WEBVTT - Paul Murray Live | 18 September 0:00:00.200 --> 0:00:05.400 From the Skyinging Center. This is Paul Murray Live. 0:00:06.720 --> 0:00:06.840 Hi. 0:00:06.960 --> 0:00:10.080 Happy Wednesday. So much to get to tonight. They are 0:00:10.119 --> 0:00:12.480 about to cut interest rates in the United States, So 0:00:12.600 --> 0:00:16.400 why are we not thinking about it until maybe the 0:00:16.400 --> 0:00:18.680 middle of next year. I want to talk about veterans, 0:00:18.680 --> 0:00:22.080 and rightly so. Today there was quite an embarrassment when 0:00:22.120 --> 0:00:24.079 it came to the government. But there's a bigger issue 0:00:24.079 --> 0:00:26.200 at play than no one's talking me about. And the 0:00:26.239 --> 0:00:30.640 Great Meghan Kelly joins us from the United States. First, 0:00:32.320 --> 0:00:35.520 there is not one, but two major political reasons why 0:00:35.680 --> 0:00:40.000 I continue to talk about the Beloo gas plans, which 0:00:40.080 --> 0:00:44.000 were due to begin in the Northern Territory. It employ 0:00:44.000 --> 0:00:48.440 more than six thousand people, there's five hundred trillion cubic 0:00:48.520 --> 0:00:54.680 meters of gas. This would certainly underscore and secure the 0:00:54.720 --> 0:00:57.680 network of renewables that are starting to be pushed around 0:00:57.800 --> 0:01:01.800 the country. But of course, the two reasons why this 0:01:01.880 --> 0:01:05.160 story is one I've talked about is because two seats 0:01:05.240 --> 0:01:08.160 in the Northern Territory may well be up for grabs 0:01:08.200 --> 0:01:12.480 because of Tanya Plebisec. Tania Plibisec has made the ridiculous 0:01:12.520 --> 0:01:16.960 decision to further delay a project that's supported by both 0:01:17.000 --> 0:01:20.560 sides of politics in the territory that is supported by 0:01:20.680 --> 0:01:25.440 Indigenous groups and is so advanced that there's literally equipment 0:01:25.440 --> 0:01:27.399 on the ground ready to get on with it today. 0:01:29.040 --> 0:01:32.080 But she's decided because they need those Greens preferences or 0:01:32.120 --> 0:01:34.600 they need to hold onto as many Green seats as possible. 0:01:35.920 --> 0:01:38.560 Tenia plibisiqu As I say, has shoved this off into 0:01:38.680 --> 0:01:42.480 yet another inquiry, yet another delay, yet another excuse why 0:01:42.600 --> 0:01:48.200 thousands of jobs in the mining sector may not take place. Well, 0:01:48.240 --> 0:01:51.480 today there was a minerals expo that was in Darwin, 0:01:51.960 --> 0:01:54.680 and I'm not Tania Plibiseq. We actually saw a politician 0:01:54.720 --> 0:01:59.040 worth cheering for. There was protesters at the front of 0:01:59.080 --> 0:02:02.400 this meeting that took place today in Darwin, and they 0:02:02.400 --> 0:02:06.760 did what all these protesters always do. But unlike many 0:02:06.840 --> 0:02:10.480 politicians who simply ignore them or secretly agree with them, 0:02:11.280 --> 0:02:13.639 we have a new political hero on Austra, on the 0:02:13.680 --> 0:02:17.760 Australian political scene right now, Lea Fanukiara, the Chief Minister, 0:02:17.840 --> 0:02:20.040 the brand new chief Minister, the leader of the cop 0:02:20.280 --> 0:02:23.200 the new Chief Minister in the Northern Territory. Now she 0:02:23.360 --> 0:02:27.320 was channeling politicians of many generations ago. But how good 0:02:27.320 --> 0:02:30.640 that in twenty twenty four. Somebody's got the clarity of 0:02:30.760 --> 0:02:33.640 right and wrong for their part of Australia and the 0:02:33.680 --> 0:02:36.679 future of our country that her response to the idiots 0:02:36.680 --> 0:02:37.640 outside was. 0:02:39.040 --> 0:02:41.480 One of the other key things we will do is 0:02:41.960 --> 0:02:46.960 cease funding of the Environmental Defenders Office following the judgment 0:02:47.040 --> 0:02:50.800 in the Santos Barosa case decision. We've been very clear 0:02:50.919 --> 0:02:55.800 on that, very clear on that, and the activist standing 0:02:55.840 --> 0:03:00.560 out the front, you are wasting your time. Go back 0:03:00.600 --> 0:03:03.280 to Victoria or wherever else you want to cause trouble, 0:03:03.680 --> 0:03:05.080 