Tag: Budget 2022

A politically safe budget lacking in courage to tackle energy prices, fossil fuel profiteering, housing

Jim Chalmers and his budget

Unlike Abbott and Hockey’s first budget from hell was meant to prepare the way for sweeteners in three years’ time. It ended both their careers. It was hardly a model of responsibility over the next decade Morrison guaranteed that taking the nation’s debt from $300M to $900+ M without visible benefit. At least the debt under the ALP delivered us the NDIS.

Jim Chalmer’s first Federal Budget was delivered this week. Politically astute, yet containing few surprises or significant reform measures, it was a budget lacking in courage to tackle the big challenges. Kim Wingerei reports.

Source: A politically safe budget lacking in courage to tackle energy prices, fossil fuel profiteering, housing

Michael Pascoe: The budget without reply

budget reply

Next Thursday the Sydney Liberal Party faithful are being invited to pay $880 a seat for lunch and to listen to a budget reply by Opposition Leader Peter Dutton and shadow treasurer Angus Taylor.

As a value proposition, it will need to be extremely fine food and wine as the opposition has no budget reply.

Oh, there will be words said, as there will be on Thursday night when Mr Dutton delivers his official speech in Parliament. But it is guaranteed to fit Macbeth’s view of life, “a tale told by an idiot, full of sound and fury, signifying nothing”.

I’ve been covering federal budgets closely for four decades of my near half-century in journalism. None of the preceding 39 has so quickly and comprehensively destroyed the previous government.

Quite simply, there is nobody on the opposition benches with the required credibility to be able to offer a meaningful critique…….

Source: Michael Pascoe: The budget without reply

Out of the Frydenberg and into the fire ahead of the budget, with debt and deficits for at least another decade – ABC News

Ongoing deficits graph Verrender column

In 2012 We were in Bad Shape  the Sky was Falling in. In 2022 We are told we are in Good Shape because of the LNP has taken our debt from 10% under the ALP to 40% of GDP. Claiming no fault of theirs how is it possible because Morrison doesn’t lie? Oh easy, throw facts out and simply say }it would have been worse under the ALP and call that a predictable truth.

When Tony Abbott was elected prime minister, our net debt sat at around $200 billion, or about 10 per cent of the size of our economy. He proclaimed it a disaster. It wasn’t. Our debt had doubled by the time the pandemic hit and, at just under 20 per cent of GDP, it still wasn’t a problem. It’s due to hit 40 per cent within the next year or so — at around $1 trillion —

Source: Out of the Frydenberg and into the fire ahead of the budget, with debt and deficits for at least another decade – ABC News

Budget 2022: Time to ‘double down’ on our science investment – » The Australian Independent Media Network

A submission to the current anti-science Government of the past 8 years.

Science & Technology Australia President Professor Mark Hutchinson urged the Government to use the 2022 Budget to safeguard the future of our science talent, institutions, and infrastructure. “The lessons of the past few years are clear. We must invest deeply in science and scientists. The success of science is crucial to our safety.”

Source: Budget 2022: Time to ‘double down’ on our science investment – » The Australian Independent Media Network