WEBVTT - Sharri | 13 May

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<v Speaker 1>Show Good Evening.

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<v Speaker 2>Will tonight coming up my exclusive interview with Treasurer Jim

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<v Speaker 2>Chalmers ahead of tomorrow's budget. But first some breaking news

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<v Speaker 2>I can exclusively reveal. It was Anthony Albanesi's personal decision

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<v Speaker 2>to support the vote at the United Nations to grant

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<v Speaker 2>Palestine a seat. There was still ongoing discussion about whether

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<v Speaker 2>to abstain when the Prime Minister made the final call.

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<v Speaker 2>Anthony Alberzi confirmed this to Labor Caucus today, saying, and

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<v Speaker 2>he said this twice, and I quote it was my decision.

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<v Speaker 2>So this United Nations vote was Albanese's captain's call. That's

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<v Speaker 2>what he told Labor Caucus today twice, saying he made

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<v Speaker 2>the decision. Now, he made these remarks in Labor caucus

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<v Speaker 2>when Labor MP deb O'Neill asked him what he was

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<v Speaker 2>doing to tackle antisemitism. Well, the Prime Minister never directly

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<v Speaker 2>answered her question, instead speaking about the United Nations vote. Well,

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<v Speaker 2>this is the most disgraceful decision yet taken by Albinizi

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<v Speaker 2>and Penny Wong. And it was a decision that Pennywog

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<v Speaker 2>and Deputy Prime Minister Richard Miles agreed with rewarding a

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<v Speaker 2>terrorist organization which has made no concessions at all towards

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<v Speaker 2>peace by voting to grant it a seat at the UN,

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<v Speaker 2>the Yuen which was created in the wake of the

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<v Speaker 2>Holocaust to make sure the dark anti Semitism of the

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<v Speaker 2>Nazis never happens again. What a failure of an organization

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<v Speaker 2>and a failure of our government. Pennywang and Albo voting

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<v Speaker 2>to give Palestine where let's not forget Hermas is the

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<v Speaker 2>current governing body in Gaza membership status. Penny Wong says

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<v Speaker 2>this reflects Australia's commitment to a two state solution. The

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<v Speaker 2>only problem, of course, is that Hermas and the Palestinians

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<v Speaker 2>don't want a two state solution. They only want one

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<v Speaker 2>state their own. They want the destruction of Israel, the

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<v Speaker 2>annihilation of Jews. Well, here was Israel's response at the UN.

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<v Speaker 3>This institution, here, the United Nations, was founded with the

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<v Speaker 3>mission of ensuring such tyranny never raises its ugly head again. Never. Today,

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<v Speaker 3>you are about to do the exact opposite and advance

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<v Speaker 3>the establishment of a Palestinian terror state, which will be

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<v Speaker 3>led by the Hitler of our times, the Hitler of

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<v Speaker 3>our times.

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<v Speaker 2>The Hitler of our times, precisely, Australia moving to recogniz Palestine.

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<v Speaker 1>A seat at the UN is fantasyland.

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<v Speaker 2>Especially when HERMAS is the current governing body in Gaza.

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<v Speaker 2>I mean, suppose the vote got through, would the UN

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<v Speaker 2>just welcome with open arms, the Harmas leadership or Mamudabas

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<v Speaker 2>who supported the October seven massacre. It's incomprehensible. Well, Pennylong

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<v Speaker 2>spin on this is that Hermas would hate the resolution.

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<v Speaker 1>Have a look.

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<v Speaker 4>A two state solution both Israel and Palestine is the

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<v Speaker 4>opposite of what Hamas wants. Hamas does not want peace

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<v Speaker 4>and it does not want long term security for the

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<v Speaker 4>state of Israel.

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<v Speaker 2>Well, it's rubbish to say that Harmas wouldn't welcome this

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<v Speaker 2>historic vote, because they did welcome it. They said, and

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<v Speaker 2>I quote the Hamas said that the resolution is an

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<v Speaker 2>affirmation of international cooperation and all they had to do

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<v Speaker 2>to achieve this outcome was ruthless and in cold blood

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<v Speaker 2>murder thousands of Jews on October seven and drag Israel

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<v Speaker 2>into a war it never wanted, an impossible war tracking

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<v Speaker 2>down the terrorists while trying not to kill hostages of

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<v Speaker 2>Palestinian civilians. No concessions have been made by any of

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<v Speaker 2>the Palestinian leadership about Israel's right to exist, and there

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<v Speaker 2>have been no commitments to stop terror. Nothing. This resolution

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<v Speaker 2>is so absurd that Australia is utterly out of step

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<v Speaker 2>with our allies. As Simon Birmingham pointed out.

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<v Speaker 5>Today, neither of our Auchest partners supported this resolution. The

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<v Speaker 5>majority of our Five Eyes partners did not support this resolution.

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<v Speaker 5>So when you've got the United States, the United Kingdom,

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<v Speaker 5>Canada as well as of course others like Sweden and

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<v Speaker 5>Switzerland are the key democratic partners, Germany or Italy, what

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<v Speaker 5>is it that the Albanesi government has such great foresight

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<v Speaker 5>over But all of these are the key democratic partners,

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<v Speaker 5>key security partners of Australia have come to a different conclusion.

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<v Speaker 2>On The Australian's Foreign editor, Greg Sheridan says the only

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<v Speaker 2>explanation for such a move from Labour is tawdry domestic politics.

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<v Speaker 2>He writes that the macro political calculation for Labour is obvious.

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<v Speaker 2>There are one hundred thousand Jews in Australia and nearly

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<v Speaker 2>a million Muslims. He writes that almost all Muslims are

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<v Speaker 2>opposed to Israel. So Australian politics and foreign policy will

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<v Speaker 2>now contend with a permanent anti Israel dynamic. He says,

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<v Speaker 2>a more responsible and experienced government with an outs more

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<v Speaker 2>courage and heart would have avoided this needless sectarian divide.

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<v Speaker 2>Now many commentators have pointed out that this move is

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<v Speaker 2>Albanezi and Wong overturning decades of bipartisan support for Israel.

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<v Speaker 2>But in truth, the moment Albanesi stepped into the lodge,

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<v Speaker 2>he abandoned Australia's historic commitment to Israel. Everything Albanesi and

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<v Speaker 2>Penny Wong said prior to the last election about their

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<v Speaker 2>approach to the Middle East being bipartisan has turned out

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<v Speaker 2>to be a lie. Their greatest failure is turning their

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<v Speaker 2>back on the anti Semitism crisis that's unfolding right now

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<v Speaker 2>in university campuses and on our streets.

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<v Speaker 1>Now.

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<v Speaker 2>Greg Sheridan blames domestic politics, and sure, that's definitely one reason,

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<v Speaker 2>but let's not forget where Albanese's own heart lies. That

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<v Speaker 2>he himself was once a pro Palestinian protester.

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<v Speaker 6>Israel trum children owing wells.

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<v Speaker 2>And now Albanizi often says when he's asked about this topic,

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<v Speaker 2>that he knows this is a difficult issue for people

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<v Speaker 2>on both sides of the debate.

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<v Speaker 7>Have a look.

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<v Speaker 8>Some Australians will have strong views, and I understand that

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<v Speaker 8>particularly people who have relatives either in Israel or in

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<v Speaker 8>Gaza or the West Bank will have strong views and

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<v Speaker 8>it will be it is a difficult time.

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<v Speaker 1>He utterly misses the point.

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<v Speaker 2>This isn't a difficult issue because Jews have family in Israel,

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<v Speaker 2>although of course many Jews do have family in Israel,

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<v Speaker 2>and many actually have sons, young sons fighting hermas.

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<v Speaker 1>In Gaza right now.

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<v Speaker 2>But he misses the point because what Albanezi clearly doesn't

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<v Speaker 2>understand and has never understood, is that this is an

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<v Speaker 2>existential crisis for Jews the world over.

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<v Speaker 1>That's why it matters so much.

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<v Speaker 2>Penny Wang and Albanesi and other labor figures, they try

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<v Speaker 2>to make this about net in Yahoo, but I'm sorry,

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<v Speaker 2>it doesn't matter who is in power, whether it's net

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<v Speaker 2>in Yahoo or another leader, because the terrorists aren't targeting

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<v Speaker 2>net in Yahoo. They're targeting Jews, Jewish babies, Jewish children,

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<v Speaker 2>teenage girls, mothers, and the elderly. Her Mus wants to

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<v Speaker 2>kill Jews, plain and simple, This is history repeating itself

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<v Speaker 2>over and over again, an enemy determined to wipe out

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<v Speaker 2>the Jews, and yet Albinizi stands and says, this is

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<v Speaker 2>a difficult time. People feel strongly about it because people

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<v Speaker 2>have family in the Middle.

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<v Speaker 1>East on both sides.

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<v Speaker 2>No, it's a difficult time because the Jews are fighting

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<v Speaker 2>for survival. We're fighting against those who are trying to

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<v Speaker 2>exterminate us yet again. And instead of leadership when we

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<v Speaker 2>need it the most, we see American politicians absurdly call

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<v Speaker 2>for elections in the democracy of Israel.

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<v Speaker 1>Will wake up, Joe Biden call for elections in Gaza.

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<v Speaker 2>And we see politicians in Australia squibbet and back in

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<v Speaker 2>a rational resolution to give the terrorists a seat at

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<v Speaker 2>the table at the UN, the very body created to

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<v Speaker 2>try and protect Jews from the existential threat we're facing

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<v Speaker 2>right now, the very body that officially gave Jews a

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<v Speaker 2>homeland in the first place. This is why it's a

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<v Speaker 2>difficult time. And your support of the resolution backing the

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<v Speaker 2>seat at the UN without any peace agreement or any

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<v Speaker 2>concessions only emboldens the terrorists and puts Israel in a

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<v Speaker 2>more isolated and vulnerable position. Now I'm going to come

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<v Speaker 2>back to this topic later in the show. I'm going

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<v Speaker 2>to be joined by barrister and director of UK Lawyers

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<v Speaker 2>for Israel, Natasha Hausdorff.

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<v Speaker 1>You might remember her.

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<v Speaker 2>She went viral on a clip arguing with left leaning

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<v Speaker 2>media broadcasters on the BBC and elsewhere. She's going to

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<v Speaker 2>join me later in the program. As I mentioned, I've

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<v Speaker 2>also got an exclusive interview tonight with Treasurer at Jim

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<v Speaker 2>Chalmers as he looks to set the scene for the

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<v Speaker 2>government's high stakes budget tomorrow. Inflation the main focus as

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<v Speaker 2>he rolls the dice in one of his biggest political

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<v Speaker 2>gambles yet, and Albanezi hemorrhaging voters as it's revealed more

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<v Speaker 2>than a quarter of people who back to the PM

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<v Speaker 2>at the last selection won't vote for him again. Now

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<v Speaker 2>let's bring in first tonight my panel, Sky News host

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<v Speaker 2>Liz Stora and contributor Joe Hildebrand.

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<v Speaker 1>Welcome to you both.

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<v Speaker 9>Hello, well said, Thank.