but you are not welcome here. 0:03:06.240 --> 0:03:10.440 Play of the Day, Star of the Week, number one 0:03:10.760 --> 0:03:14.000 on the charts right now our favorite politician in Australia 0:03:14.080 --> 0:03:17.240 right now, Leo for noooki Ao. What a great way 0:03:17.720 --> 0:03:21.200 to make it very clear that what was agreed to 0:03:21.480 --> 0:03:26.000 before an election will happen after an election. That in 0:03:26.040 --> 0:03:29.360 a place like the Northern Territory, mining matters and something 0:03:29.400 --> 0:03:31.839 that has passed every single test over years and years 0:03:31.880 --> 0:03:34.760 and years, that will employ thousands of people and keep 0:03:34.840 --> 0:03:38.560 the lights on is exactly what you should do. So 0:03:38.640 --> 0:03:40.760 I hope that those people do get the message and 0:03:40.880 --> 0:03:43.960 bugger off back to Victoria, where of course the protests 0:03:44.040 --> 0:03:46.400 is on every day because we need a convi whatever, 0:03:46.680 --> 0:03:50.600 go back there. Now. You know I love rugby leading 0:03:50.640 --> 0:03:54.120 my mighty West Tigers. It's been a long time, a 0:03:54.200 --> 0:03:57.760 long time, but still I was alive for the two 0:03:57.760 --> 0:03:59.600 thousand and five premiership. So I'll have to live with 0:03:59.640 --> 0:04:01.680 that for the read my life. But I do love 0:04:01.800 --> 0:04:03.840 rugby league and there was big news today in rugby 0:04:03.880 --> 0:04:06.800 League that another team will be added to the competition. 0:04:07.280 --> 0:04:09.720 Now the expectation is that we won from Perth sometime soon, 0:04:09.840 --> 0:04:12.360 but the massive announcement today was a new team will 0:04:12.360 --> 0:04:15.760 come via Papua New Guinea. Now the players will be 0:04:15.800 --> 0:04:17.800 based in far North Queensland. They'll sort of fly in 0:04:17.920 --> 0:04:21.919 fly out. But this is an area that loves rugby league. 0:04:22.400 --> 0:04:25.280 I mean kids in particular absolutely love rugby league and 0:04:25.360 --> 0:04:28.279 every time a star is up there they go nuts 0:04:28.279 --> 0:04:30.120 for them. So the chance for them to see not 0:04:30.240 --> 0:04:32.600 just a sort of home team from Papua New Guinea 0:04:32.640 --> 0:04:35.400 in the National Rugby League, but all of their favorite 0:04:35.400 --> 0:04:37.800 players is just awesome dream come true. I've got no 0:04:37.800 --> 0:04:42.080 problems with this. I also understand that soft diplomacy means 0:04:42.440 --> 0:04:44.719 that in order to keep places like Papua New Guinea 0:04:44.760 --> 0:04:47.680 on our side and not drag towards the financial control 0:04:47.680 --> 0:04:50.760 of places like China. You need to make sure that 0:04:50.839 --> 0:04:54.360 they have other things to look forward to rather than 0:04:54.400 --> 0:04:56.520 what normally takes place in a place like Papua New Guinea. 0:04:56.600 --> 0:04:59.279 So there is a close relationship between our two countries, 0:04:59.279 --> 0:05:01.160 and regardless of who who their prime minister is or 0:05:01.200 --> 0:05:04.520 our prime minister is, it's always hand in glove, as 0:05:04.560 --> 0:05:06.800 it should be. No one can forget the role of 0:05:06.800 --> 0:05:11.520 Puppety Guinea in World War two, and Australia also conversely 0:05:11.600 --> 0:05:15.200 defending Puppety Guinea in World War two. So congratulations to 0:05:15.240 --> 0:05:19.159 everyone involved. It's a great thing for that sport. The 0:05:19.200 --> 0:05:22.200 thing I wanted to mention though, is how it's all 0:05:22.200 --> 0:05:26.640 coming about. Dollars wise, it's going to cost Australian taxpayers 0:05:26.640 --> 0:05:30.560 more than half a trillion, sorry, half a billion, not 0:05:30.680 --> 0:05:35.960 triviion relas half a billion dollars six hundred million dollars 0:05:36.040 --> 0:05:40.479 or sixty million dollars are year, fourteen years. Is how 0:05:40.560 --> 0:05:43.279 much the Australian taxpayer is going to pay to set 0:05:43.400 --> 0:05:48.480 up this club, to build a stadium, to build the infrastructure. 