Economists urge Albanese government to stop budget ‘spend-a-thon'
Shadow Treasurer Angus Taylor has accused the Albanese government of being “addicted” to spending.
There is growing concern the Albanese government’s Future Made in Australia agenda could exacerbate inflation.
Independent economist Chris Richardson warned it could lead to increased budget deficits over time as a result.
“This is why we are hearing economists from many quarters coming out and saying they have got to stop the spend-a-thon,” Mr Taylor told Sky News Australia.
“We have seen inflation data coming out just in the last week or so where inflation is going up, not down.”
Пікірлер: 119
Labor is fully occupied with vote buying economics has nothing to do with it.
@helenowen5408
Ай бұрын
Yep one election in qld one in the NT and the federal all coming up so outcomes the chequebook 🤣🤣👍🍺🇦🇺
Australians can't afford to leave this Federal Labor govt in power.
Stop spending $40 Billion on the ABo industry...
@jamesmclntosh3017
Ай бұрын
Don't say the truth, we Guttless Australians cant handle it
Australian's urge Albanese to enrol in pre-school.
@bryanp4827
Ай бұрын
Bit beyond him I think...
Buy the vote,then tax you more....
Inflation also increases domestic violence.
@Martin_Priesthood
Ай бұрын
😂🤕🤒☹️
@letmeexplain1816
Ай бұрын
It does, for sure
@Martin_Priesthood
Ай бұрын
@@letmeexplain1816 🤣😂
@letmeexplain1816
Ай бұрын
@Martin_Priesthood.... It's only understandable, I know, and have seen for myself of people worrying about their finances, their kids' future, and repayments they can't make, and the pressure and stress of it all. I bought a homeless guy fish and chips the other day and gave it to him, and we got talking, and this is exactly what happened to him, hardship, anxiety, worry and stress caused his marriage breakdown. and that, my friend, is no laughing matter.
@Martin_Priesthood
Ай бұрын
@@letmeexplain1816 👌 when you have all that to worry about it will definitely have an impact on family. .
Labor is like the rogue administrator of your estate who is accountable to no one and just recklessly spends your money and finally sends you broke.
Ah yes, the "Budget of BS" from FAKE & FUDGE
@ZELJKO472
Ай бұрын
Anyone believing them may as well buy a used car from a back alley junkyard. I think they would be regular viewers of MKR and Farmer Wants a Wife too such is their gullibility
😡😡 HEY ALBO THE HOMELESS WANT TO SPEAK TO YOU 🤑🤑😡😡😡😡😡😡😡😡😡😡
@Dash829
Ай бұрын
My security before I go to bed , what is the best tents I can invest in and safety. I work
No chance of a stop to spending when your main focus is buying votes
@antontsau
Ай бұрын
If citizens sell their votes - someone will buy them, no doubts
It's a real shyte show when you run out of other people's money to spend
got to laugh at these MP's who try and put themselves in the normal working class we all don't make six figures a year plus perks
@antontsau
Ай бұрын
Ummmm, 50ph base is not the greatest rate for usual working tradie. And this is 6 digits total.
Albo has plenty of money for things that are for women.
Running an economy, is beyond Chalmers capabilities,,
@letmeexplain1816
Ай бұрын
He runs after Albo like a little lap-dog, he's a real desperado !!
Australia's are screwed
Sack albo now
Cut the fuel TAX this will bring down business transport costs and inflation will drop and a little bit in pplxlz pocket
@ricky6864
Ай бұрын
Woolies will still up their prices
@Leonardo555ZZZZ
Ай бұрын
@@ricky6864 Don't be fooled by Labor's blame shifting. Higher transport , fuel and electricity costs forces up the cost of everything you buy in a supermarket.
@leighagnello7993
Ай бұрын
@@ricky6864 then we will 110% know they are price gouging
How about answering the questions!!
Lower Australia debt that's anti inflation.
The mugs need to go 😡
Kieren WAKE UP & realise how incompetent Albo & his clowns are🤡 .. Kieren you ask VERY NAIVE questions🙄
Labor will always spend more,vote them out.
Billions given to renewables businesses that are economically unviable without government handouts and mandates.
@mckenziehellenann
Ай бұрын
Dream up a scheme to save the planet and this Government will give you what you want..
Albanese won't stop spending and he doesn't have a treasurer that knows how to control the money.
@mckenziehellenann
Ай бұрын
The bloke doesn't even have an accountancy degree..he's clueless 😢
another DH giving advice to another DH
Yep. The old line. Labor are bad economic managers. The LNP knows what bad economic managers look like…….
They inherited a trillion dollar debt, but i wonder how much debt they will leave for the next government.
Buy, tax, buy and tax more!
That's like leaving a bag of lollies on the table and telling the kids not to eat them.😅
Exactly
Recklessly spend then recoup via interest rates & taxpayers yep sounds about right
More help for students and STILL NO help for people with disabilities who live independently. Thanks Albo.
It is very obvious that during the Hawke-Howard-Abbott era, a conscious bi-partisan decision was made to end manufacturing in Australia to make it easier for the top end of town to prosper, Our problem in Australia is many of us have an identity problem which causes us vote contrary to our own best interests,
ALBO is way ahead of these Libs isn't he ?
