If the government didn't spend money, 'millions would be unemployed' | Sky News Australia

Australia News News

If the government didn't spend money, 'millions would be unemployed' | Sky News Australia
Australia Latest News,Australia Headlines
  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 78%

Sky News host Paul Murray says if the government didn’t spend money, millions of people would be unemployed.

Mr Frydenberg handed down the federal government’s budget on Tuesday night, which confirmed Australia's large and unprecedented debt deficit.

Mr Murray said the bumper sticker at the heart of this “is to make sure as many people as possible can hold on by their fingernails and then turn that fingernail grip into one where they can start to lift themselves up on the monkey bars and eventually get back into the game.” “The alternative is businesses shut and millions of people, especially those over the age of forty who will never return to the workforce," he said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SkyNewsAust /  🏆 7. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'There is a wage theft crisis' in Australia | Sky News Australia'There is a wage theft crisis' in Australia | Sky News AustraliaFormer Labor candidate Sam Crosby says there is a “wage theft crisis in this country”. \n\n“At the 2019 election, Scott Morrison presented his vision for Australia in a simple credo: if you have a go, you'll get a go,” Mr Crosby said. \n\n“But for too many workers in Australia, their employers are not living up to this basic bargain”. \n\nMr Crosby said up to $6 billion is “pinched from workers’ back pockets every year” from a minority of “dodgy bosses” and unregulated labour hire businesses.\n\n“It affects hundreds of thousands of Australians and migrant workers, it undercuts every business that does the right thing, paying their staff properly, and it damages our reputation overseas with foreign workers getting ripped off on our shores. \n\n“Yet, despite the mountains of evidence of deliberately underpaying a worker, they still aren't punished with criminal sanctions in most of Australia,' he said. \n\n“But after years of federal government inaction, this year, the Queensland and Victorian governments have made wage theft a crime.\n\n“We have to lean on our small businesses to lift us out of this recession, surely the least the government could do is to ensure that they're fighting on a level playing field. \n\n“It's time to criminalise wage theft in this country.' \n
Read more »

Queensland poised to seal Virgin Australia deal | Sky News AustraliaQueensland poised to seal Virgin Australia deal | Sky News AustraliaThe Queensland government is expected to announce a deal on Monday to keep the Virgin Australia headquarters on the Sunshine Coast.\n\nQueensland Treasurer Cameron Dick has ordered officials to finalise the $200 million agreement with the United States based private equity firm Bain Capital before the start of the state election campaign.\n\nBoth major parties are preparing to launch major campaigning operations on Tuesday. \n
Read more »

If no vaccine comes, Australia will have 'wasted decades worth of debt' | Sky News AustraliaIf no vaccine comes, Australia will have 'wasted decades worth of debt' | Sky News AustraliaSky News host Chris Kenny says without an effective vaccine, Australia will need to learn to live with the virus but would have wasted decades worth of debt and a whole year because it pretended COVID was a temporary, not long-term challenge. \n\n“Have we shut down too hard, too long, especially in Victoria, adding unnecessary economic pain to our health challenge,” he said. \n\n“It only makes sense if there is a vaccine, and we still haven't got one, and the budget is predicated on us getting one next year.\n\n“Let's hope there is a vaccine, in reality, some sort of a vaccine will be used I reckon, even if it is not highly effective they’ll get it out there and it will give governments some cover to open up more ... but I still worry we have mismanaged this threat very badly.”\n\nMr Kenny said those countries which had higher mortality rates at first, but falling rates now, might not have been reckless but are likely just ahead of where Australia will eventually end up. \n\n“Except we've blown the bank along the way,” he said.\n\n'Only time will tell whether Sweden, the US, the UK and others are actually coming to grips faster with a reality we can't stave off, or whether our expensive efforts to disrupt out economy will get us through relatively unscathed, in a health sense.'\n
Read more »

'God forbid' people decided to go to the beach: Murray | Sky News Australia'God forbid' people decided to go to the beach: Murray | Sky News AustraliaSky News host Paul Murray says on Monday “lefty news sites” were telling people to watch out because corona 3.0 could be coming “via a few people getting down to their unmentionables before going for a swim”. \n\nMr Murray said on Monday it was a hot day in Sydney, and “God forbid, people decided to go to the beach”.\n\nHe said, “Lefty news sites”, including the SBS were warning people the multitudes at the beach could bring about another COVID outbreak.\n\n“Calm down,” Mr Murray said. \n\n“It was a lovely warm day, people are allowed to go to the beach.\n\n“While it is very uncomfortable news for the paranoid puppet Premier Palaszczuk up in Queensland, New South Wales has gone 10 days in a row now without community transmission,' he said. \n\n
Read more »

'Our budget plan will see Australia a stronger nation': Treasurer | Sky News Australia'Our budget plan will see Australia a stronger nation': Treasurer | Sky News AustraliaTreasurer Josh Frydenberg has reaffirmed the 2020-2021 budget will prioritise Australian jobs as he delivered a speech at a press conference ahead of tonight's budget reveal. \n\nHe touted the Morrison government’s “unprecedented” amount of support for Australians during the coronavirus crisis. \n\nThe treasurer is expected to hand down a record-spending budget in response to the devastating economic impact of the pandemic. \n\n'Our plan will create opportunity. Our plan will drive investment. Our plan will grow the economy and guarantee the essential services Australians rely on,” Mr Frydenberg said. \n\n“Our plan will see Australia a stronger nation”. \n\nMr Frydenberg highlighted the nation’s slow recovery in past recessions saying 'unemployment goes up the elevator and comes down the stairs'. \n\n“We want to move faster than that.” \n\n
Read more »

Australia is heading towards a ‘socialist future’: Maurice Newman | Sky News AustraliaAustralia is heading towards a ‘socialist future’: Maurice Newman | Sky News AustraliaFormer ABC chairman Maurice Newman says Australia is moving to a socialist future because there are no plans to rein in spending.\n\n“That’s where we’re headed, I don’t want to sound alarmist, some people may not be alarmed by the prospect of a socialist future, but we are headed in that direction,” the former stockbroker said.\n\n“Because there are no plans that I have seen to rein in this expenditure, there’s no plans that I have seen to reduce energy costs by a substantial amount, nothing to do away with a lot of the red and green tape which is hampering businesses, particularly small businesses, and the IR reforms that are necessary – that discussion is not on the table.\n\n“Until we get to those sorts of issues, the prospect of growth is, I think, very difficult to have in any sort of sensible way.”\n\nMr Newman told Sky News host Peta Credlin gross debt had reached such a lofty figure it’s become “mind-boggling”.\n\n“If you go back three years, we were $573 billion gross debt, we’re now $1.1 trillion gross debt,” he said. \n\n“And just going back 13 years we were $75 billion.\n\n“We’re getting to the stage now where we’re really looking down the barrel of however we are going to pay this money back.\n“And I think this is a real challenge.”\n\nMr Newman also pointed out the looming debt growing in the states.\n\n“If you look at state debt, just Queensland and Victoria, out to 2023 we’re looking at something like $170 billion worth of debt there as well,” he said.
Read more »



Render Time: 2025-03-17 06:23:35