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<v Speaker 1>You very much. Joe.

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<v Speaker 2>Now we've been speaking on this show about Elon Musk's

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<v Speaker 2>X and his fight with the federal government in court

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<v Speaker 2>to overturn a ban on the footage of the Wakely

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<v Speaker 2>Church stabbing. The e Safety Commissioner Julie in Man Grant

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<v Speaker 2>tried to extend an injunction on this, yet the court

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<v Speaker 2>ruled in Elon Musk's favor.

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<v Speaker 1>Joe, this is an important win for free speech because.

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<v Speaker 2>The government wanted this footage of a news event banned,

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<v Speaker 2>not just in Australia but right around the world.

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<v Speaker 9>Yeah, it's a really interesting one. I thought, in what

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<v Speaker 9>i've kind of conflicted as usual obs city on the fence.

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<v Speaker 9>No I'm not, but I thought I thought the government

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<v Speaker 9>or the regulator, Julian mcgrant and the Safe Commissioner had

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<v Speaker 9>perfect grounds, especially in the heat of the moment, the

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<v Speaker 9>immediate aftermath of the stabbing, where we saw what looked

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<v Speaker 9>like a couple of copycat incidents, and certainly we know

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<v Speaker 9>that it was going viral, and that there were plots

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<v Speaker 9>or alleged plots among this person's immediate peer group where

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<v Speaker 9>they were allegedly watching videos terror videos like this one,

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<v Speaker 9>and they were using these to sort of rev themselves

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<v Speaker 9>up to commit another unspecified attack allegedly allegedly. This is

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<v Speaker 9>all being investigated and some of the before the courts.

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<v Speaker 9>So I think there was a justification in you know,

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<v Speaker 9>I'm a pragmatist up fundamentally. You know, I'm not going

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<v Speaker 9>to say, you know, we're going to let this terrorist threat,

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<v Speaker 9>you know, sweep through the community, because on principle, I

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<v Speaker 9>will not bend. However, I'm also very prop fary speech,

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<v Speaker 9>so I find it quite heartening that the Federal court

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<v Speaker 9>has said, look at this initial stage of the hearing,

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<v Speaker 9>we're going to err on the side of free speech.

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<v Speaker 9>But it's still not a complete Basically, all they've said is,

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<v Speaker 9>she said, well, can you keep the video down until

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<v Speaker 9>the case is hurt and until there's a final decision,

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<v Speaker 9>And they said, no, we're not going to do that.

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<v Speaker 9>The videos up until the actual final decision comes down.

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<v Speaker 9>So it's sort of in a bit of limbo at

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<v Speaker 9>the moment. But I do think it's good that courts,

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<v Speaker 9>which sometimes have the tendency to err on the side

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<v Speaker 9>of suppression and keeping the public as mushrooms, so actually

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<v Speaker 9>said no, in this case, we're going to err on

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<v Speaker 9>the side of letting the public, you know, letting this

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<v Speaker 9>be out there until we're determined. Otherwise, even if I do,

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<v Speaker 9>you'll think there were grounds, especially immediately after the attack,

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<v Speaker 9>for the video to be removed.

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<v Speaker 1>Especially in the str I mean, Liz, this is a

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<v Speaker 1>news event.

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<v Speaker 2>You wouldn't, as I've said before, you wouldn't remove footage

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<v Speaker 2>of nine to eleven or anything else. So it doesn't

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<v Speaker 2>make sense that this one particular attack you'd remove when

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<v Speaker 2>there are violent video games, violent movies, violent terror, oh yeah,

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<v Speaker 2>you know, violent television shows about terrorism. All of that

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<v Speaker 2>could incite young people not to mention the hate preachers

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<v Speaker 2>and nothing's been done about them.

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<v Speaker 1>Absolutely enough alb and.

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<v Speaker 2>Easy wanting to turn Elon Musk into a convenient villain exactly.

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<v Speaker 10>And as Brett Walker, the lawyer for X, has argued,

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<v Speaker 10>and I think anyone who's seen the video would agree,

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<v Speaker 10>the video in question does not meet the legal requirements.

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<v Speaker 10>It's not sufficiently violent enough in order to meet the

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<v Speaker 10>legal requirements to be taken down. And Elon has said,

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<v Speaker 10>ad nauseum, we do not break the laws in countries, okay,

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<v Speaker 10>So if something is breaking the law, we take it

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<v Speaker 10>off my platform. This does not break the Laura in Australia,

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<v Speaker 10>and I think this is a great early win for

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<v Speaker 10>X because we're also watching in real time the E

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<v Speaker 10>Safety Commissioner being taught the limits of her powers. Obviously

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<v Speaker 10>the trial will go on to investigate the merits or

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<v Speaker 10>I would argue the lack thereof of the extent of

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<v Speaker 10>her demands. But let's not forget this woman is racking

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<v Speaker 10>up a big bill for the taxpayer in court.

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<v Speaker 1>So we've got this going on with Elong Musk.

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<v Speaker 10>We've got Billboard Chris, the Canadian whose posts that she

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<v Speaker 10>took down after he simply posted regarding someone who advises

0:14:37.520 --> 0:14:40.680
<v Speaker 10>the UN on health matters and he posted about this

0:14:40.840 --> 0:14:45.480
<v Speaker 10>guy's ponchon for best reality and orgies and all never

0:14:45.760 --> 0:14:47.520
<v Speaker 10>of I don't know why this is funny, Joe, and

0:14:48.040 --> 0:14:51.200
<v Speaker 10>he commented, you know, why is this person someone that

0:14:51.280 --> 0:14:53.680
<v Speaker 10>should be advising the UN or anyone else for that

0:14:53.840 --> 0:14:57.239
<v Speaker 10>matter on health issues. This is what the E Commissioner

0:14:57.400 --> 0:15:00.400
<v Speaker 10>chose to flex on and is now being taken to

0:15:00.520 --> 0:15:03.880
<v Speaker 10>court because once again she reached outside her jurisdiction and

0:15:04.000 --> 0:15:08.920
<v Speaker 10>wanted someone in Canada silenced on the platform X. So

0:15:09.400 --> 0:15:12.880
<v Speaker 10>she's embarrassing us on the world stage. Everyone's watching this

0:15:13.080 --> 0:15:16.920
<v Speaker 10>play out with X knowing that it's Australia's E Safety Commissioner.

0:15:16.960 --> 0:15:19.360
<v Speaker 10>We're the first country to have one, and I hope

0:15:19.400 --> 0:15:21.840
<v Speaker 10>that it's a very large billboard writ large for the

0:15:21.920 --> 0:15:24.840
<v Speaker 10>rest of the Western world, being like you don't want

0:15:24.920 --> 0:15:28.000
<v Speaker 10>one of these, Okay, they're expensive and they just keep

0:15:28.080 --> 0:15:28.640
<v Speaker 10>doing stupid.

0:15:29.000 --> 0:15:30.360
<v Speaker 1>Malcolm Turnbill hired her.

0:15:31.320 --> 0:15:36.800
<v Speaker 2>She is a woke you know, former company employee from

0:15:37.000 --> 0:15:40.520
<v Speaker 2>the US, and you know what, we should be concerned

0:15:40.560 --> 0:15:42.120
<v Speaker 2>And I think this body needs to go back to

0:15:42.200 --> 0:15:43.840
<v Speaker 2>what it was, what it began with.

0:15:44.040 --> 0:15:45.520
<v Speaker 1>As a children's e safety.

0:15:46.000 --> 0:15:48.200
<v Speaker 9>I think some of those from such obviously some of

0:15:48.280 --> 0:15:50.920
<v Speaker 9>those important, some of those decisions, do you know, do

0:15:51.120 --> 0:15:54.640
<v Speaker 9>vergon censorship. But just to be clear, like the reason

0:15:54.720 --> 0:15:58.200
<v Speaker 9>for taking down the attack in Wakely wasn't that it

0:15:58.280 --> 0:16:01.360
<v Speaker 9>was particularly obscene or particularly graphic. It was that it

0:16:01.520 --> 0:16:05.400
<v Speaker 9>was being actively used by the associates of this person

0:16:05.760 --> 0:16:07.560
<v Speaker 9>to kind of rev up people.

0:16:07.760 --> 0:16:17.240
<v Speaker 1>They don't know that at all. They spread like wildfire.

0:16:17.320 --> 0:16:18.080
<v Speaker 1>Everyone had seen it.

0:16:18.200 --> 0:16:20.680
<v Speaker 2>That's why the rise actly solians worldwide.

0:16:20.800 --> 0:16:24.360
<v Speaker 10>She would be far better used spending her valuable time

0:16:24.880 --> 0:16:28.160
<v Speaker 10>trying to get rid of children's pawn in Australia.

0:16:28.240 --> 0:16:29.520
<v Speaker 1>That's something we can all back.

0:16:29.640 --> 0:16:32.200
<v Speaker 2>Let's have a look at this move by the South

0:16:32.240 --> 0:16:36.040
<v Speaker 2>Australian premier to have a blanket ban on social media

0:16:36.080 --> 0:16:39.480
<v Speaker 2>for children under the age of fourteen. The Malanascas government

0:16:39.520 --> 0:16:43.600
<v Speaker 2>has appointed a former High Court Chief Justice to examine

0:16:43.600 --> 0:16:47.200
<v Speaker 2>the legal pathways required to impose a ban Joe.

0:16:47.520 --> 0:16:48.960
<v Speaker 1>This does seem sensible.

0:16:49.040 --> 0:16:52.080
<v Speaker 2>I think that a lot of parents don't want their

0:16:52.520 --> 0:16:54.800
<v Speaker 2>you know, their young children to be on social media,

0:16:54.880 --> 0:16:57.320
<v Speaker 2>but they also don't want them to be left out

0:16:57.400 --> 0:17:00.240
<v Speaker 2>or to be bullied. So if you have a government saying, right,

0:17:00.360 --> 0:17:03.200
<v Speaker 2>you can't be on social media until you're fourteen, that's.

0:17:03.120 --> 0:17:05.159
<v Speaker 9>Kind of absolutely. I mean, that's right. The premise of

0:17:05.200 --> 0:17:08.159
<v Speaker 9>all freedoms, and especially freedom of speech is you know,

0:17:08.320 --> 0:17:13.200
<v Speaker 9>consenting adults. So immediately when you children, that's right. We

0:17:13.240 --> 0:17:16.240
<v Speaker 9>do only children drive cars, buy alcohol, you know, watch

0:17:16.320 --> 0:17:18.960
<v Speaker 9>pornography and we and I think we're getting to the

0:17:19.000 --> 0:17:22.600
<v Speaker 9>point where social media is just as harmful, if not

0:17:22.680 --> 0:17:25.200
<v Speaker 9>more so in some cases than a lot of those scourges.

0:17:25.240 --> 0:17:27.720
<v Speaker 9>It's in terms of just the way it gears your brain.

