  Speaker 9: Have to own that, and I will, and I am sorry,
• 48:17
  Speaker 9: and it's my decision and I accept that decision. But
• 48:21
  Speaker 9: I've made the right choice and I've made the choice
• 48:23
  Speaker 9: that Queenslanders will see and they will see why.
• 48:26
  Speaker 4: We made it.
• 48:27
  Speaker 9: And I wasn't prepared to take the politically easy option
• 48:31
  Speaker 9: when the truth is that wouldn't be at the benefit
• 48:33
  Speaker 9: of the state.
• 48:34
  Speaker 2: Now he promised no new stadium, now he's delivering one.
• 48:37
  Speaker 1: Justin, is that fair enough? You own up, you broke
• 48:39
  Speaker 1: the promise, You try and move on.
• 48:42
  Speaker 19: It's not about apology, but it would have been better
• 48:44
  Speaker 19: for he had been holding a fish.
• 48:46
  Speaker 1: The people I feel really sorry for.
• 48:48
  Speaker 19: Though, is whenever a promise is broken, you've got to
• 48:52
  Speaker 19: think about the people who would have voted for him.
• 48:56
  Speaker 19: Because he wasn't going to build that stadium to which
• 48:59
  Speaker 19: there would have been quite a few, you know, So
• 49:00
  Speaker 19: they're the people to think about. They it's not just
• 49:03
  Speaker 19: sort of you know, commentators or even people of Queensland
• 49:07
  Speaker 19: on the outside of it. But those people who directly
• 49:10
  Speaker 19: didn't vote for him for that reason, they're always the
• 49:12
  Speaker 19: pull buggers in the middle of this, aren't they.
• 49:14
  Speaker 1: Yeah.
• 49:15
  Speaker 2: Indeed, look, I wanted to finish on one other issue
• 49:17
  Speaker 2: and get Liz's thoughts on this. Remember we showed you
• 49:19
  Speaker 2: Tim Walls, the former candidate, the vice president, gloating about
• 49:23
  Speaker 2: the dive in Tesla's share prices or how to look
• 49:27
  Speaker 2: what happened after he's gloating saying on.
• 49:30
  Speaker 20: My phone, I don't see you know this on the iPhone.
• 49:32
  Speaker 20: They've got that little stock app. I added Tesla toe
• 49:35
  Speaker 20: to give me a little boost during the.
• 49:36
  Speaker 4: Day two twenty five and dropping.
• 49:41
  Speaker 15: So, and.
• 49:47
  Speaker 20: If you own one, if you own one, we're not
• 49:49
  Speaker 20: blaming you. You can you can take dental floss and
• 49:52
  Speaker 20: pull the Tesla thing off, you know, and take out
• 49:54
  Speaker 20: of just telling you, yeah.
• 49:56
  Speaker 1: Liz on the back of his bagging the stock rose eleven.
• 50:00
  Speaker 17: Well, Elon needs it to raise a lot.
• 50:03
  Speaker 1: More than that.
• 50:04
  Speaker 18: Tesla shares have plunged fifty percent just over the last
• 50:08
  Speaker 18: three months, and these takedown Tesla now domestic terrorists, as
• 50:13
  Speaker 18: the Trump administration is calling them, They're responsible for quite
• 50:16
  Speaker 18: a lot of that. They intend for this to keep going.
• 50:19
  Speaker 18: They know that Elon must despite being the richest man
• 50:22
  Speaker 18: in the world, sixty percent of his wealth is wrapped
• 50:26
  Speaker 18: up in Tesla, So if they can do enough damage,
• 50:29
  Speaker 18: they're literally targeting the magnum opus of his wealth.
• 50:32
  Speaker 1: They probably need more statements from Tim Wahlesan to help
• 50:35
  Speaker 1: the out. Keep it up, buddy, thanks for joining us.
• 50:38
  Speaker 1: Listen justin. We'll catch you next week. That's all the
• 50:40
  Speaker 1: time we got for you. Here's Peter Kredlin.