0:05:50.000 --> 0:05:53.320 Now again I understand what the reasoning behind this is 0:05:53.320 --> 0:05:56.039 going to be about soft power in China, but government 0:05:56.080 --> 0:06:00.680 is also about priorities. Now, this government, by its own 0:06:00.720 --> 0:06:04.040 admission via the Intergenerational Report, is expecting next to you 0:06:04.160 --> 0:06:07.080 to be running a budget deficit. For the next twenty 0:06:07.200 --> 0:06:09.839 five years. Australia will run a budget deficit, meaning we 0:06:09.839 --> 0:06:13.320 will spend more money than the government will get in income. 0:06:13.880 --> 0:06:16.160 Ironically they get income out of a gas field in 0:06:16.200 --> 0:06:22.160 the Northern Territory. But besides the point, so it's about priorities. 0:06:22.200 --> 0:06:26.599 What you do with that money matters. And while people 0:06:26.640 --> 0:06:29.840 will distract by the China of it all, we've got 0:06:29.880 --> 0:06:33.200 a lot of problems here and I'm not entirely sure 0:06:33.400 --> 0:06:38.680 that the taxpayer involvement here wins out the argument about 0:06:38.720 --> 0:06:44.360 a priority for government. You see in Australia, I've told 0:06:44.400 --> 0:06:46.480 you a thousand times, so get ready for one thousand 0:06:46.520 --> 0:06:49.919 and one that three point seven million people last year 0:06:51.279 --> 0:06:54.400 suffered from aything called feod insecurity, where literally they didn't 0:06:54.440 --> 0:06:56.320 know where their meals were going to come from each 0:06:56.360 --> 0:06:59.599 and every day. And that means that there are food 0:06:59.720 --> 0:07:03.120 lineans in almost every capital city in the country right 0:07:03.120 --> 0:07:07.119 now of literally working Australians as well as working poor 0:07:07.160 --> 0:07:10.920 Australians as well as unemployed poor Australians who are literally 0:07:11.040 --> 0:07:19.280 lining up for the benefit of charities to give them food. Now, 0:07:19.320 --> 0:07:22.040 the organizations that do most of this work are certainly 0:07:22.080 --> 0:07:24.800 the most prominent. Of them. Are three courses that I 0:07:24.800 --> 0:07:28.480 talk about regularly and we support on this program, OZ Harvest, 0:07:28.480 --> 0:07:32.320 Second Bite and Food Bank in particular. Well, I went 0:07:32.360 --> 0:07:34.920 back and tried to work out at sixty million dollars 0:07:34.960 --> 0:07:38.720 a year for this football team, how does that compare 0:07:38.760 --> 0:07:43.040 to the amount of money that these organizations ask for 0:07:43.200 --> 0:07:47.440 as a dream number from the federal government to help 0:07:47.760 --> 0:07:52.560 feed a fellow Australians. It won't surprise you, but it's 0:07:52.680 --> 0:07:59.920 less than sixty million dollars a year. Now. This was 0:08:00.200 --> 0:08:04.440 their budget submission for the previous budget of twenty twenty three, 0:08:04.560 --> 0:08:08.720 but it still stands as their position this year. The 0:08:08.720 --> 0:08:11.640 Food relief sector has requested an annual federal government commitment 0:08:11.680 --> 0:08:15.480 of forty five million dollars per annum. That's fifteen million 0:08:15.520 --> 0:08:18.960 dollars less than is going to go for the Papua 0:08:19.000 --> 0:08:23.880 New Guinea football team to be made available for those 0:08:23.920 --> 0:08:27.080 experiencing food insecurity all year round, and for standby funding 0:08:27.080 --> 0:08:32.400 to assist in natural disasters, preparedness and resilience. I repeat, 0:08:33.840 --> 0:08:39.560 forty five million dollars. That was their dream number. Yet 0:08:39.559 --> 0:08:44.480 the football team in Papua New Guinea gets sixty million dollars. 