The latest report to Parliament on the state of the economy by Coalition ministers is riddled with contradictions, hypocrisies and falsehoods, writes Alan Austin.
The task falls therefore to differnt forms of media and all citizens of
good will to inform families and friends of the realities; for the sake
of Australia’s economic future, and for the survival of integrity and
truth.
Latest Government report indicates record economic mismanagement
The Economy
From roughly $250 billion when Kevin Rudd left office, Australia’s national debt has ballooned, passing $830 billion this August and appearing inevitably on course to reach $1 trillion. This fundamental of taking on enormous debt in order to maintain acceptable economic performance should place the Coalition’s record in perspective — just as a man who spends lavishly on a credit card may not actually be rich.
Other economic indicators show near-catastrophic underlying change. Manufacturing as a percentage of GDP has collapsed, as has construction. Investment in social housing is through the floor and as house prices and rents have increased exponentially, affordability has cratered. Household debt is approaching record levels and, as ever, the poor are suffering the most.
The Man
Australians may forgive Morrison membership of his strange, extremist, Ponzi scheme of a church, but it remains incredible that a prime minister who has downplayed white supremacy and extremism in Australia, has nevertheless maintained a close friendship with Tim Stewart, one of the country’s most prominent QAnon conspiracy theorists.
"Q", let’s not forget, believes that the world is run by Satan-worshipping, infant-sacrificing, blood-drinking paedophiles and in America is linked to violent acts like kidnapping and murder. The FBI has come close to designating QAnon a terrorist group and is conducting threat assessments amid concern about Q-inspired political extremism.
Take a step back. Think about this again. Scott Morrison, Prime Minister of Australia, is friends with someone a hairs-breadth from being called a member of a terrorist group. This perhaps overshadows a lot of other frankly weird stuff that just hasn’t been true of other prime ministers.
Morrison has referred to social media as the "work of the devil". He believes that God made him PM and that when he puts his hands on people he is passing on some kind of holy spirit. One wonders what he is capable of if perceiving that an election loss is also not God’s will next year.
Nothing but corruption and cruelty in the Coalition cupboard
The sting is not just in the scorpion's tail but in its nature.
History
Since the election of the Whitlam government in 1972, the average tax to gross domestic product ratio during three Labor governments was 20.4 per cent while during the three terms of Coalition government it’s been 22.4 per cent. In other words, Australia’s highest-taxing party is the LNP, quite comfortably.
To be clear: The only reason the Coalition is able to say that it’s keeping the taxation to GDP ratio below 23.9 per cent is because it is running huge deficits.
It is budgeting to finance an average of 4 per cent government spending with bonds rather than tax.
Prediction
That’s why next year’s budget will have to be brought down after the election rather than before it: They’ll have to get started on the spending and welfare cuts early, and such budgets are always best in the first term, just after an election.
Prepare for March election, then horror budget in May
Murdoch's Sydney tabloid’s dramatic story about a $100,000 job left a lot of
people scratching their heads. Daily Telegraph does a fine job of dole bashing but forgets to work in the facts Plus: Gerard Henderson’s ABC obsessionAmanda Meade
Three retired U.S. generals warned in a chilling column Friday that another coup attempt in America in 2024 could divide the military and plunge an unprepared nation into civil war.
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