0:17:27.960 --> 0:17:30.320
<v Speaker 9>We've seen in terms of the way it hurts kids

0:17:30.440 --> 0:17:33.920
<v Speaker 9>academic performance at school. They focus their concentration, their sociability,

0:17:34.080 --> 0:17:37.240
<v Speaker 9>exposure to bullying online mental health because you think that

0:17:37.400 --> 0:17:39.520
<v Speaker 9>your life is crap, because all you're seeing is sort

0:17:39.560 --> 0:17:42.840
<v Speaker 9>of influencers on Instagram, you know, living their best life

0:17:42.880 --> 0:17:46.280
<v Speaker 9>and looking like everything's fantastic all the time. So again

0:17:46.640 --> 0:17:48.879
<v Speaker 9>I think there's every the last thing you want to do. However,

0:17:49.160 --> 0:17:52.000
<v Speaker 9>I suppose make it more desirable. But as Melanascus points out,

0:17:52.040 --> 0:17:55.000
<v Speaker 9>you know, you know, smoking became more desirable when it

0:17:55.119 --> 0:17:57.160
<v Speaker 9>was banned, but that doesn't mean that more kids did

0:17:57.200 --> 0:18:00.119
<v Speaker 9>it than when or if it was available to if

0:18:00.160 --> 0:18:01.040
<v Speaker 9>you want, all the time they.

0:18:00.920 --> 0:18:01.480
<v Speaker 1>Were I restreets.

0:18:01.480 --> 0:18:03.720
<v Speaker 10>What do you think there's I think obviously it sounds

0:18:03.760 --> 0:18:05.879
<v Speaker 10>great on the face of it. The big question, and

0:18:05.960 --> 0:18:08.560
<v Speaker 10>this is what the Essay Inquiry will look into, is

0:18:08.720 --> 0:18:11.520
<v Speaker 10>how to enforce something like this. So at the moment,

0:18:11.560 --> 0:18:13.640
<v Speaker 10>if you want to open up an account on either

0:18:13.800 --> 0:18:17.600
<v Speaker 10>Instagram or Facebook, it's by their own stipulation you have

0:18:17.840 --> 0:18:20.639
<v Speaker 10>to be over the age of thirteen. Thirteen is the

0:18:20.760 --> 0:18:24.360
<v Speaker 10>very youngest you can open one. But of course kids lie,

0:18:24.560 --> 0:18:28.920
<v Speaker 10>so that hasn't served its purpose. What would it take though,

0:18:29.000 --> 0:18:33.639
<v Speaker 10>for the government to be able to police that?

0:18:34.080 --> 0:18:36.159
<v Speaker 1>And that's where we see things.

0:18:35.960 --> 0:18:38.680
<v Speaker 10>Like when the Morrison government first looked into this in

0:18:38.800 --> 0:18:42.080
<v Speaker 10>twenty twenty two, again with regard to online abuse and

0:18:42.119 --> 0:18:44.560
<v Speaker 10>how can we crack down on this? They had an inquiry,

0:18:44.600 --> 0:18:47.560
<v Speaker 10>and one of the recommendations that came back was a

0:18:47.800 --> 0:18:50.040
<v Speaker 10>credit system in which if you wanted to have a

0:18:50.080 --> 0:18:52.720
<v Speaker 10>social media account, you would have to supply the platform

0:18:52.760 --> 0:18:57.400
<v Speaker 10>with one hundred points of identification your driver's license, your passport, etc.

0:18:57.640 --> 0:19:01.240
<v Speaker 1>And so on in order to use your account. So

0:19:01.520 --> 0:19:03.280
<v Speaker 1>that was very curious to see.

0:19:03.680 --> 0:19:06.920
<v Speaker 10>Troubles as well, how yes, but very curious to see

0:19:06.960 --> 0:19:09.800
<v Speaker 10>because people also do have a right to privacy online,

0:19:09.800 --> 0:19:12.120
<v Speaker 10>and it bears mentioning that a lot of people who

0:19:12.320 --> 0:19:16.359
<v Speaker 10>choose to be anonymous online aren't just the trolls, they

0:19:16.400 --> 0:19:19.920
<v Speaker 10>are conservatives, like libs of TikTok. Very famous case there

0:19:19.960 --> 0:19:23.120
<v Speaker 10>who ended up being dotted and her identity was made known,

0:19:23.160 --> 0:19:27.560
<v Speaker 10>but known across the world. She's brilliant content, but she

0:19:27.760 --> 0:19:30.880
<v Speaker 10>had chosen to keep herself anonymous because she knew by

0:19:31.040 --> 0:19:33.960
<v Speaker 10>sharing this conservative content, I will be made to pay

0:19:34.080 --> 0:19:37.080
<v Speaker 10>dearly in my personal life. So I think there's no

0:19:37.200 --> 0:19:40.880
<v Speaker 10>way to enforce something like this without railroading people's Josie

0:19:41.240 --> 0:19:41.760
<v Speaker 10>very quickly.

0:19:41.960 --> 0:19:43.000
<v Speaker 1>Budget tomorrow.

0:19:43.280 --> 0:19:47.919
<v Speaker 9>Yes it will be incredibly boring, but don't go anywhere.

0:19:48.520 --> 0:19:49.679
<v Speaker 11>Yeah, I'm knowing you to the lock up.

0:19:49.840 --> 0:19:51.760
<v Speaker 1>I think the truth is walking a fine line.

0:19:51.840 --> 0:19:54.120
<v Speaker 9>That's exactly right, and I think he knows that we'll

0:19:54.160 --> 0:19:56.560
<v Speaker 9>be boring. He knows that he's really got to This

0:19:56.680 --> 0:19:58.200
<v Speaker 9>is going to be a really tricky one to land.

0:19:58.280 --> 0:20:00.600
<v Speaker 9>He's got to thread the needle, as they say he can't.

0:20:00.800 --> 0:20:02.800
<v Speaker 9>He knows that people are crying out for relief because

0:20:02.800 --> 0:20:04.680
<v Speaker 9>of the cost of living pressures that we all know

0:20:04.800 --> 0:20:06.879
<v Speaker 9>too well. But of course any relief that he does

0:20:06.960 --> 0:20:09.200
<v Speaker 9>give runs the risk of being inflationary. So again it's

0:20:09.240 --> 0:20:11.720
<v Speaker 9>just that catch twenty two cycle where people are hurting

0:20:11.920 --> 0:20:14.040
<v Speaker 9>because of high inflation, so you help them, but that

0:20:14.119 --> 0:20:16.040
<v Speaker 9>could cause high inflation, so you can't help them, but

0:20:16.119 --> 0:20:19.080
<v Speaker 9>then they're hurting and again. So I think he's provided

0:20:19.080 --> 0:20:22.600
<v Speaker 9>a very bullish forecast that by early next year inflation

0:20:22.680 --> 0:20:25.480
<v Speaker 9>will be back down between two and three percent. I

0:20:25.560 --> 0:20:26.560
<v Speaker 9>think that's pretty heroic.

0:20:26.640 --> 0:20:26.800
<v Speaker 8>God.

0:20:26.840 --> 0:20:29.720
<v Speaker 9>I hope he's right, and that's Treasury's forecast. The RBA

0:20:29.840 --> 0:20:32.720
<v Speaker 9>is a bit less optimistic, but I think he'll really

0:20:32.760 --> 0:20:34.880
<v Speaker 9>be trying to thread the deil. And to be honest,

0:20:34.920 --> 0:20:36.320
<v Speaker 9>I think he's a perfect man for the job because

0:20:36.359 --> 0:20:38.920
<v Speaker 9>he is a genuine moderate, a genuine centrist, and hopefully

0:20:38.920 --> 0:20:40.720
<v Speaker 9>he will just sort of hold that middle line.

0:20:41.760 --> 0:20:43.600
<v Speaker 1>All right, Joe held a round the store. I thank

0:20:43.600 --> 0:20:44.320
<v Speaker 1>you both so much.

0:20:44.359 --> 0:20:44.719
<v Speaker 12>Thanks chair.

0:20:45.160 --> 0:20:48.240
<v Speaker 2>Now after the break, Treasurer Jim Chalmers joins me ahead

0:20:48.240 --> 0:20:51.320
<v Speaker 2>of tomorrow's high stakes federal budget. I'll ask him about

0:20:51.320 --> 0:20:54.639
<v Speaker 2>the difference in that inflation forecast that Joe just mentioned

0:20:54.760 --> 0:20:57.439
<v Speaker 2>and what it means if he gets it wrong. Stay tuned,

0:21:03.240 --> 0:21:05.840
<v Speaker 2>welcome back. Well, it's the night before the federal budget

0:21:06.080 --> 0:21:09.159
<v Speaker 2>and Treasurer Jim Chalmers joined me to speak about the

0:21:09.240 --> 0:21:12.840
<v Speaker 2>cost of living inflation and whether they'll be a surplus.

0:21:13.320 --> 0:21:16.399
<v Speaker 2>It's the only television interview he's doing today ahead of

0:21:16.480 --> 0:21:20.000
<v Speaker 2>tomorrow's budget. We spoke in the last half hour and

0:21:20.080 --> 0:21:22.800
<v Speaker 2>here's what he had to say. Treasure thank you so

0:21:23.000 --> 0:21:24.280
<v Speaker 2>much for your time this evening.

0:21:25.760 --> 0:21:29.360
<v Speaker 11>Thanks very much, Sherry for having me back on your show. Now.

0:21:29.520 --> 0:21:31.240
<v Speaker 1>We're in a cost of living crisis.

0:21:31.520 --> 0:21:35.080
<v Speaker 2>The RBA governor says that people are skipping medical appointments,

0:21:35.520 --> 0:21:38.680
<v Speaker 2>Others are sending their kids to school without lunch. Families

0:21:38.760 --> 0:21:42.119
<v Speaker 2>are even living in cars. What will you do as

0:21:42.200 --> 0:21:45.840
<v Speaker 2>Treasurer to help vulnerable Australians in tomorrow's budget.

0:21:48.359 --> 0:21:51.399
<v Speaker 11>Well, really, the main motivation behind this budget is people

0:21:51.520 --> 0:21:53.399
<v Speaker 11>doing it tough. And we want to do more than

0:21:53.520 --> 0:21:57.160
<v Speaker 11>just acknowledge that things are difficult for people right now,

0:21:57.880 --> 0:22:01.120
<v Speaker 11>we're actually doing something about it. So there'll be cost

0:22:01.160 --> 0:22:03.400
<v Speaker 11>of living relief in the budget. There'll be a tax

0:22:03.480 --> 0:22:06.480
<v Speaker 11>cut for every taxpayer, but there'll be additional cost of

0:22:06.520 --> 0:22:08.879
<v Speaker 11>living help on top of that as well, at the

0:22:08.960 --> 0:22:12.720
<v Speaker 11>same time as we try and build much more housing,

0:22:12.880 --> 0:22:15.240
<v Speaker 11>because that's one of the reasons why people are under

0:22:15.320 --> 0:22:17.119
<v Speaker 11>so much pressure, that absence of housing.

0:22:19.240 --> 0:22:21.119
<v Speaker 2>Look you right at the top of your notes, the

0:22:21.200 --> 0:22:24.560
<v Speaker 2>words forty one, the first two digits of the logan

0:22:24.640 --> 0:22:28.320
<v Speaker 2>postcode where you live. You've just spoken about tax cuts.