0:08:45.880 --> 0:08:48.800 Does anyone honestly believe that the soft power game with 0:08:48.920 --> 0:08:53.480 China is of greater benefit to Australia today than feeding 0:08:53.600 --> 0:08:57.920 the people in Australia who cannot be fed. And of 0:08:57.960 --> 0:09:02.839 course government is always about priority. Right now there's a surplus, 0:09:02.960 --> 0:09:06.240 only ever slightly because of things like the Future Fund 0:09:06.360 --> 0:09:08.720 where magically they're allowed to count that now where previous 0:09:08.720 --> 0:09:11.960 governments haven't, And of course the mining sector which would 0:09:12.000 --> 0:09:14.760 also add to their coffers if they let the gas 0:09:14.800 --> 0:09:17.520 field go ahead. In the Northern Territory, are you paying 0:09:17.520 --> 0:09:21.160 attention voters of Solomon and Lingiari, You may well push 0:09:21.200 --> 0:09:24.199 this government into a minority, and not just a minority, 0:09:24.240 --> 0:09:27.120 but a minority so close there's a chance that they 0:09:27.160 --> 0:09:30.000 may not even be able to form it. Now we 0:09:30.080 --> 0:09:31.719 know people in the Northern Territory are able to hold 0:09:31.760 --> 0:09:34.679 their rage. They did so on the territory government, will 0:09:34.720 --> 0:09:36.840 they do so for the federal government? Certainly in and 0:09:36.880 --> 0:09:39.760 around Ala Springs, they of course abandoned you when it 0:09:39.840 --> 0:09:42.920 came to crime. The Prime Minister spent more time flying 0:09:42.920 --> 0:09:46.079 to and from Ala Springs than in Alice Springs, remember 0:09:46.160 --> 0:09:51.040 before he buged off the tennis for three days. These 0:09:51.080 --> 0:09:54.680 are the priorities of government, and the priority here is 0:09:54.679 --> 0:09:57.320 apparently sixty million dollars our year for the next ten 0:09:57.400 --> 0:10:01.520 years for the football team that yes, will do incredible 0:10:01.520 --> 0:10:05.760 good and I fully support its existence and I understand 0:10:05.800 --> 0:10:08.520 its importance to the sport and its value to the 0:10:08.800 --> 0:10:12.040 kids and the wider community Papua New Guinea. But sixty 0:10:12.160 --> 0:10:16.760 million bucks could be spent here on one area alone 0:10:16.760 --> 0:10:20.120 that I've identified, that being helping the charities that feed Australians. 0:10:21.160 --> 0:10:23.560 But when it's other people's money, do they really care? 0:10:24.280 --> 0:10:27.040 Of course not. This is the mob who spends tens 0:10:27.040 --> 0:10:31.280 of thousands of dollars on just one party that Karen 0:10:31.360 --> 0:10:35.440 was throwing as the ambassador in Washington. This is the 0:10:35.480 --> 0:10:40.080 bloke that spent This is the mob that spent twenty 0:10:40.160 --> 0:10:43.559 thousand dollars flying a bloke to India to play the Digerido. 0:10:44.800 --> 0:10:46.480 And this is the mob that have paid four hundred 0:10:46.520 --> 0:10:50.079 and fifty million dollars for not one, but two new 0:10:50.080 --> 0:10:53.360 private planes for the Prime minister. Yes, fact checkers ordered 0:10:53.360 --> 0:10:56.280 by the previous government, but not canceled by this one. 0:10:56.360 --> 0:10:58.680 Not to mention four hundred and fifty million dollars on 0:10:58.720 --> 0:11:02.960 a referendum that are just said hell no to by 0:11:03.040 --> 0:11:09.400 sixty percent. And speaking of government money, well we're here 0:11:09.440 --> 0:11:13.520 are other people's money money. Canon two cares the Hobart 0:11:13.520 --> 0:11:16.600 Stadium that will be the home of the Tazzy Tigers 0:11:16.600 --> 0:11:20.640 when they eventually joined the AFL. Again, we can all 0:11:20.640 --> 0:11:22.360 have our views on this, but let's be very clear. 0:11:22.400 --> 0:11:24.600 The Prime minister he thought this was a way to 0:11:24.640 --> 0:11:28.360 help the Labor Party at the last territory, last state election. 0:11:28.400 --> 0:11:31.199 Of course it lost because it was opposed, but then 0:11:31.480 --> 0:11:34.640 backed the stadium. But of course the priorities of government, 0:11:34.679 --> 0:11:37.880 well they were met very directly when this. Protesters said 0:11:38.040 --> 0:11:39.199 what about something else? 0:11:40.400 --> 0:11:43.640 He wouldn't need a stadium. People need a rod on them. 0:11:43.679 --> 0:11:46.160 Let's talk about housing, Prime minister. 