Shadow Treasurer Jim Chalmers is warning Australians not to be “conned” into believing debt in the budget set to be announced today is a consequence of COVID-19 alone.
“Clearly, the COVID-19 health crisis has damaged the budget, we’re not contesting that, the point that I’m making is two-thirds of the debt had accumulated before we even heard of coronavirus," he said. “Before the bushfires and all the rest of it, it’s not the first deficit. “Don’t be conned today into believing that all of the problems in the economy and all of the problems in the budget are a consequence of seven months, the last seven difficult months.
Source: Financial Digest (financialdigest.net)
JEChalmers Sure the Labor Green alliance saw to that.
SenatorWong JEChalmers
JEChalmers This guy is outrageous
JEChalmers He’s right. We’re all still paying for the constant economic stuff ups from Labour
JEChalmers Who believes Labor these days ?
JEChalmers But the Vic labor deficit is from Covid.. Interesting.. Feds are libs so it isn't covid but Labor in Vic is from covid. OK.
SenatorWong JEChalmers What the hell, Sky news being honest, is the sky also falling?
SenatorWong JEChalmers
JEChalmers Please vote this worthless little man out.
JEChalmers And aren’t we lucky that labor didn’t have control of the books in this crisis
JEChalmers Labors $667 billion projected debt gives Australia worst budget deficit since WW2
JEChalmers Nope it sure wasn't - we had Rudd, Gillard, Gonski, NDIS and NBN to kick it along from being zero debt in 2007 !
SenatorWong JEChalmers Why not try a bit of positive energy instead of sniping Bipartisan attitudes are refreshing so get with the National Cabinet program and provide some innovative ideas Dr Chalmers😳
JEChalmers 'As at July 1 2018, the budget estimate of net debt in Australia was about A$341.0 billion, up from A$174.5 billion in September 2013, when the Coalition took office. That’s an increase of A$166.5 billion, or roughly 95%, over almost five years.' Their zealots know they lie.
JEChalmers Since we were in a retail recession for 2 years, and were on track for a full recession before the fires and virus... Jim is absolutely right.
JEChalmers ScottMorrisonMP Labor became more an extremist and the left socialist movement group than a political party. No policy, no economic credentials and lack of practical idea. When they're in government, they failed in management of economy and national sovereignty.
JEChalmers Correct!
SenatorWong JEChalmers Fact - debt has risen every year since 2013 under LNP governments. Second fact - debt is not a bad thing, those of us lucky enough to have a mortgage know that. Money is so cheap tight now and borrowing to build a better Countey is good business.
JEChalmers Indeed. The recession we were always going to endure. Covid just hurried it up a little.
JEChalmers Still using unflattering photos for ALP politicians I see This is page 1 of the Google search for Jim Chalmers MP
JEChalmers It's because of your disastrous racism towards China. Leading to a backlash from the the Chinese. Who will neither come as 1) tourist 2) students 3) investment So you pretty much fucked
JEChalmers Seriously this bloke is a tool. Could you imagine the state of things had BS & Bowen seized control of the AUST economy. Tax & spend only works when there is something to tax
JEChalmers Get used to that Labour position of 'Shadow Treasurer'. More people in and out of that spot than an olde timey square dance...
JEChalmers Jim Who ?
JEChalmers Economic reform, FakePandemic
JEChalmers Jim you are irrelevant
JEChalmers That’s right. They inherited the budget deficit from JEChalmers your Labor party when Kevin and Julia were in government.
JEChalmers Sound like JEChalmers is trying the con on.
JEChalmers Well where do you think this debt came from if not from the drought.. The Bush fires or COVID 19 if your sums show they came from somewhere else than please tell us. no? I thought not
JEChalmers Oh, dear
JEChalmers It was in the shitter long before covid came into effect... Fact Auspol
JEChalmers Indeed.
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