0:22:28.760 --> 0:22:31.479
<v Speaker 2>You've said that they amount to about thirty six dollars

0:22:31.600 --> 0:22:33.880
<v Speaker 2>a week, the Stage three tax cuts that will take

0:22:33.920 --> 0:22:37.040
<v Speaker 2>effect from the first of July. Do you worry that

0:22:37.119 --> 0:22:39.560
<v Speaker 2>this won't be enough to lift people out of the

0:22:39.640 --> 0:22:42.760
<v Speaker 2>sort of extreme financial stress that they're suffering.

0:22:45.040 --> 0:22:47.480
<v Speaker 11>Well, that's why there'll be more than the average of

0:22:47.560 --> 0:22:50.280
<v Speaker 11>thirty six dollars a week. I think that's really important,

0:22:50.400 --> 0:22:52.440
<v Speaker 11>that cost of living help that will come from that

0:22:52.600 --> 0:22:55.560
<v Speaker 11>tax cut for every taxpayer, right up and down the

0:22:55.600 --> 0:22:59.439
<v Speaker 11>income scale. All thirteen point six million Australian taxpayers will

0:22:59.440 --> 0:23:02.760
<v Speaker 11>get a tax cut, and eighty four percent of those

0:23:02.840 --> 0:23:04.840
<v Speaker 11>taxpayers will get a bigger tax cut than they were

0:23:04.920 --> 0:23:07.520
<v Speaker 11>going to get before under the old Stage three plan

0:23:08.280 --> 0:23:10.800
<v Speaker 11>from our predecessors. But tax cuts are not the only

0:23:10.880 --> 0:23:13.680
<v Speaker 11>cost of living help in the budget. There's more help

0:23:13.800 --> 0:23:16.359
<v Speaker 11>on top of that, and that's because we recognize that

0:23:16.480 --> 0:23:19.480
<v Speaker 11>people are doing it tough and really the centerpiece of

0:23:19.560 --> 0:23:22.680
<v Speaker 11>this budget. It will be a responsible budget, but the

0:23:22.800 --> 0:23:25.200
<v Speaker 11>centerpiece will be cost of living help at the same

0:23:25.280 --> 0:23:27.400
<v Speaker 11>time as we invest in the future of our economy.

0:23:28.560 --> 0:23:30.920
<v Speaker 2>Can you be a bit more specific tonight you're handing

0:23:30.960 --> 0:23:34.440
<v Speaker 2>down the budget tomorrow. What is the centerpiece cost of

0:23:34.520 --> 0:23:38.800
<v Speaker 2>living help that Australians who are struggling will receive tomorrow.

0:23:41.200 --> 0:23:43.040
<v Speaker 11>People will see in the budget when we announce it

0:23:43.440 --> 0:23:46.920
<v Speaker 11>tomorrow evening. But we know what the pressures are in

0:23:47.000 --> 0:23:50.320
<v Speaker 11>our economy. This inflation, which has been a feature of

0:23:50.400 --> 0:23:53.440
<v Speaker 11>our economy since before we were elected and continued after,

0:23:54.359 --> 0:23:56.840
<v Speaker 11>is really the main thing that is putting people under

0:23:56.920 --> 0:24:00.920
<v Speaker 11>such pressure. We know that and that's why the main

0:24:01.080 --> 0:24:04.200
<v Speaker 11>purpose of the budget tomorrow is to provide those tax

0:24:04.280 --> 0:24:07.080
<v Speaker 11>cuts for every tax payer, to give additional cost of

0:24:07.160 --> 0:24:11.480
<v Speaker 11>living relief. Because we recognize that people are under really

0:24:11.560 --> 0:24:13.960
<v Speaker 11>quite extreme pressure, as you are right to outline, and

0:24:14.040 --> 0:24:15.280
<v Speaker 11>we're going to do something about it.

0:24:16.600 --> 0:24:19.920
<v Speaker 2>Well, on inflation, the Treasury has a more optimistic outlook

0:24:20.119 --> 0:24:23.600
<v Speaker 2>than the RBA. The Treasury forecasting that inflation by the

0:24:23.680 --> 0:24:26.520
<v Speaker 2>end of the year will be under three percent, around

0:24:26.560 --> 0:24:29.800
<v Speaker 2>two point seventy five percent, while the RBA has it

0:24:29.840 --> 0:24:33.960
<v Speaker 2>at three point eight percent. Of course, Treasury Secretary Stephen

0:24:34.040 --> 0:24:37.320
<v Speaker 2>Kennedy sits on the RBA board, So how do you

0:24:37.440 --> 0:24:42.560
<v Speaker 2>explain this discrepancy between the Treasury and the RBA forecasts

0:24:42.680 --> 0:24:43.240
<v Speaker 2>on inflation.

0:24:44.760 --> 0:24:47.720
<v Speaker 11>Yeah, it's very easy to explain, Sharon. I'm glad you've

0:24:47.760 --> 0:24:51.840
<v Speaker 11>given me the opportunity because our political opponents either don't

0:24:51.920 --> 0:24:54.520
<v Speaker 11>understand this, which is troubling, or they're lying about it,

0:24:54.560 --> 0:24:57.520
<v Speaker 11>which is even more troubling. That the main difference between

0:24:57.680 --> 0:25:00.720
<v Speaker 11>the forecast from the Reserve Bank and the treasure is

0:25:00.800 --> 0:25:04.280
<v Speaker 11>that the Treasury's forecasts take into consideration the policies in

0:25:04.359 --> 0:25:07.159
<v Speaker 11>the budget. Now, we speak with the Reserve Bank Governor

0:25:07.240 --> 0:25:09.800
<v Speaker 11>from time to time about our settings in the budget.

0:25:10.200 --> 0:25:12.680
<v Speaker 11>We've been able to give her a briefing about what's

0:25:12.800 --> 0:25:14.960
<v Speaker 11>in the budget. But because of the timing of the

0:25:15.040 --> 0:25:19.040
<v Speaker 11>Reserve Bank's forecasts. They weren't able to include our policies

0:25:19.280 --> 0:25:22.159
<v Speaker 11>in those forecasts that they released last week, and so

0:25:22.280 --> 0:25:26.040
<v Speaker 11>the main difference is not necessarily a difference of opinion,

0:25:26.119 --> 0:25:30.119
<v Speaker 11>but a difference of timing. And so because Governor Bulleck

0:25:30.200 --> 0:25:32.760
<v Speaker 11>released hers before the budget and because ours will be

0:25:32.880 --> 0:25:35.720
<v Speaker 11>released with the budget, it means it can take into

0:25:35.800 --> 0:25:39.119
<v Speaker 11>consideration the spending restraint that we're showing, the way that

0:25:39.200 --> 0:25:42.400
<v Speaker 11>we're designing our cost of living health Our budget will

0:25:42.400 --> 0:25:45.000
<v Speaker 11>be part of the solution to this inflation challenge, not

0:25:45.119 --> 0:25:47.919
<v Speaker 11>part of the problem. The budget will put downward pressure

0:25:47.960 --> 0:25:51.240
<v Speaker 11>on inflation, not upward pressure on inflation. And that's why

0:25:51.280 --> 0:25:54.000
<v Speaker 11>the Treasury forecasts are different, because they can take all

0:25:54.040 --> 0:25:55.119
<v Speaker 11>of that into consideration.

0:25:56.240 --> 0:25:58.520
<v Speaker 2>So, just to clarify that, are you saying that the

0:25:58.600 --> 0:26:02.240
<v Speaker 2>budget measures will bring down inflation by up to one percent?

0:26:05.280 --> 0:26:08.160
<v Speaker 11>We're saying that the design of our cost of living policies,

0:26:08.280 --> 0:26:10.960
<v Speaker 11>combined with our spending restraint, the fact that we have

0:26:12.160 --> 0:26:15.600
<v Speaker 11>been banking such a big proportion of the upward revenue

0:26:16.600 --> 0:26:19.920
<v Speaker 11>revisions in the near term in the budget, all of

0:26:20.000 --> 0:26:23.040
<v Speaker 11>this combined the really responsible and restrained way we've gone

0:26:23.080 --> 0:26:26.520
<v Speaker 11>about things, means that we are putting downward pressure on inflation.

0:26:26.760 --> 0:26:28.760
<v Speaker 11>In the budget. The Treasury has been able to factor

0:26:28.800 --> 0:26:31.520
<v Speaker 11>that in because it's got all of the effects of

0:26:31.560 --> 0:26:34.800
<v Speaker 11>all of our policies, including our cost of living policies.

0:26:35.520 --> 0:26:38.879
<v Speaker 11>The Reserve Bank timing of their forecast didn't allow for that,

0:26:39.080 --> 0:26:40.960
<v Speaker 11>and that's the main reason for the difference.

0:26:41.960 --> 0:26:44.040
<v Speaker 2>So if you're saying that the budget helps the fight

0:26:44.240 --> 0:26:48.240
<v Speaker 2>against inflation, does the budget therefore make a rate rise

0:26:48.320 --> 0:26:49.600
<v Speaker 2>this year less likely?

0:26:52.640 --> 0:26:54.760
<v Speaker 11>Look, I focus on my job rather than the Reserve

0:26:54.800 --> 0:26:57.440
<v Speaker 11>Bank's job. Obviously, they come to their own decisions about

0:26:57.840 --> 0:27:01.600
<v Speaker 11>interest rate movements. They come to those decisions independently. I

0:27:01.680 --> 0:27:03.800
<v Speaker 11>don't tell them how to do their job, and they

0:27:03.840 --> 0:27:06.080
<v Speaker 11>don't tell me how to do mine, and that works

0:27:06.359 --> 0:27:09.560
<v Speaker 11>just fine. I think my focus is on getting inflation

0:27:09.720 --> 0:27:11.480
<v Speaker 11>down as soon as we can. We all want to

0:27:11.480 --> 0:27:14.840
<v Speaker 11>see inflation moderate a further and faster. We've made really

0:27:14.880 --> 0:27:18.480
<v Speaker 11>good progress together. Inflation is almost half what we inherited

0:27:18.480 --> 0:27:20.639
<v Speaker 11>when we came to office. We're actually ahead of the

0:27:21.200 --> 0:27:24.439
<v Speaker 11>inflation forecast that we had in the last budget update.

0:27:24.880 --> 0:27:27.520
<v Speaker 11>So we've made some welcome and encouraging progress on inflation.

0:27:27.640 --> 0:27:30.080
<v Speaker 11>But it's not mission accomplished because people are still hurting.

0:27:30.840 --> 0:27:33.000
<v Speaker 11>That's why the budget will be so focused on the

0:27:33.080 --> 0:27:35.680
<v Speaker 11>cost of living, and it's also why it won't be

0:27:35.760 --> 0:27:38.200
<v Speaker 11>a slash and burn budget. Because people are under pressure

0:27:38.200 --> 0:27:40.480
<v Speaker 11>and the economy soft, we can get on top of

0:27:40.560 --> 0:27:43.720
<v Speaker 11>inflation without slashing and burning the budget, and you'll see

0:27:43.800 --> 0:27:45.720
<v Speaker 11>that in what we release tomorrow.

