Below the radio grabs and the inevitable 'does my budget look inflationary in this?' back-and-forth of the budget, there thrums two fascinating and revelatory stories.
— the $300 power bill rebate for every household and the extra rent assistance and the tax cuts and the inevitable "does my budget look inflationary in this?" back-and-forth that will no doubt accompany its release to economists everywhere, including the ones at the Reserve Bank that really matter — there thrums a fascinating and revelatory story.And the second, it's related, is called:Over the next 10 years, the budget reports, Australia will spend $19.
Dams, fast trains, all sorts of tempting chew toys were poked into the National Party leader's pram to distract him from the fact that he was signing up to something he hated. And we did have a debate about it in Australia in 2007, when John Howard took an interest and commissioned former Telstra CEO Ziggy Switkowski to examine the feasibility of domestic nuclear power. The idea fell into a million pieces during that year's election campaign, which Kevin Rudd spent his visits to key electorates wondering aloud to voters whether they'd be getting a John Howard nuclear reactor in their backyard. Game over.
And it is. But there are plenty of comparable economies around the world doing a similar thing, including most of our closest allies. And the Coalition — which under Tony Abbott's Direct Action plan actually paid polluters to pollute less and has always been comfortable with diesel fuel subsidies and so on — might struggle to make this argument with a straight face.
For the clean energy sector — which for more than a decade in this country slogged away on wind and solar while prime minister after prime minister was ripped down over the shrill and tribal screaming-match about whether climate change was even a thing — this budget must be a positively arousing read.And the path to electoral victory? Well. The Future Made In Australia package will allow the prime minister to travel around Australia describing actual projects that will create actual jobs.
Climate Climate Wars Federal Budget Albanese Chalmers Future Made Manufacturing Annabel Crabb Net Zero Climate Change
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