Would Labor do any better? It’s hard to imagine it could do worse. | OPINION by Peter Hartcher auspol ausvotes ausvotes2022 ausvotes2022
If you stand in front of Old Parliament House in Canberra, looking across Lake Burley Griffin, you’ll see that there’s an unobtrusive yet serious-looking office building on each flank.
Labor, he tells us, can’t manage money. It’s weak on national security, he claims in increasingly shrill tones, and even goes so far as to accuse Labor’s leaders of treachery, of being “on China’s side”. One was confirmed a little over three weeks ago in the federal budget. The other was confirmed in Beijing and Honiara.
Let’s be plain. When Morrison and Frydenberg claim that Labor “can’t manage money”, they are being shamelessly hypocritical. Their budget papers project that the debt will continue to rise to peak at 44.9 per cent in two years’ time. Close to twice as bad as the worst performance by a Labor government in the last half-century.James Brickwood
Debt will matter even in some rich countries. Especially in a country with Australia’s distinct features. One, Australia confronts a great power that has declared itself hostile with trade boycotts, a political freeze and 14 demands on Australia’s sovereign rights.
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