0:27:47.160 --> 0:27:50.399
<v Speaker 2>Treasury, you've indicated that you're going to give substantial energy

0:27:50.480 --> 0:27:53.840
<v Speaker 2>bill relief intomorrow's budget, that that will be one area

0:27:53.960 --> 0:27:55.199
<v Speaker 2>of cost of living relief.

0:27:55.280 --> 0:27:56.840
<v Speaker 1>Of course, that is welcome.

0:27:57.640 --> 0:28:00.240
<v Speaker 2>If you reduce the price of energy, there's a reduction

0:28:00.440 --> 0:28:03.680
<v Speaker 2>in that component of the CPI, which is what you've

0:28:03.720 --> 0:28:06.640
<v Speaker 2>been speaking about. But it also means that people will

0:28:06.680 --> 0:28:09.439
<v Speaker 2>have more money in their pocket which they could spend

0:28:09.680 --> 0:28:13.040
<v Speaker 2>in the economy and then could raise inflation.

0:28:13.720 --> 0:28:15.240
<v Speaker 1>How do you balance that risk.

0:28:17.760 --> 0:28:19.440
<v Speaker 11>Well, first of all, people have to wait and see

0:28:19.480 --> 0:28:22.280
<v Speaker 11>what extra cost of living help is in the budget.

0:28:22.359 --> 0:28:24.080
<v Speaker 11>But if you look back to the energy you build

0:28:24.119 --> 0:28:27.159
<v Speaker 11>the relief that we provided last time in last budget.

0:28:27.680 --> 0:28:30.320
<v Speaker 11>Instead of energy prices going up in the year to

0:28:30.400 --> 0:28:33.119
<v Speaker 11>March by around fifteen percent, they went up by two percent,

0:28:33.240 --> 0:28:35.960
<v Speaker 11>and so we made a difference and that was consistent

0:28:36.040 --> 0:28:39.960
<v Speaker 11>with inflation moderating quite substantially, which I think is the

0:28:40.080 --> 0:28:43.400
<v Speaker 11>main reason why I wouldn't agree with those who say

0:28:43.520 --> 0:28:47.360
<v Speaker 11>that that kind of relief, you know, getting energy bills down,

0:28:47.480 --> 0:28:50.840
<v Speaker 11>adds to broader inflationary pressures in our economy. What we've

0:28:50.880 --> 0:28:53.760
<v Speaker 11>seen in the past is it actually puts downward pressure

0:28:53.800 --> 0:28:58.200
<v Speaker 11>on inflation, not upward pressure on inflation, and without preempting

0:28:58.280 --> 0:29:01.120
<v Speaker 11>what is or isn't in the bar. Tomorrow, I think

0:29:01.200 --> 0:29:03.800
<v Speaker 11>people will see that what we've been able to do,

0:29:03.960 --> 0:29:06.680
<v Speaker 11>and consistent with the Treasury advice, is put downward pressure

0:29:06.720 --> 0:29:09.720
<v Speaker 11>on inflation with our cost of living package without adding

0:29:09.800 --> 0:29:13.120
<v Speaker 11>to broader inflationary pressures in the economy. There's more than

0:29:13.160 --> 0:29:15.320
<v Speaker 11>one way to provide cost of living help. If your

0:29:15.360 --> 0:29:17.960
<v Speaker 11>mail checks to people, it's more likely to be inflationary.

0:29:18.600 --> 0:29:20.360
<v Speaker 11>There are other ways to go about it which is

0:29:20.440 --> 0:29:22.760
<v Speaker 11>smarter and which make sure that we are part of

0:29:22.800 --> 0:29:24.720
<v Speaker 11>the solution rather than part of the problem when it

0:29:24.760 --> 0:29:25.520
<v Speaker 11>comes to inflation.

0:29:27.400 --> 0:29:30.800
<v Speaker 2>Now, another initial that you write in your notes, this

0:29:31.120 --> 0:29:33.720
<v Speaker 2>was reported on in the Cinn Morning Herald today is

0:29:34.080 --> 0:29:37.960
<v Speaker 2>sh for steady hand. This is a reminder to keep

0:29:38.040 --> 0:29:42.120
<v Speaker 2>inflation in check. It's well known that every minister, particularly

0:29:42.120 --> 0:29:45.440
<v Speaker 2>in a labor government wants to spend in their policy area.

0:29:46.080 --> 0:29:49.560
<v Speaker 2>Were you prepared to be unpopular with your colleagues to

0:29:49.840 --> 0:29:53.120
<v Speaker 2>keep spending down to keep the budget contractionary.

0:29:56.120 --> 0:29:58.600
<v Speaker 11>Obviously, we're prepared to take tough decisions. I don't take

0:29:58.680 --> 0:30:00.480
<v Speaker 11>them on my own. I've got an ex beneture of

0:30:00.560 --> 0:30:03.000
<v Speaker 11>view committee. I've got a Prime Minister who takes a

0:30:03.120 --> 0:30:06.280
<v Speaker 11>very responsible and restrained approach to the budget, and I've

0:30:06.280 --> 0:30:09.080
<v Speaker 11>got a wonderful colleague in Katie Gallagher, the Finance Minister,

0:30:09.160 --> 0:30:11.560
<v Speaker 11>and we all work together. I think the whole government

0:30:11.720 --> 0:30:14.040
<v Speaker 11>understands that we've got to get on top of this

0:30:14.160 --> 0:30:19.200
<v Speaker 11>inflation challenge and that means being restrained, sequence targeted with

0:30:19.440 --> 0:30:23.320
<v Speaker 11>our investments, and so we are able to do that

0:30:23.840 --> 0:30:27.640
<v Speaker 11>in the budget that you will see tomorrow. I think

0:30:27.720 --> 0:30:30.000
<v Speaker 11>there's always the case in budget so there are more

0:30:30.120 --> 0:30:33.960
<v Speaker 11>good ideas than can be funded. Often you can only

0:30:34.080 --> 0:30:36.960
<v Speaker 11>funder a small sliver of the good ideas that people

0:30:37.040 --> 0:30:39.000
<v Speaker 11>put to you. I think that's well understood right across

0:30:39.120 --> 0:30:39.520
<v Speaker 11>our team.

0:30:41.000 --> 0:30:43.800
<v Speaker 2>Yeah, makes it a very difficult task as treasure being

0:30:44.120 --> 0:30:46.760
<v Speaker 2>the no guy, I imagine. Look, one of the biggest

0:30:46.760 --> 0:30:49.640
<v Speaker 2>pressures on your budget is the ndis According to the

0:30:49.680 --> 0:30:52.760
<v Speaker 2>fin Review, initial estimates said it would only cost around

0:30:52.840 --> 0:30:56.239
<v Speaker 2>thirteen billion dollars. It's now on track to hit one

0:30:56.360 --> 0:30:59.440
<v Speaker 2>hundred and twenty five billion in just a decade's time

0:30:59.520 --> 0:31:02.600
<v Speaker 2>in twenty thirty four. If it does hit that, it

0:31:02.640 --> 0:31:06.200
<v Speaker 2>would be three percent of GDP. Why not means test

0:31:06.320 --> 0:31:08.680
<v Speaker 2>it like the IMF has suggested.

0:31:11.600 --> 0:31:14.960
<v Speaker 11>Look, we intend for the NDIS to continue as a

0:31:15.040 --> 0:31:19.920
<v Speaker 11>demand driven scheme, and our overriding objective here is to

0:31:20.000 --> 0:31:22.560
<v Speaker 11>make sure the NDIS can deliver for the people it

0:31:22.760 --> 0:31:25.960
<v Speaker 11>was designed to help. That's our primary motivation. In order

0:31:26.040 --> 0:31:27.560
<v Speaker 11>to do that, we've got to make sure we're getting

0:31:27.640 --> 0:31:29.480
<v Speaker 11>value for money. We've got to make sure that we

0:31:29.600 --> 0:31:33.520
<v Speaker 11>can afford the growth in the system. Nobody's contemplating hacking

0:31:33.600 --> 0:31:36.520
<v Speaker 11>the system back. We're just talking about managing the growth

0:31:36.560 --> 0:31:39.440
<v Speaker 11>in the system. I really commend and pay tribute to

0:31:39.480 --> 0:31:42.240
<v Speaker 11>Bill short And has done a mountain of work in

0:31:42.360 --> 0:31:45.240
<v Speaker 11>this regard and across our cabinet. We're very conscious that

0:31:45.400 --> 0:31:48.240
<v Speaker 11>the cost of the NDIS has been growing quickly, it

0:31:48.320 --> 0:31:51.360
<v Speaker 11>will continue to grow quickly, but we need to make

0:31:51.440 --> 0:31:53.600
<v Speaker 11>sure that we're getting value for money for all of

0:31:53.680 --> 0:31:56.640
<v Speaker 11>those billions of dollars that we're investing to help people

0:31:56.680 --> 0:31:58.440
<v Speaker 11>who need and deserve our assistance.

0:32:00.360 --> 0:32:00.560
<v Speaker 12>Look.

0:32:00.640 --> 0:32:03.400
<v Speaker 2>A centerpiece of the budget, also a centerpiece of the

0:32:03.440 --> 0:32:07.000
<v Speaker 2>Albanese government's pre election pitch is the Future Made in

0:32:07.080 --> 0:32:12.400
<v Speaker 2>Australia program. This involves investing in select companies, such as

0:32:12.440 --> 0:32:16.280
<v Speaker 2>the billion dollars in the Quantum computing company. As you know,

0:32:16.960 --> 0:32:22.400
<v Speaker 2>venture capital companies regularly invest in startups that fail or

0:32:22.760 --> 0:32:27.440
<v Speaker 2>don't make money. How can the government outperform these professional

0:32:27.560 --> 0:32:31.840
<v Speaker 2>investors and why risk a billion dollars of taxpayer funds

0:32:31.880 --> 0:32:32.400
<v Speaker 2>in this way?

0:32:34.280 --> 0:32:36.960
<v Speaker 11>Well, what you're seeing the budget Tomorrow's Sharry, is that

0:32:37.080 --> 0:32:39.959
<v Speaker 11>they are a range of different leavers that we are

0:32:40.080 --> 0:32:44.760
<v Speaker 11>proposing and funding to make the most of this vast

0:32:45.040 --> 0:32:48.160
<v Speaker 11>industrial and economic opportunity which has been presented to us

0:32:48.280 --> 0:32:52.160
<v Speaker 11>by the global shift to net zero. And so in

0:32:52.280 --> 0:32:54.360
<v Speaker 11>order to grab those opportunities, there will be a whole

0:32:54.440 --> 0:32:57.360
<v Speaker 11>range of policies that I'll announce tomorrow, are very coherent,

0:32:57.960 --> 0:33:02.320
<v Speaker 11>considered a targeted set of policies, whether it's the tax system,

0:33:02.360 --> 0:33:05.240
<v Speaker 11>whether it's the kind of investments that you describe, whether

0:33:05.280 --> 0:33:08.720
<v Speaker 11>it's making sure that we're attracting and deploying private investment

0:33:08.800 --> 0:33:12.960
<v Speaker 11>and private capital much more effectively in our economy. You'll

0:33:13.000 --> 0:33:16.800
<v Speaker 11>see that it is a much more sophisticated and coherent package.

