"We recognise there are some sectors like tourism that are going to do it tough for quite a while because the international borders will remain closed for quite a while.
"And National Cabinet, as you know, agreed to three stages of lifting those restrictions and it's estimated some 850,000 people will be back in a job as a result of those restrictions being lifted. That's going to be great news for the economy."In an opinion piece for The Australian today, Mr Frydenberg called the bungle "regrettable".
He said Treasury massively overestimated the number of people who would need JobKeeper because in March, it assumed the health crisis would be much worse and the economic implications would be more dramatic."Ultimately, I have to take responsibilities for those things," Mr Morrison said.Meantime, Labor wants Mr Frydenberg to front a Senate inquiry over the issue.
"When you've got a budget blunder of this size, I reckon it's about time you fronted up and explained it."
Time for a clean up
Criminals and liars
At this point they (left&right) are all criminals engaged in destroying the economy in preparation for the Fourth Industrial Revolution for the money power. Fraudenberg even faked a covid cough. Criminals and liars. We want a peoples bank. We need infrastructure.
1st time I've heard a 60 billion saving called a 'black hole'...
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The Treasurer wants to bank the $60b JobKeeper muck-up, but it won't be that simpleWith Josh Frydenberg staring down the barrel of the biggest budget deficits in Australian history, getting a call on Thursday night from the Treasury Secretary saying he's found $60 billion down the back of the couch gives the man holding the nation's tattered chequebook a modicum of relief, writes Matthew Doran It should go to where it was intended and where they took the credit for it: To workers needing assistance. $60bn is an alp test. $60bn is a platform for progressive gov in 21C AU. lnp changed gov using pink batts, and 'energy tax' a branding faux. $60bn sits between .JoshFrydenberg resignation and malfeasance. auspol MasterChefAU JEChalmers politicsabc KKeneally albo Casual workers, staff in the university sector dont deserve Jobkeeper Jobseeker is available As to foreign students they r export so we dont give welfare to them A bailout means we r giving them free scholarship
Source: abcnews - 🏆 5. / 83 Read more »
Government's $60b accounting bungle ups pressure to extend JobKeeper schemeWith $60 billion now on the table, various stakeholders are trying to get their hands on a portion of the money with calls to extend the JobKeeper scheme to those still in need. 9News ...we the taxpayers say give it all back to where we took it from or channel it into demonstrably productive ventures the make a profit/return on investment...this is our future being squandered here - it's not free money!!! Surely more will be spent on Jobkeeper to prolong it. No brainer! How about we NOT just spend it just because we aren’t using it. I don’t want my kids to still be repaying this debt for many years to come, the less we can spent to get thru this the better we will all be off in the coming years
Source: 9NewsAUS - 🏆 10. / 72 Read more »
Government's $60b accounting bungle ups pressure to extend JobKeeper schemeWith $60 billion now on the table, various stakeholders are trying to get their hands on a portion of the money with calls to extend the JobKeeper scheme to those still in need. 9News ...we the taxpayers say give it all back to where we took it from or channel it into demonstrably productive ventures the make a profit/return on investment...this is our future being squandered here - it's not free money!!! Surely more will be spent on Jobkeeper to prolong it. No brainer! How about we NOT just spend it just because we aren’t using it. I don’t want my kids to still be repaying this debt for many years to come, the less we can spent to get thru this the better we will all be off in the coming years
Source: 9NewsAUS - 🏆 10. / 72 Read more »
The Treasurer wants to bank the $60b JobKeeper muck-up, but it won't be that simpleWith Josh Frydenberg staring down the barrel of the biggest budget deficits in Australian history, getting a call on Thursday night from the Treasury Secretary saying he's found $60 billion down the back of the couch gives the man holding the nation's tattered chequebook a modicum of relief, writes Matthew Doran It should go to where it was intended and where they took the credit for it: To workers needing assistance. $60bn is an alp test. $60bn is a platform for progressive gov in 21C AU. lnp changed gov using pink batts, and 'energy tax' a branding faux. $60bn sits between .JoshFrydenberg resignation and malfeasance. auspol MasterChefAU JEChalmers politicsabc KKeneally albo Casual workers, staff in the university sector dont deserve Jobkeeper Jobseeker is available As to foreign students they r export so we dont give welfare to them A bailout means we r giving them free scholarship
Source: abcnews - 🏆 5. / 83 Read more »
Treasurer declares 'no scapegoats' in JobKeeper bungle | Sky News AustraliaTreasurer Josh Frydenberg has declared there will be no scapegoats in the JobKeeper bungle despite being embarrassed advice from Treasury officials was out by $60 billion, Sky News Political Editor Andrew Clennell says. \n\nHowever, Mr Clennell said some within the government were pointing the finger at Treasury Secretary Steven Kennedy and his departmental troops for the mistake which overestimated the cost and application numbers for the JobKeeper scheme. \n\n“The mistake has embarrassed the PM and Treasurer who were out there spruiking we have 6 million workers on the scheme only to find out we have 3.5 million,” he said. \n\n“But Treasurer Josh Frydenberg has decided there will be no scapegoats in this.”\n\nThe fight now turns to if the government will extend the scheme to include casuals, arts and university workers aclennell Fantastic..Great Move.. Well done LittleJoshy SundayAgenda Insiders outsiders auspol aclennell Anthony Albanese Morrison Govt JobKeeper bungle, This goes directly to a lack of competence by this Government WB: Morrison Govt reveals accounting bungle with JobKeeper numbers, saves tax payers $60 billion, Hmm? Anthony Albanese Labor bungle 2007-13 aclennell No scapegoat......? Announced it was businesses fault already. Truth = Josh can't carry the 6 in division. RESIGN AS TREASURER, JOSHY MUSSOLINI. (Looks a lot like him, eh?)
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Morrison accepts responsibility for JobKeeper blunderPrime Minister Scott Morrison has accepted ultimate responsibility for a $60 billion bungle in the government's JobKeeper program, while likening it to the cost of building a house coming in much cheaper than expected | swrighteconomy swrighteconomy The labor party and each way albo want to waste tax payers money on an inquiry into saving money... are these guys for real?. swrighteconomy Yeah right. We saw what happened to houses when people started to build them cheaper. Opal Tower anyone? I don't think I'd be hiring Morrison as my builder, somehow. 'Yeah we can do it for you cheap, buddy.' swrighteconomy Because you only paid half the builders!
Source: smh - 🏆 6. / 80 Read more »