0:11:47.200 --> 0:11:49.360 Do you want to Yeah, I think you've had to say. 0:11:50.400 --> 0:11:53.520 But let's be clear. The people of Tasmania knew of 0:11:53.559 --> 0:11:56.719 this issue, knew of this priority, and they returned. Eventually 0:11:57.360 --> 0:11:59.959 the liberal government that is working with the federal gun 0:12:00.320 --> 0:12:02.960 to get this thing to take place. So I'm not 0:12:03.000 --> 0:12:04.960 expecting them to go back on a decision that was 0:12:05.000 --> 0:12:07.240 hard fought, hard won, and is now going to be 0:12:07.440 --> 0:12:10.600 the law of the land. It's going to happen. So 0:12:10.640 --> 0:12:13.880 why am I talking about it tonight? Because guess what 0:12:14.480 --> 0:12:17.760 the cost of the stadium has gone up since they 0:12:17.800 --> 0:12:24.080 first announced it, gone up since the last election. Well, Dounder, 0:12:24.080 --> 0:12:27.800 the ABC for following the paperwork here an application for 0:12:27.880 --> 0:12:29.800 the building of this thing says that it's going to 0:12:29.800 --> 0:12:32.040 cost seven hundred and seventy five million dollars. Now that's 0:12:32.080 --> 0:12:35.000 not these seven hundred and fifteen million dollars that they 0:12:35.000 --> 0:12:37.200 were saying just a couple of months ago. Now I 0:12:37.240 --> 0:12:39.320 need to point out the state government we'll still have 0:12:39.480 --> 0:12:42.080 its cap at three hundred and seventy five million, so 0:12:42.080 --> 0:12:43.760 that it doesn't matter if this thing costs eight hundred 0:12:43.840 --> 0:12:46.480 nine hundred billion dollars. In the end, the most taxpayers 0:12:46.480 --> 0:12:49.000 at this stage three hundred and seventy five, federal government 0:12:49.040 --> 0:12:51.720 two hundred and forty million dollars afl Oh, jeez on, 0:12:51.800 --> 0:12:55.480 they doing a bit at fifteen million dollars. But don't 0:12:55.480 --> 0:12:58.920 forget the devil in the detail here about the Tazzi 0:12:59.040 --> 0:13:03.800 Devils and when they enter the Australian Football League's competition 0:13:04.800 --> 0:13:08.280 in a couple of years time, the taxpayer, just like 0:13:08.360 --> 0:13:10.280 it is in Papua New Guinea, is going to be 0:13:10.320 --> 0:13:13.960 paying for the existence of the club, not just the 0:13:14.000 --> 0:13:18.320 building of the facilities for the club. In fact, again 0:13:18.360 --> 0:13:20.160 let's go back to the data, let's go back to 0:13:20.200 --> 0:13:22.120 the documents, and again thanks to the ABC for doing 0:13:22.120 --> 0:13:24.560 the hard yards for us here. In terms of ongoing funding, 0:13:24.600 --> 0:13:27.880 the Tasmanian government has promised to provide twelve million dollars 0:13:27.960 --> 0:13:32.520 a year for the next twelve years at a total 0:13:32.520 --> 0:13:34.640 of one hundred and forty four million dollars. So it 0:13:34.679 --> 0:13:36.640 is a better deal, I suppose than the Papua New 0:13:36.640 --> 0:13:38.640 Guinea thing one hundred and forty four million for twelve 0:13:38.679 --> 0:13:43.679 years as opposed to six hundred million for ten plus 0:13:43.800 --> 0:13:46.960 sixty million dollars or one years worth of federal government money, 0:13:47.520 --> 0:13:51.199 your money for the Papa Guinea team to build a 0:13:51.280 --> 0:13:57.560 high performance complex. Again, priorities election has been fought on 0:13:57.600 --> 0:14:01.040 this election has been one on this. But the state 0:14:01.080 --> 0:14:05.440 of the books in Tasmania is terrible. Saul Leslake, who 0:14:05.520 --> 0:14:07.680 is of course a a person renowned as an economist, 0:14:07.800 --> 0:14:09.240 used to work with the A and Z Bank, used 0:14:09.240 --> 0:14:11.160 to be on all the time TV and radio are 0:14:11.160 --> 0:14:13.240 talking about interest rates. Well, he is an economist who 0:14:13.280 --> 0:14:15.600 is based in Tasmania and he had a little look 0:14:15.880 --> 0:14:19.120 at the financial future of his home state. He now 0:14:19.120 --> 0:14:21.920 says that it's basically a basket case. But that's a 0:14:21.920 --> 0:14:26.680 basket case that's still got enough there for the AFL 0:14:26.760 --> 0:14:28.960 to dip into or for them to offer up to 0:14:29.000 --> 0:14:32.480 the AFL gods the economists saw Leslake, who reasons reporting 0:14:32.520 --> 0:14:35.040 to his home states finances has been largely rejected by 0:14:35.080 --> 0:14:39.400 the government that commissioned it. Said on