0:33:17.200 --> 0:33:20.240
<v Speaker 11>There are some elements of it which is about grants,

0:33:20.280 --> 0:33:22.800
<v Speaker 11>but that's not the whole story. And what we're trying

0:33:22.840 --> 0:33:26.680
<v Speaker 11>to do here is not replace private capital with public capital.

0:33:27.200 --> 0:33:32.120
<v Speaker 11>We're trying to use the leavers available to us as

0:33:32.160 --> 0:33:35.560
<v Speaker 11>a government to attract much more private capital to invest

0:33:35.640 --> 0:33:38.920
<v Speaker 11>in opportunities, whether they are industrial or energy or resources,

0:33:39.040 --> 0:33:41.720
<v Speaker 11>or relying on our skills base, to make sure that

0:33:41.800 --> 0:33:44.320
<v Speaker 11>we can create a new generation of growth and prosperity

0:33:44.360 --> 0:33:47.560
<v Speaker 11>in this country, which recognizes that the world is changing,

0:33:47.640 --> 0:33:50.800
<v Speaker 11>the pace of that change is accelerating, and we've got

0:33:50.880 --> 0:33:53.960
<v Speaker 11>some pretty handy cards to play to make sure that

0:33:54.040 --> 0:33:57.080
<v Speaker 11>our people are beneficiaries of that change rather than victims

0:33:57.120 --> 0:33:57.240
<v Speaker 11>of it.

0:33:59.320 --> 0:34:03.400
<v Speaker 2>Look hearkening back to a treasurer before you, when you

0:34:03.760 --> 0:34:07.360
<v Speaker 2>encourage parents to have more children, why are you sending

0:34:07.440 --> 0:34:08.799
<v Speaker 2>this message to Australians.

0:34:10.840 --> 0:34:12.799
<v Speaker 11>I'm really pleased you asked me about that cherry. I mean,

0:34:12.840 --> 0:34:14.840
<v Speaker 11>I think it's one of those occasions you'd be familiar

0:34:14.920 --> 0:34:17.840
<v Speaker 11>to it with your long experience in journalism. Sometimes the

0:34:17.880 --> 0:34:20.880
<v Speaker 11>headline doesn't really capture the conversation.

0:34:21.080 --> 0:34:21.200
<v Speaker 8>You know.

0:34:21.320 --> 0:34:24.440
<v Speaker 11>I was asked whether, in the context of an aging population,

0:34:24.560 --> 0:34:26.719
<v Speaker 11>would be better if birth rates were a bit higher.

0:34:26.760 --> 0:34:29.920
<v Speaker 11>I gave the same answer that treasurers since Peter Costello

0:34:30.040 --> 0:34:32.400
<v Speaker 11>have been giving. It's been uncontroversial for a couple of

0:34:32.480 --> 0:34:35.440
<v Speaker 11>decades now to make that point. But more importantly than that,

0:34:36.120 --> 0:34:37.840
<v Speaker 11>I said, it costs a lot to have kids, and

0:34:37.880 --> 0:34:41.040
<v Speaker 11>people are making their own choices, and I understand those choices.

0:34:41.160 --> 0:34:43.920
<v Speaker 11>Not for one second do I want to tell people

0:34:43.960 --> 0:34:46.120
<v Speaker 11>what to do with their own lives, and especially their

0:34:46.200 --> 0:34:48.719
<v Speaker 11>own family lives. That's not how I roll, That's not

0:34:49.200 --> 0:34:51.120
<v Speaker 11>how I go about this job. My job is to

0:34:51.200 --> 0:34:54.560
<v Speaker 11>make sure that people can make choices if they want to,

0:34:54.880 --> 0:34:57.319
<v Speaker 11>and that's why I'm investing billions of dollars in early

0:34:57.400 --> 0:35:02.200
<v Speaker 11>childhood education, expanding paid parenta leave, paying the superannuation guarantee

0:35:02.680 --> 0:35:05.200
<v Speaker 11>on paid parental leave, so that people have more choices

0:35:05.360 --> 0:35:09.600
<v Speaker 11>available to them in the context of raising kids being

0:35:09.680 --> 0:35:12.520
<v Speaker 11>so expensive. I understand that, and so I'm not telling

0:35:12.560 --> 0:35:15.160
<v Speaker 11>anyone what to do. I'm not giving anybody any free

0:35:15.200 --> 0:35:18.080
<v Speaker 11>advice about how they manage their own families and make

0:35:18.160 --> 0:35:22.040
<v Speaker 11>their own decisions. I'm simply making the point that raising

0:35:22.120 --> 0:35:24.120
<v Speaker 11>kids is expensive and we want to make it easier.

0:35:24.239 --> 0:35:25.440
<v Speaker 11>If that's what people want.

0:35:25.239 --> 0:35:29.040
<v Speaker 2>To do, treasure can we expect another surplus tomorrow night?

0:35:31.360 --> 0:35:33.319
<v Speaker 11>I have to wait and see, Shari. We've certainly been

0:35:33.360 --> 0:35:35.759
<v Speaker 11>shooting for that, as you know, not as an end

0:35:35.800 --> 0:35:39.480
<v Speaker 11>in itself, but because getting the budget in much better

0:35:39.560 --> 0:35:41.799
<v Speaker 11>NICK helps us fund our other priorities. And as I've

0:35:41.800 --> 0:35:44.640
<v Speaker 11>said a couple of times tonight, our big priorities in

0:35:44.680 --> 0:35:47.560
<v Speaker 11>the budget are responsible budget, help with cost of living,

0:35:47.640 --> 0:35:50.080
<v Speaker 11>and invest in the future, and getting the budget in

0:35:50.160 --> 0:35:52.279
<v Speaker 11>much better Nick is part of that. Yeah.

0:35:52.719 --> 0:35:55.560
<v Speaker 2>Look, you reportedly went for a run at the ripe

0:35:55.719 --> 0:35:59.719
<v Speaker 2>hour of three forty six am yesterday, three forty six.

0:35:59.760 --> 0:36:03.839
<v Speaker 2>As Kevin Ryder's Prime minister famously only slept for three

0:36:03.920 --> 0:36:06.600
<v Speaker 2>hours a night, how many hours are you managing at

0:36:06.640 --> 0:36:07.000
<v Speaker 2>the moment.

0:36:09.520 --> 0:36:12.080
<v Speaker 11>Was not a lot of sleep at the moment, Sharry.

0:36:12.160 --> 0:36:14.160
<v Speaker 11>But I don't expect people to get the violins out

0:36:14.239 --> 0:36:18.320
<v Speaker 11>about that. Around budget time, It's not unusual for treasurers

0:36:18.400 --> 0:36:20.680
<v Speaker 11>to only sleep a little bit, and I figure if

0:36:20.719 --> 0:36:22.279
<v Speaker 11>I wake up earlier, I may as well make the

0:36:22.360 --> 0:36:26.200
<v Speaker 11>most of it, So I go for a very slow

0:36:26.280 --> 0:36:28.759
<v Speaker 11>trundle to It's a good way I think to clear

0:36:28.800 --> 0:36:29.799
<v Speaker 11>the head before a big day.

0:36:30.400 --> 0:36:32.920
<v Speaker 2>All right, Treasure, I appreciate your time this evening, as

0:36:33.000 --> 0:36:34.480
<v Speaker 2>you say, before your big day tomorrow.

0:36:34.520 --> 0:36:37.799
<v Speaker 11>Thank you so much, Thanks so much, Cherry, all the best,

0:36:39.360 --> 0:36:39.680
<v Speaker 11>all right.

0:36:39.760 --> 0:36:43.400
<v Speaker 2>Coming up, the fallout from Australia's latest betrayal of Israel

0:36:43.520 --> 0:36:47.320
<v Speaker 2>after voting in favor of Palestine becoming a member of

0:36:47.400 --> 0:36:50.640
<v Speaker 2>the un Natasha Horstaff will join me after the break.

0:36:56.480 --> 0:37:00.400
<v Speaker 2>Welcome back to the program. We'll pro Palestinian protest rupted

0:37:00.600 --> 0:37:05.200
<v Speaker 2>during Duke University's commencement ceremony, with dozens of students walking

0:37:05.280 --> 0:37:08.720
<v Speaker 2>out during guest speaker Jerry Seinfeld's speech.

0:37:08.840 --> 0:37:09.480
<v Speaker 1>Have a look.

0:37:21.520 --> 0:37:24.880
<v Speaker 2>Now, Jerry Seinfeld is Jewish and he is a supporter

0:37:25.000 --> 0:37:28.000
<v Speaker 2>of Israel, but none of this was mentioned.

0:37:27.719 --> 0:37:28.520
<v Speaker 1>During his address.

0:37:28.719 --> 0:37:33.200
<v Speaker 2>So what were they doing at a Jewish famous comedian.

0:37:33.800 --> 0:37:34.480
<v Speaker 1>Outrageous.

0:37:34.880 --> 0:37:37.960
<v Speaker 2>Well, Joining me now to discuss the rise of antisemitism

0:37:38.120 --> 0:37:43.200
<v Speaker 2>is barrister and UK Lawyers for Israel director Natasha Haustoff. Natasha,

0:37:43.560 --> 0:37:45.160
<v Speaker 2>great to see you in Australia.

0:37:45.239 --> 0:37:47.600
<v Speaker 1>Welcome to the country. It's wonderful to be him in person.

0:37:47.719 --> 0:37:50.839
<v Speaker 1>Thank you. Now, this latest clip with Jerry Seinfield at Duke.

0:37:50.960 --> 0:37:53.840
<v Speaker 2>This is just a reflection of the anti Semitism that

0:37:53.960 --> 0:37:59.760
<v Speaker 2>we've seen right across university campuses here in Australia, in London,

0:38:00.120 --> 0:38:01.120
<v Speaker 2>in the US.

0:38:01.800 --> 0:38:04.239
<v Speaker 1>Do you think this has always been there or what's

0:38:04.360 --> 0:38:08.160
<v Speaker 1>driving this? Well, unfortunately, I think it's a long standing.

0:38:08.360 --> 0:38:10.399
<v Speaker 12>It's an instances like this that we see the mask

0:38:10.480 --> 0:38:14.640
<v Speaker 12>of anti Semitism, if it were ever applied properly slip.

0:38:15.440 --> 0:38:19.640
<v Speaker 12>These protests that manifest themselves as anti Israel are in

0:38:19.760 --> 0:38:24.120
<v Speaker 12>fact targeting Jewish students on campus and public individuals that

0:38:24.200 --> 0:38:28.000
<v Speaker 12>are recognizably Jewish. So this modern form of anti Semitism,

0:38:28.040 --> 0:38:31.480
<v Speaker 12>which is supposedly acceptable, this due hate in the form

0:38:31.560 --> 0:38:35.239
<v Speaker 12>of anti Israel sentiment that needs to be called out for.