The budget view is the next 4 years to future developments. Spending well beyond their time in Govt & spending our money yet to be earned.
Jim Chalmers runs after Albo like a little lap-dog, he such a desperado 😅😅
Looks a lot like what Paul Keating did
@olddog-fv2ox
Ай бұрын
After Keating shot our economy in the head with interest rates he then vilified business's for not investing for crying out load
Angus barely passed pre school.. The tool has no idea
No the public service shall fall so the public servants are blemished are defective
We need (kerr)
All they needed to do was lower the excise fuel ⛽️ to bring down the inflation They are spending huge amounts except where it is needed Expect higher interest rates
During economy’s hard times Who will bring more businesses to the company, the management team or the union? As simple as this When in hardship, we need more jobs more businesses When businesses are in prosperity we need union to improve workers welfare Be clever when you should vote whom
"What would the liberals do if you had power?" "Well we don't know what we would do, but what labor is doing is wrong...."
" BS "
Put up interest rates lower house prices lower inflation more interest on our savings.
@user-od9ud6dt3m
Ай бұрын
Not very nice to mortgage holders trying to own a home. There are way way more people with mortgages than people who are wealthy enough to have savings in the bank. They aren't the ones driving inflation up, yet you would punish them for a small gain in your bank account. They are too busy trying to keep a roof over their heads. How about build more homes and lower immigration, keep power cheap and lower the fuel tax. There are plenty of ways to lower inflation. As everyone states all the time, the R.B.A. interest rate rises are a blunt tool. It's the only one they've got. This Govt can do better if it chooses to. But chooses not to and continues to spend, hence inflation.
@philmelb1022
Ай бұрын
@@user-od9ud6dt3m no1. Mortgage holders really expect interest rates to stay at zero. Average cash rate over 60 years has been 5.45percent. so stop crying me a river. 2. I paid 18 percent interest and had much lower wages. 3. They can buy elsewhere like Darwin or overseas like I have building a 10 million dollar mansion for only 250 k. 4. No all self funded retirees are rich Some only have 100k in bank. Yet they don't get pension saving tax payers billions. 5. There are more self funded retirees than mortgage holder. 6. Raising interest rates will force people that have more than one house and those empty apartments to come on the market. We seeing this already. Immigration hasn't caused inflation the people haven't all arrived yet most are using cheap accomodation assues don't want. Inflation caused by lack of supply, debt from Covid, increase wages, high fuel prices, business pasting on cost, greedy insurance cost and energy cost. As well as higher rents and house prices. Is saving in bank will cause inflation come down provide cooling of economy and lower rents and cooling off house prices. Go back to economics school.
This is what people voted for and that was change ,so this is the change you get !!! So just suck it up sunshine !!!!
@daniellebcooper7160
Ай бұрын
only %32 voted for him.
@raymondwilliams5661
Ай бұрын
People don't vote for this. The picks lie to you. 🤨🤔
@daniellebcooper7160
Ай бұрын
only %32 voted for this.
@user-oy2fw9pw4s
Ай бұрын
@raymondwilliams5661 yes I know they are the worst Lobour Party we ever had!! Bob Hawk would turn in his grave to see what this lot has done we have a PM who is a mouse!!
“Anthony Albanese isn’t an economist” funny comment since he studied economics at USYD. Scomo studied marketing.
@ROARTORQUE
Ай бұрын
He must studied and failed economics then.
@brothermaynard3200
Ай бұрын
Not the same Anthony Albanese who couldn't tell us what the case rate was or the unemployment rate was? Doesn't that tell you something about this bloke's competence? Or lack of it.
@6braceface
Ай бұрын
@@brothermaynard3200 not really. Leaders aren’t supposed to be walking encyclopaedias of instantaneously updated knowledge. They are supposed to be good at complex and adaptive problem solving using their skills and experience. I’m just arguing that having skills and experience in economics is favourable for running a country.
@brothermaynard3200
Ай бұрын
@@6braceface Hmmm. I would have thought so much else hangs off those two metrics...
@Leonardo555ZZZZ
Ай бұрын
Albanese is too busy living the high life ,,,how could you expect him to know what the current interest rate is ?
Albow Biden needs to go.
Angus believe's his own bullshit doesn't he ?
Nonsense; Australian labor is explicitly recognised as being world leading on economic management; just not inside the Australian media bubble. And our inflation data is very middle of the road, whilst having interest rates lower than most countries. Absolute nonsense.
Os gays com a onça fala que estou com demônio e que é o fim do mundo...então eles estão chutando a obra de bruxaria que eles fizeram para ser o fim do mundo. É isso????? Não entendo
I am sick of hearing 1 party just complaining about the other but not acknowledging the electorate voted for them. It is fine to highlight issues but just stop the team Red Team Blue. Governments on bothsides need to use the houses of our parliament to get best decisions for our Country. Just mud slinging is terrible for Australians overall faith in our Government system.
@deniseorourke7235
Ай бұрын
The government did a deal with the greens to get in Aussies only gave labour a 32% percent
Pain would be to have the Liberals coming back… Angus Taylor is an embarrassment and gets owned by the Treasurer regularly ..
Time for the government to spend less on overseas bludgers