Thursday said the 0:14:39.440 --> 0:14:43.600 Thursday's budget was in Tasmania's finances apologies or put the 0:14:43.600 --> 0:14:46.040 glasses on now was on track to be the worst 0:14:46.120 --> 0:14:49.120 of any state or territory. It didn't have to be 0:14:49.200 --> 0:14:52.160 that way, but it is the deterioration of Tasmania's public 0:14:52.160 --> 0:14:55.480 finances since the mid twenty tens, so that's both sides 0:14:55.480 --> 0:14:58.880 of politics. Has been entirely attributable to government decisions about 0:14:58.920 --> 0:15:01.800 increasing spending without any consideration given as to how that 0:15:01.880 --> 0:15:05.840 spending would be paid for. For example, football stadium and 0:15:05.920 --> 0:15:08.800 team to play in football stadium, but that race is 0:15:08.800 --> 0:15:14.320 one and lost when it comes to housing. Let's get 0:15:14.360 --> 0:15:16.960 to this here because big news will happen, most likely 0:15:16.960 --> 0:15:18.800 in the United States in the next twenty four hours. 0:15:18.960 --> 0:15:21.920 As we know, everything is about interest rates here because 0:15:21.920 --> 0:15:25.080 apparently the thirteenth interest rate rise under the Albaneze government 0:15:25.120 --> 0:15:27.160 will be the one Australians won't cop. I'll give you 0:15:27.160 --> 0:15:29.680 the tip they didn't cop the twelfth, the eleventh, and 0:15:29.760 --> 0:15:33.840 tenth or the ninth. As you know, majority of Australians 0:15:33.840 --> 0:15:37.240 blame the federal government for matters to do with inflation, 0:15:37.400 --> 0:15:39.520 not as they would like to try to pretend, Reserve Bank, 0:15:39.520 --> 0:15:42.840 Reserve Bank, Reserve Bank. But interestingly here, as you know, 0:15:42.920 --> 0:15:46.240 there are well some hope of an interest rate cut 0:15:46.240 --> 0:15:48.920 eventually kicking in here in Australia. But as Michelle Bullock 0:15:48.960 --> 0:15:53.080 told us as late as this month, don't express so. 0:15:53.520 --> 0:15:56.400 The board's message following its meeting only a few weeks 0:15:56.400 --> 0:16:00.160 ago was that it's premature to be thinking about rape cuts. 0:16:00.680 --> 0:16:04.080 Yeah, she's not planning on that cut happening any time soon. 0:16:05.480 --> 0:16:07.720 In fact, she says that if we start cutting interest 0:16:07.760 --> 0:16:09.680 rates too quickly, we're going to start to head into 0:16:09.720 --> 0:16:12.960 a recession our different. Stephen Conroy disagrees in know that, 0:16:13.040 --> 0:16:16.280 will say so again a little bit later tonight. Meantimes, 0:16:16.320 --> 0:16:18.520 she has turned around and said that any conversation about 0:16:18.560 --> 0:16:24.720 interestrates being cut in Australia would be quote unquote premature. Well, 0:16:24.960 --> 0:16:26.800 right now there is a conversation, of course about to 0:16:26.920 --> 0:16:28.800 take place in the United States, and I'll get to 0:16:28.800 --> 0:16:31.080 that in a second. But when it comes to homes 0:16:31.160 --> 0:16:33.240 right now and the interest rates that are as high 0:16:33.240 --> 0:16:35.880 as they currently are, and people blame the federal government 0:16:36.000 --> 0:16:39.360 for it not. The Reserve Bank mortgage defaults are the 0:16:39.440 --> 0:16:41.960 highest that they have been since the pandemic. In fact, 0:16:41.960 --> 0:16:45.120 it is expected to go higher than when the borders 0:16:45.120 --> 0:16:46.800 were shut and people weren't able to go to work 0:16:47.640 --> 0:16:49.600 and house prices of course started to go through the roof. 0:16:50.320 --> 0:16:54.720 The number of Aussies late on home loan repayments by 0:16:54.760 --> 0:16:57.080 more than a month will shortly beat the pandemic peak. 0:16:57.600 --> 0:17:00.000 High interest rates and stick inflation are continuing to put 0:17:00.080 --> 0:17:04.080 financial stress on the households. The credit ratings agency Moody's 0:17:04.280 --> 0:17:07.840 has said particular problems exist for the self employed, low 0:17:07.920 --> 0:17:12.200 income people, and anyone with high loan valuation ratio mortgages. 