0:38:35.280 --> 0:38:35.759
<v Speaker 8>What it is.

0:38:36.840 --> 0:38:40.360
<v Speaker 2>Now, we've just been speaking about the United Nations vote

0:38:40.520 --> 0:38:45.840
<v Speaker 2>on Friday, New York time Saturday Australia time, where you know,

0:38:46.120 --> 0:38:51.640
<v Speaker 2>Australia supported the UN vote, many other countries abstained, you know,

0:38:51.800 --> 0:38:52.480
<v Speaker 2>not voting.

0:38:52.920 --> 0:38:52.960
<v Speaker 3>No.

0:38:54.000 --> 0:38:56.759
<v Speaker 2>What do you think you know I've said this that

0:38:56.920 --> 0:38:59.799
<v Speaker 2>this is giving support to terrorism. You know, this vote

0:39:00.040 --> 0:39:02.920
<v Speaker 2>wouldn't have happened if it hadn't been for October seven.

0:39:03.719 --> 0:39:08.040
<v Speaker 2>We haven't seen any willingness by any of the Palestinian leadership,

0:39:08.080 --> 0:39:11.080
<v Speaker 2>whether it's Hamas in Gaza or the Palestinian authority in

0:39:11.080 --> 0:39:14.000
<v Speaker 2>the West Bank, to actually put forward or come to

0:39:14.120 --> 0:39:18.440
<v Speaker 2>the table with plans for peace or concessions on Israel's

0:39:18.520 --> 0:39:19.160
<v Speaker 2>right to exist.

0:39:19.560 --> 0:39:23.000
<v Speaker 1>Yet the UN has tried to move this resolution.

0:39:23.400 --> 0:39:25.600
<v Speaker 12>I mean extraordinary that that should be a concession the

0:39:25.680 --> 0:39:29.680
<v Speaker 12>acceptance of Israel continuing to exist. It's important, I think,

0:39:29.719 --> 0:39:33.000
<v Speaker 12>to be clear that Harmas has been very vocal about

0:39:33.120 --> 0:39:35.520
<v Speaker 12>using the prospect of a two state solution as a

0:39:35.600 --> 0:39:40.279
<v Speaker 12>platform to continue it's a nihilistic agenda against Israel, and

0:39:40.440 --> 0:39:42.480
<v Speaker 12>the so called moderates in the West Bank have been

0:39:42.600 --> 0:39:47.200
<v Speaker 12>funding the terror salaries for terrorists, including Harmas terrorists and

0:39:47.239 --> 0:39:49.200
<v Speaker 12>others that cross the border on the seventh of October.

0:39:49.320 --> 0:39:52.279
<v Speaker 12>So the notion that there is any partner there for

0:39:52.520 --> 0:39:57.800
<v Speaker 12>peaceful negotiations towards a two state solution has of course

0:39:57.920 --> 0:40:01.680
<v Speaker 12>been utterly destroyed by what we saw seven months ago.

0:40:02.480 --> 0:40:05.600
<v Speaker 12>What's particularly concerning about the position that Australia has taken

0:40:05.680 --> 0:40:08.040
<v Speaker 12>now is that it is out of keeping with a

0:40:08.120 --> 0:40:14.400
<v Speaker 12>consistent policy that a negotiated solution is the only proper

0:40:14.440 --> 0:40:18.840
<v Speaker 12>way forward and we've seen consistent steps against unilateral moves,

0:40:18.920 --> 0:40:23.840
<v Speaker 12>even reversing the recognition of Jerusalem Israel's capital, up until

0:40:23.880 --> 0:40:28.880
<v Speaker 12>this point, where unilaterally voting for this resolution in the

0:40:28.960 --> 0:40:31.239
<v Speaker 12>General Assembly. We should be clear that this is a

0:40:31.280 --> 0:40:35.359
<v Speaker 12>political resolution. It doesn't have legal effect. Nonetheless, it sends

0:40:35.400 --> 0:40:38.360
<v Speaker 12>a particularly powerful message and one that isn't in sync

0:40:38.800 --> 0:40:43.680
<v Speaker 12>with so many of Australia's allies, the UK included, who

0:40:43.719 --> 0:40:46.800
<v Speaker 12>abstained on this, the US who voted against it. So

0:40:46.920 --> 0:40:50.520
<v Speaker 12>that is a remarkable change and very concerning, as you

0:40:50.600 --> 0:40:56.120
<v Speaker 12>said wonderfully in the opening, that one that ultimately rewards

0:40:56.280 --> 0:40:58.680
<v Speaker 12>the terrorism, brutality and the atrocities that we saw on

0:40:58.719 --> 0:40:59.640
<v Speaker 12>the seventh of October.

0:41:00.719 --> 0:41:05.680
<v Speaker 2>We are seeing some international countries accuse Israel of war

0:41:05.840 --> 0:41:09.400
<v Speaker 2>crimes and genocide. Many figures of the left join in

0:41:09.800 --> 0:41:13.719
<v Speaker 2>these accusations. As an international lawyer, can you tell us

0:41:14.160 --> 0:41:16.960
<v Speaker 2>what legal standing they have to make these claims?

0:41:18.160 --> 0:41:22.240
<v Speaker 12>Well, the claims are baseless in terms of legal claims.

0:41:22.400 --> 0:41:25.160
<v Speaker 12>I would call them political claims, and they certainly fed

0:41:25.200 --> 0:41:29.359
<v Speaker 12>into the UN Security General Assembly resolution that we saw,

0:41:29.480 --> 0:41:33.760
<v Speaker 12>They fed into Security Council resolutions that have been passed.

0:41:34.360 --> 0:41:37.320
<v Speaker 12>It's important to acknowledge that these also aren't legally binding.

0:41:37.520 --> 0:41:39.839
<v Speaker 12>Only those passed on the Chapter seven of the Charter

0:41:40.719 --> 0:41:44.920
<v Speaker 12>have legal teeth. But I think what we're seeing is

0:41:45.160 --> 0:41:48.160
<v Speaker 12>a continuation of these blood libels. I mean, there's no

0:41:48.239 --> 0:41:51.880
<v Speaker 12>other word for it, these extraordinary accusations that accuse the

0:41:52.040 --> 0:41:56.080
<v Speaker 12>victims of genocide, the victims being Israelis on the seventh

0:41:56.120 --> 0:41:59.319
<v Speaker 12>of October, of perpetrating the crimes that were committed against them,

0:42:00.040 --> 0:42:00.799
<v Speaker 12>so far as war.

0:42:00.760 --> 0:42:01.560
<v Speaker 10>Crimes are concerned.

0:42:01.680 --> 0:42:04.799
<v Speaker 12>While we have seen reports both of the United Kingdom

0:42:04.880 --> 0:42:08.760
<v Speaker 12>government also of the United States government that have looked

0:42:08.840 --> 0:42:13.880
<v Speaker 12>into allegations of breaches of international humanitarian law by Israel

0:42:14.280 --> 0:42:17.279
<v Speaker 12>and that have stated in clear terms that there is

0:42:17.320 --> 0:42:20.880
<v Speaker 12>an evidence to support them. By all accounts, the conduct

0:42:20.920 --> 0:42:24.120
<v Speaker 12>that Israel has displayed in this conflict, as in previous

0:42:24.520 --> 0:42:28.960
<v Speaker 12>rounds of wars in Gaza, has been beyond what Western

0:42:29.040 --> 0:42:32.279
<v Speaker 12>allies could have achieved in similar circumstances, and the.

0:42:32.320 --> 0:42:34.880
<v Speaker 2>Death toll, the civilian death toll much lower even by

0:42:35.000 --> 0:42:36.120
<v Speaker 2>proportion of the population.

0:42:36.440 --> 0:42:40.040
<v Speaker 12>Well, the death toll is a tricky one to interrogate

0:42:40.160 --> 0:42:43.920
<v Speaker 12>because the only figures that are being repeated consistently by

0:42:43.920 --> 0:42:47.439
<v Speaker 12>the international media come from the harmask controlled Ministry of Health.

0:42:47.840 --> 0:42:51.000
<v Speaker 12>I doubt that international journalists would be repeating figures from

0:42:51.600 --> 0:42:55.880
<v Speaker 12>ISIS or Arqaida with the forcefulness that they are parroting

0:42:56.120 --> 0:42:59.160
<v Speaker 12>these figures. They have not only been shown to have

0:42:59.280 --> 0:43:02.920
<v Speaker 12>been inflated and falsified in various reports from academics that

0:43:03.040 --> 0:43:06.200
<v Speaker 12>have interrogated the data. Even the United Nations has now

0:43:06.280 --> 0:43:08.359
<v Speaker 12>walked back on some of the claims that has made

0:43:08.560 --> 0:43:11.240
<v Speaker 12>with respect to the numbers of women and children. But critically,

0:43:11.360 --> 0:43:14.239
<v Speaker 12>these numbers that her musta putting out do not tell

0:43:14.320 --> 0:43:17.840
<v Speaker 12>us anything about the civilian to combatant casualty ratio. And

0:43:17.920 --> 0:43:21.360
<v Speaker 12>you're absolutely right that the ratio that has been touted

0:43:21.400 --> 0:43:24.359
<v Speaker 12>of one to one in this conflict is utterly unparalleled

0:43:24.400 --> 0:43:26.880
<v Speaker 12>and testament to the measures that the IDF take to

0:43:26.960 --> 0:43:28.239
<v Speaker 12>prevent civilian casualties.

0:43:28.320 --> 0:43:31.080
<v Speaker 1>All Right, Natasha, I'm out of time. Wonderful to have

0:43:31.200 --> 0:43:32.680
<v Speaker 1>you in Australia. Thank you so much.

0:43:32.800 --> 0:43:34.080
<v Speaker 12>It's wonderful to be here. Thank you.

0:43:34.480 --> 0:43:37.040
<v Speaker 2>Now, after the breaker grim outlook for the pm is

0:43:37.120 --> 0:43:40.239
<v Speaker 2>new polling data shows he's on track to lose more

0:43:40.280 --> 0:43:41.759
<v Speaker 2>than a quarter of voters.

0:43:41.480 --> 0:43:43.759
<v Speaker 1>At the next selection. I'll break that down with my

0:43:43.920 --> 0:43:44.680
<v Speaker 1>panel next.

0:43:50.520 --> 0:43:53.440
<v Speaker 2>All right, let's bring in our political panel Farmer, media

0:43:53.480 --> 0:43:57.399
<v Speaker 2>advisor to Scott Morrison, Andrew Caswell and former Queensland Labor

0:43:57.440 --> 0:43:58.960
<v Speaker 2>Secretary Cameron Milner.

0:43:59.280 --> 0:44:00.320
<v Speaker 1>Welcome to you both.

0:44:00.800 --> 0:44:01.080
<v Speaker 7>Cameron.

