A a prime minister who can’t credibly explain how he’ll deal with a cost of living crisis is a prime minister asking for the sack. auspol ausvotes ausvotes22
for six months, giving pensioners and other concession cardholders one-off cash payments of $250 each, and giving a one-off tax offset of $420 for low- and middle-income earners.But this doesn’t constitute a policy response to rising prices. These measures are gimmicks. The cost of living will keep rising. These supposed offsets will all be gone and forgotten by September. Worse, the combined cost to the taxpayer is $8.6 billion. That goes straight onto the national debt.
Which is, of course, nonsense. This government is hopeless with budget management. The pandemic emergency has passed but the spending continues to grow, deficits continue to run and the national debt heads towards $1 trillion. The national debt hasn’t been this big since 1956, as a proportion to the economy.
Labor turned out to be the party with actual policy responses. To both crises. True, they’re very modest. They’d have little effect if implemented. But they’d do no harm and might help at the margin.. Its overall effect would help bring the region’s nations closer to Australia. The main elements are five.
Wong contrasted her policy with the government’s: “Their response appears to be more chest-beating. There is no point in beating your chest if you’re beaten to the punch.”The government’s response to Labor’s proposals? It was dismissive. Morrison said: “I sent in the AFP [Australian Federal Police], the Labor Party wants to send in the ABC.”
The economy is different. Federal elections are won and lost on it. Growth is strong, but governments have lost elections in times of rising growth. The Howard government, for instance. The government’s greatest gain here was Albanese’s self-inflicted damage in taking a wild stab at the unemployment rate. And getting it wrong.
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