0:17:12.760 --> 0:17:15.280 In fact, he's a little chart to show you. The 0:17:15.320 --> 0:17:17.280 one on the left is the peak of the pandemic. 0:17:17.440 --> 0:17:20.080 The one now is what we are living right the second. 0:17:22.680 --> 0:17:24.359 But as I mentioned a couple of times, there is 0:17:24.400 --> 0:17:27.120 a big decision coming from the United States where tonight 0:17:27.320 --> 0:17:30.760 their time, our time, you get anyway, next wenting four hours, 0:17:30.960 --> 0:17:33.840 the United States will probably cut interest rates. There's a 0:17:33.920 --> 0:17:37.200 chance it could be not by half, not by a 0:17:37.320 --> 0:17:39.679 quarter of a present, but by half of a percent. 0:17:40.240 --> 0:17:42.240 Roll the tape on the finance people in the US. 0:17:43.160 --> 0:17:46.320 When the Bella Reserve meets this week, officials are expected 0:17:46.359 --> 0:17:49.160 to mark the end of an era as they cut 0:17:49.200 --> 0:17:52.320 interest rates for the first time and four years and 0:17:52.440 --> 0:17:56.600 chart a course lower for rates over the next two years. 0:17:57.160 --> 0:17:59.280 So why are interest rates coming down in America? But 0:17:59.320 --> 0:18:02.320 they're not coming down? And here because don't we apparently 0:18:02.359 --> 0:18:05.679 have the best economy in the world. We'll debate it, 0:18:05.840 --> 0:18:09.560 Seving Conroy Broman Bishop here in the man Cave and 0:18:09.600 --> 0:18:11.639 in Melbourne in a moment or two time meantime, on 0:18:11.680 --> 0:18:14.680 the subject of cost of living. Some frightening stuff about 0:18:14.720 --> 0:18:18.119 cafes and smaller restaurants that we're hearing about today is 0:18:18.160 --> 0:18:23.280 that business payment defaults are narrator record high, and hospitality 0:18:24.000 --> 0:18:26.560 is the one that is currently in a world of pain. Also, 0:18:26.640 --> 0:18:28.919 if you are somebody who was obsessed with the daily 0:18:29.040 --> 0:18:31.960 coffee or twice daily or three times daily, depending on 0:18:32.000 --> 0:18:34.200 how much stress there is in your life. According to 0:18:34.320 --> 0:18:36.960 Corey mart the day hospitality operators say that coffee is 0:18:36.960 --> 0:18:41.080 about hit seven dollars a cup. Oh but everything's great 0:18:41.119 --> 0:18:43.200 under Ralbow, isn't it. Remember he was the one who 0:18:43.240 --> 0:18:46.200 was promising to make it all better if you've voted 0:18:46.240 --> 0:18:48.240 for him a couple of years ago. As if people 0:18:48.240 --> 0:18:54.159 won't remember this whenever they hold the election. Another one 0:18:54.160 --> 0:18:56.280 we're talking about here is I'll mate Toorney Burke. Now, 0:18:56.320 --> 0:18:59.000 in addition to being the Arts Minister of Australia, he's 0:18:59.040 --> 0:19:01.440 the Home Affairs Ministe. Of course, you remember he was 0:19:01.480 --> 0:19:04.120 the one. He was brought in after clueless Clare O'Neil 0:19:04.160 --> 0:19:07.879 and that idiot Andrew Giles stuffed up everything to do 0:19:07.920 --> 0:19:10.600 with the borders, especially the people who had been released 0:19:10.760 --> 0:19:15.720 by the High Court after the indefinite detention decision. Well, interestingly, 0:19:15.760 --> 0:19:17.600 there's another mess he's going to have to clean up here, 0:19:17.600 --> 0:19:19.359 and it was not of his own making, but it's 0:19:19.359 --> 0:19:22.080 certainly one that his government has stood by. The Australian 0:19:22.080 --> 0:19:25.160 newspaper To Day excellently reports on how Labour fueled security 0:19:25.840 --> 0:19:31.200 fears by scrapping Immigration Direction sixty three. What does that mean? 0:19:31.880 --> 0:19:36.400 Labour has quietly scrapped a ministerial direction ordering the deportation 0:19:36.880 --> 0:19:39.720 of bridging visa holders who were charged with an offense 0:19:40.280 --> 0:19:43.800 or placed under investigation promptly in the Coalition to escalate 0:19:43.840 --> 0:19:48.439 its attack on Anthony Aberdez's record on national security. The 0:19:48.520 --> 0:19:52.399 decision was made in January by the previous idiot Immigration Minister. 