0:44:01.200 --> 0:44:04.759
<v Speaker 2>Let's start with the poll that your company, GXOS Strategies

0:44:04.880 --> 0:44:07.480
<v Speaker 2>has done. It's shown that Anthony Albanize is on track

0:44:07.560 --> 0:44:10.480
<v Speaker 2>to lose more than a quarter of his original voters

0:44:10.520 --> 0:44:13.160
<v Speaker 2>at the next federal election. Took us through it.

0:44:15.480 --> 0:44:16.440
<v Speaker 11>Well, Char.

0:44:16.680 --> 0:44:18.680
<v Speaker 6>Most of the polls are showing not much movement in

0:44:19.040 --> 0:44:20.960
<v Speaker 6>the primary votes since the last election, so we wanted

0:44:20.960 --> 0:44:22.960
<v Speaker 6>to drill deeper. We want to understand what was really

0:44:23.040 --> 0:44:25.360
<v Speaker 6>happening with the voters out there in Australia. And what

0:44:25.480 --> 0:44:27.080
<v Speaker 6>we found was over one in four people who have

0:44:27.080 --> 0:44:29.640
<v Speaker 6>actually changed their mind away from Albanize in just two

0:44:29.719 --> 0:44:32.399
<v Speaker 6>short years. And then we went further to understand why,

0:44:33.000 --> 0:44:35.080
<v Speaker 6>and we asked them what they thought of Albanese as

0:44:35.160 --> 0:44:37.720
<v Speaker 6>the leader and they said, to you, his weak, useless

0:44:38.040 --> 0:44:40.840
<v Speaker 6>and a liar. That's what two thousand Australian said of

0:44:40.880 --> 0:44:43.440
<v Speaker 6>the Prime minister. Three and four also said he was

0:44:43.440 --> 0:44:45.880
<v Speaker 6>doing nothing about the cost of living and so the

0:44:46.000 --> 0:44:48.319
<v Speaker 6>critical number one issue for voters. He's not doing enough

0:44:48.400 --> 0:44:50.080
<v Speaker 6>on and they trust him to be able to do

0:44:50.120 --> 0:44:52.680
<v Speaker 6>the job either, and the warring sign for Jim Chalmers.

0:44:53.120 --> 0:44:55.279
<v Speaker 6>Seventy nine percent of respondents said that they didn't think

0:44:55.280 --> 0:44:57.600
<v Speaker 6>tomorrow Night's budget would do anything to ease their cost

0:44:57.640 --> 0:44:59.840
<v Speaker 6>of living pressures. So we're in a crisis right now

0:45:00.040 --> 0:45:04.239
<v Speaker 6>cost of living, with an untrusted, unliked prime Minister as

0:45:04.360 --> 0:45:07.040
<v Speaker 6>Labour's main vehicle for sending their message out there, and

0:45:07.200 --> 0:45:09.320
<v Speaker 6>voters who just don't think Labour's doing enough on the

0:45:09.400 --> 0:45:11.279
<v Speaker 6>number one issue. That's what our poling found.

0:45:11.280 --> 0:45:16.120
<v Speaker 2>Shari Andrew Carswell, I just had the Treasurer on my show.

0:45:16.280 --> 0:45:19.160
<v Speaker 2>He said that he is planning strong cost of living

0:45:19.239 --> 0:45:22.320
<v Speaker 2>relief in tomorrow's budget. Obviously, this is going to be

0:45:22.400 --> 0:45:25.560
<v Speaker 2>a delicate tightrope to make sure that the relief is

0:45:25.680 --> 0:45:28.480
<v Speaker 2>targeted enough that it won't push up inflation.

0:45:29.360 --> 0:45:31.120
<v Speaker 1>Do you think that will be a risk?

0:45:33.480 --> 0:45:35.080
<v Speaker 11>Well, it's a huge gamble, Sharie.

0:45:35.320 --> 0:45:39.520
<v Speaker 7>And what we heard from the Treasurer tonight is that

0:45:39.640 --> 0:45:42.680
<v Speaker 7>he is taking a big risk here by lowering the

0:45:43.120 --> 0:45:47.000
<v Speaker 7>expectations on inflation well below what the RBA will say.

0:45:47.239 --> 0:45:51.360
<v Speaker 7>And this is a risk for two reasons. The treasure

0:45:51.440 --> 0:45:54.160
<v Speaker 7>assumes that the cost of living measures in his budget

0:45:54.200 --> 0:45:59.680
<v Speaker 7>tomorrow will put downward pressure on inflation, and particularly headline inflation,

0:45:59.760 --> 0:46:02.600
<v Speaker 7>which is his preferred measure, and that will lead to

0:46:02.840 --> 0:46:04.799
<v Speaker 7>a lowering of interest rates. But the problem is when

0:46:04.800 --> 0:46:07.800
<v Speaker 7>the RBA gathers to consider monetary policy and the setting

0:46:07.840 --> 0:46:10.880
<v Speaker 7>of interest rates, it doesn't really look at headline inflation.

0:46:11.000 --> 0:46:12.759
<v Speaker 11>It looks at trim demean inflation, which is.

0:46:12.760 --> 0:46:16.800
<v Speaker 7>Inflation stripping out all those short term volatile measures that

0:46:16.920 --> 0:46:19.360
<v Speaker 7>impact cost of living up or down. What do you

0:46:19.440 --> 0:46:24.640
<v Speaker 7>think is in his budget tomorrow that impacts that are volatile,

0:46:24.760 --> 0:46:26.800
<v Speaker 7>short term measures that impact on cost.

0:46:26.640 --> 0:46:28.720
<v Speaker 11>Of living, his entire cost of living package.

0:46:29.120 --> 0:46:31.800
<v Speaker 7>So he says it's going to be putting downward pressure

0:46:31.880 --> 0:46:34.319
<v Speaker 7>on inflation, and the RBA says, well, we're not even

0:46:34.320 --> 0:46:37.240
<v Speaker 7>going to consider that in now calculations. And the second

0:46:37.320 --> 0:46:40.160
<v Speaker 7>thing is is this core belief that these measures will

0:46:40.320 --> 0:46:44.400
<v Speaker 7>actually put downward pressure on inflation. And you have a

0:46:44.440 --> 0:46:49.000
<v Speaker 7>look at whether it's it's a relief for renters or

0:46:49.040 --> 0:46:53.480
<v Speaker 7>it's relief for those who have excessive energy bills. To

0:46:53.600 --> 0:46:56.640
<v Speaker 7>make that assumption is to believe that the people getting

0:46:56.680 --> 0:46:59.920
<v Speaker 7>this relief will suddenly not spend the money that's been

0:47:00.080 --> 0:47:02.719
<v Speaker 7>freed up in their budget on other areas of the economy,

0:47:02.800 --> 0:47:03.919
<v Speaker 7>they won't save that money.

0:47:04.000 --> 0:47:05.120
<v Speaker 11>That is the assumption here.

0:47:05.360 --> 0:47:08.000
<v Speaker 7>That is a huge assumption to make in the middle

0:47:08.080 --> 0:47:10.120
<v Speaker 7>of a cost of living crisis when their bills to

0:47:10.160 --> 0:47:10.919
<v Speaker 7>be paid. Yeah.

0:47:11.080 --> 0:47:13.160
<v Speaker 2>Well, I asked him about that when it came to

0:47:13.280 --> 0:47:16.919
<v Speaker 2>the energy relief that you know it will bring down

0:47:17.000 --> 0:47:20.360
<v Speaker 2>one component of the CPI. But is he worried that

0:47:20.440 --> 0:47:23.040
<v Speaker 2>people are going to spend that money elsewhere and thus

0:47:23.160 --> 0:47:26.800
<v Speaker 2>push up inflation. He was confident that wouldn't happen. What

0:47:26.920 --> 0:47:28.120
<v Speaker 2>do you think, Cameron Milner?

0:47:30.000 --> 0:47:31.600
<v Speaker 6>Well, I think it's a huge risk. I think it's

0:47:31.600 --> 0:47:34.120
<v Speaker 6>a huge risk and only time will tell. But if

0:47:34.160 --> 0:47:36.400
<v Speaker 6>the RBA raises rates, labor is gone.

0:47:36.760 --> 0:47:38.680
<v Speaker 11>If the RBA goes up, labor's out.

0:47:39.880 --> 0:47:44.319
<v Speaker 2>You think that people will directly blame the government if

0:47:45.200 --> 0:47:46.600
<v Speaker 2>the rate's absolutely.

0:47:46.239 --> 0:47:46.759
<v Speaker 11>On their watch.

0:47:47.960 --> 0:47:49.520
<v Speaker 6>Absolutely, Charry, Yeah, what.

0:47:49.600 --> 0:47:50.920
<v Speaker 1>Do you think, Andrew Carswell?

0:47:50.960 --> 0:47:54.080
<v Speaker 2>I mean the first interest rate rise was when you

0:47:54.400 --> 0:47:56.720
<v Speaker 2>were in government, was when Scott Morrison was Prime Minister.

0:47:58.840 --> 0:47:59.000
<v Speaker 11>Well.

0:47:59.040 --> 0:48:00.960
<v Speaker 7>I think the issue that the Australain people have with

0:48:01.239 --> 0:48:04.080
<v Speaker 7>this current government is the issue of competency. They've proven

0:48:04.160 --> 0:48:05.880
<v Speaker 7>to be in combonent on so many levels, but the

0:48:05.920 --> 0:48:08.040
<v Speaker 7>economy has been the one thing that they've managed to

0:48:08.280 --> 0:48:11.200
<v Speaker 7>do okay on and that's all credit to Jim Charmers

0:48:11.239 --> 0:48:13.520
<v Speaker 7>on that. So if they failed that test of competency

0:48:13.560 --> 0:48:16.760
<v Speaker 7>on the economy, gone, I mean.

0:48:16.840 --> 0:48:17.880
<v Speaker 1>Cameron very quickly.

0:48:18.320 --> 0:48:21.080
<v Speaker 2>You know, we are seeing in every other policy area

0:48:21.600 --> 0:48:25.320
<v Speaker 2>just these radical proposals. Charmers is the only moderate figure

0:48:25.360 --> 0:48:26.280
<v Speaker 2>You've got ten seconds.

0:48:28.560 --> 0:48:30.799
<v Speaker 6>Oh look, and thank goodness we've got Jim Chalmers there

0:48:30.800 --> 0:48:33.239
<v Speaker 6>because the left or in control of so much other

0:48:33.520 --> 0:48:35.440
<v Speaker 6>agendas with his labor Albanese government.

0:48:36.320 --> 0:48:39.920
<v Speaker 2>Yeah, which we've been absolutely smashing them on, night after night.

0:48:40.080 --> 0:48:42.920
<v Speaker 2>Andrea Carswell, Cameron Milne, I'm so sorry it was so

0:48:43.280 --> 0:48:43.920
<v Speaker 2>quick tonight.

0:48:44.480 --> 0:48:46.040
<v Speaker 1>I'm not going to be back tomorrow. It's a budget.

0:48:46.160 --> 0:48:48.080
<v Speaker 1>See you Wednesday night. Here's Paul Murray