Ms Credlin said the budget deficit for 2020 is likely to amount to close to $100 billion, while the government debt will likely top $1 trillion in the next few years. “Reining in debt and deficit is every bit as important as reining in Victoria’s spike in corona cases”.
The current iteration of the JobSeeker payments is forecast to cost the Australian taxpayer nearly $10 billion, while the JobKeeper program will come in at close to $10 billion per month. “However, justified they were then, the problem was always going to be taking them away, given that both businesses and job seekers, inevitably were going to become dependent on them”. “The instant they're there, they develop a massive, and vocal constituency, to keep them.
Source: Loan Digest (loandigest.net)
We all know us “high income earners” (people who earn a bit more than average) will be raped to pay for this debt
Like those on franking credits? Or negative gearing?
But it’s ok for government to give media moguls huge payments to spread bullshit.
There will be huge changes coming to the financial system if I had to guess. The main change I can see is that education and media will be overhauled.
Good 1 Hermie
Tony Abbott's failed former Chief of Staff probably knows a thing or two about wasteful spending... Credlin
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