0:19:52.440 --> 0:19:55.480 But don't worry, the Arts Minister will fix it all up. 0:19:56.800 --> 0:19:59.560 James Patterson is the potential Home Affairs Minister in a 0:19:59.640 --> 0:20:01.320 Dutton government and he smells a rap. 0:20:02.640 --> 0:20:04.879 Just highlights while they should never have been given tourist 0:20:05.000 --> 0:20:07.840 visas in the first place. If they are genuine refugees 0:20:07.920 --> 0:20:10.320 and asylum seekers, they should have been assessed for that 0:20:10.800 --> 0:20:14.399 visa and carefully checked on security grounds before they are 0:20:14.520 --> 0:20:16.919 given visas and before they brought into our country. But 0:20:17.080 --> 0:20:19.399 under the Albaneza government we've had a rushed and risky 0:20:19.440 --> 0:20:22.440 process and I fear that the national security of our 0:20:22.480 --> 0:20:23.879 country is at stake has a result. 0:20:25.160 --> 0:20:28.280 Also in Camper today, the big story was the other 0:20:28.359 --> 0:20:31.800 shoe to drop after the Veterans' Royal Commission, the Veterans 0:20:31.840 --> 0:20:35.359 Affairs Suicide Royal Commission. The media more well and truly 0:20:35.400 --> 0:20:39.000 across this one. The federal government has been forced to 0:20:39.040 --> 0:20:42.800 publicly release a bombshell report that calls for a drastic 0:20:42.840 --> 0:20:45.320 overhaul of the nation's military justice system. 0:20:45.640 --> 0:20:48.600 A report the government kept secret is out. 0:20:49.920 --> 0:20:52.520 How this was leaked well a conversation and of itself, 0:20:52.520 --> 0:20:55.200 which means we'll have an inquiry into how an inquiry 0:20:55.240 --> 0:20:57.760 released the report of an inquiry that we weren't supposed 0:20:57.760 --> 0:21:01.000 to see because the inquiry was only for government. Unsurprisingly, 0:21:01.040 --> 0:21:03.480 Jackie Lamby is going offload the tubob watch. 0:21:04.840 --> 0:21:07.000 You wonder why there's so many cover ups, You wonder 0:21:07.000 --> 0:21:10.960 why we've been a Royal commission for three years. But 0:21:11.080 --> 0:21:14.879 the contempt of what happened yesterday, knowing that we're onto 0:21:14.920 --> 0:21:17.960 this document and then removing that from the website is 0:21:18.000 --> 0:21:21.360 one of the most awful things I have seen come 0:21:21.400 --> 0:21:25.480 from this government. It is absolutely disgusting. There was no 0:21:25.600 --> 0:21:28.840 reason to sit on this. There was no reason to 0:21:28.880 --> 0:21:31.919 sit on this, and quite Frankly, I think the Defense 0:21:32.000 --> 0:21:34.840 Minister has them explaining today, but. 0:21:34.840 --> 0:21:36.399 I'll keep voting with the government and I'll take their 0:21:36.400 --> 0:21:40.199 preferences in the lead up to the next election. The 0:21:40.240 --> 0:21:45.800 actual scandal today isn't necessarily what was reported, although that 0:21:45.880 --> 0:21:50.840 is terrible, no question right, It's let's go back a week. 0:21:51.560 --> 0:21:54.360 Remember when we went through chapter and verse the key 0:21:54.400 --> 0:21:58.040 recommendations of that Royal Commission into veterans suicide. It had 0:21:58.040 --> 0:22:00.560 been taking place for three years. Everyone said it was urgent, 0:22:00.600 --> 0:22:04.520 everyone said it was important. Everyone says they respect the soldiers. 0:22:06.680 --> 0:22:10.760 I pay tribute to all those who've endured a difficult 0:22:10.880 --> 0:22:15.240 day to day in order to make tomorrow better for 0:22:15.400 --> 0:22:16.720 those veterans. 0:22:17.520 --> 0:22:21.320 But a week on from that report being released publicly, 0:22:21.880 --> 0:22:27.639 the government has promised to implement none of it, Not 0:22:27.720 --> 0:22:31.920 one recommendation they have said that they will implement as 0:22:31.920 --> 0:22:35.199 a result of the Royal Commission. Now, sure they may 0:22:35.240 --> 0:22:36.920 not be able to say all one hundred and something 0:22:36.920 --> 0:22:40.200 of them can be implemented today, but surely the government 0:22:40.240 --> 0:22:42.600 a week on from reading this report would agree with 0:22:42.680 --> 0:22:46.560 recommendation for the Defense should take steps to mitigate adverse 0:22:46.640 --> 0:22:50.919