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Prime minister spruiks large budget surplus as Australian households battle cost-of-living crisis (www.abc.net.au)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 4 points 1 year ago (1 children)

Anyone else remember when the abc was left heavy?

Anyway, this:

"The fact that we've turned a $78 billion deficit that was forecast under the Liberal National Party government just over a year ago into a surplus that's in excess of $4 billion is a positive thing."

[–] [email protected] 13 points 1 year ago (2 children)

Ugh I absolutely hate how media have swallowed the lie that budget surpluses are anything other than pure misapplication of public funds.

Like... why brag that they've taken all this tax from us and they're not spending it when us citizens are going through hard times?

[–] [email protected] 13 points 1 year ago

legit, a nation that boasts a surplus when any of its citizens live in penury is a failed fuckin' state.

[–] [email protected] 2 points 1 year ago (1 children)

Taking extra money out of the system during high inflation periods is good.

[–] [email protected] 5 points 1 year ago (1 children)

Reducing money supply has it's arguments for and against.

But this is useless hoarding. It's not smart, it's not good policy - it's purely because Labor have let Liberal and Murdoch decide the agenda for decades instead of just explaining in a soundbite-friendly way that government budgets are not household budgets

[–] [email protected] 3 points 1 year ago (1 children)

How is it not good policy right now in a time of high inflation? 5 minutes ago the media was bitching that government spending will increase inflation, are you sure "Labor have let Liberal and Murdoch decide the agenda" because it sounds like you've somehow turned into a Murdoch reader?

"Labor might be licking its lips with a budget surplus, but Australian households are on their knees in pain," Shadow Climate Change and Energy Minister Ted O'Brien said.

and inflation is the primary reason reason for the cost of living crisis? The recent massive energy price rise was largely due to inflation.

"Where there's a surplus, it's because the government is receiving more tax dollars, they are taxing companies, they are taxing the Australian people."

and you want to do tax cuts while there's high inflation!? Why is the Shadow Climate Change and Energy Minister Ted O'Brien talking economics???

[–] [email protected] 1 points 1 year ago

Money sitting there is currently losing its value faster than usual due to the high inflation. It would be better used to provide resources to the community now as it will buy less resources in the future