WEBVTT - Credlin | 29 September 0:00:02.770 --> 0:00:08.320 Peter Credlin, live from News 24. 0:00:08.320 --> 0:00:10.700 Good evening. Welcome to the program. Here's what's coming up 0:00:10.740 --> 0:00:15.360 tonight on Credlin. Five would-be terrorists arrested yesterday in the UK, 0:00:15.780 --> 0:00:19.780 yet inexplicably all five are now out on bail. We'll 0:00:19.800 --> 0:00:21.660 get the latest out of London on the foiled terror 0:00:21.680 --> 0:00:26.280 plot as public outrage grows. We'll also speak to ex-AFP 0:00:26.380 --> 0:00:32.240 terrorism expert David Craig about our vulnerabilities here in Australia. Plus, 0:00:32.300 --> 0:00:36.150 experts warn AI-driven cyber attacks could cost Australian business up 0:00:36.450 --> 0:00:41.270 to $ 37 billion by 2030. More on arguments today that 0:00:41.310 --> 0:00:44.470 the federal government on this is asleep at the wheel. 0:00:45.210 --> 0:00:48.250 The campaign to stop the politicisation of the war memorial 0:00:48.290 --> 0:00:52.780 in Canberra gaining momentum. Tony Abbott's joined the fight. He'll 0:00:52.800 --> 0:00:55.500 be with me here on the set tonight with the latest. 0:00:56.190 --> 0:00:59.260 And that headline news today, Australia's cash rate increased to 0:00:59.300 --> 0:01:03.040 its highest levels in 15 years, but the Reserve Bank 0:01:03.060 --> 0:01:05.440 Governor says she was left with no choice. 0:01:06.140 --> 0:01:08.819 Today's increase in interest rates is needed to slow the 0:01:08.880 --> 0:01:12.690 economy and return inflation to target. Every household has seen 0:01:12.730 --> 0:01:15.390 how the price of everything has gone up in recent years. 0:01:16.030 --> 0:01:18.110 Pay packets don't go as far as they used to, 0:01:18.550 --> 0:01:20.810 and that's why we need to stop this high inflation. 0:01:22.230 --> 0:01:24.390 We'll start with that decision today by the Reserve Bank 0:01:24.410 --> 0:01:27.630 to yet again lift the cash rate on this occasion 0:01:27.670 --> 0:01:33.370 by 25 basis points to a 15-year high of 4.6%. Now, 0:01:33.390 --> 0:01:35.550 you'd have to go back to the era when Julia 0:01:35.610 --> 0:01:39.130 Gillard ran the country in 2011 to see a cash 0:01:39.209 --> 0:01:42.800 rate this high. Indeed, around the world, we're now the 0:01:42.830 --> 0:01:45.940 gold medalist in a shocking race to have the highest 0:01:46.020 --> 0:01:50.460 cash rate of any major advanced economy. Just look at 0:01:50.500 --> 0:01:56.610 Labor's appalling record since Australians first elected Anthony Albanese in 2022. 0:01:56.610 --> 0:02:01.490 Though Labor, it blames global events. 0:02:02.310 --> 0:02:05.430 We do have serious challenges in our economy. Our inflation 0:02:05.470 --> 0:02:09.030 challenge is being turbocharged by a war on the other 0:02:09.070 --> 0:02:12.690 side of the world. Australians are paying a very hefty 0:02:12.750 --> 0:02:16.000 price for that war in the Middle East and today 0:02:16.260 --> 0:02:18.500 that price became a bit steeper. 0:02:20.630 --> 0:02:24.429 It was Morrison's fault, it was COVID's fault, it was 0:02:24.470 --> 0:02:27.630 the war in Ukraine and now it's the war in Iran. 0:02:27.680 --> 0:02:32.120 But you can't be this unlucky 16 times, Jim Chalmers. 0:02:32.840 --> 0:02:37.000 And by Albanese's own standards set when he was opposition leader, well, 0:02:37.040 --> 0:02:41.680 Labor have failed us. Back then, of course, Albanese didn't 0:02:41.720 --> 0:02:43.660 even know the basic numbers. 0:02:44.500 --> 0:02:46.639 What's the national unemployment rate? 0:02:46.660 --> 0:02:49.280 The national unemployment rate at the moment is. 0:02:51.400 --> 0:02:51.880 I think it's 5.4. 0:02:51.880 --> 0:02:56.620 Sorry, I'm not sure what it is. 0:02:56.900 --> 0:03:01.180 Do you know what the figures are? Yeah, it's 0.1 0:03:01.180 --> 0:03:02.140 is the cash rate. 0:03:04.540 --> 0:03:07.160 Now, did you pick that up? That was the campaign 0:03:07.320 --> 0:03:11.889 in 2022. Did you pick up that number? 0.1%, he said, 0:03:11.930 --> 0:03:16.190 was the cash rate. And then he was elected Prime Minister. Now, 0:03:17.169 --> 0:03:23.600 four years in, It's 4.6%. Yet unbelievably, Albanese says it's 0:03:23.700 --> 0:03:28.480 not his fault. After 16 rate rises, an average new 0:03:28.560 --> 0:03:33.070 mortgage in Australia now costs more than $ 30, 000 a year 0:03:33.090 --> 0:03:36.870 in interest than when Labor was first elected back then. 0:03:37.790 --> 0:03:41.670 And this pain, it's not our fault. Australians are forced 0:03:41.690 --> 0:03:45.480 to tighten our belts because our government in Canberra will 0:03:45.680 --> 0:03:49.700 not tighten its belt. Because Labor refuses to rein in 0:03:49.800 --> 0:03:54.100 record high government spending. Because Labor uses taxpayer money to 0:03:54.650 --> 0:03:59.390 buy your vote. Like wiping $ 3 billion off in HECS 0:03:59.450 --> 0:04:01.870 debts at the last election to buy the vote of 0:04:02.030 --> 0:04:05.950 uni students. Like handing out $ 300 million to a raft 0:04:05.990 --> 0:04:10.210 of multicultural groups with over 90% of the money allocated 0:04:10.470 --> 0:04:14.930 to Labor-held seats. Like a $ 6 million sweetheart deal to 0:04:14.970 --> 0:04:19.490 a golf club 200 metres from the PM's own back fence. 0:04:20.490 --> 0:04:24.170 Under the Albanese government, spending as a percentage of GDP 0:04:24.490 --> 0:04:28.810 is the highest in 40 years outside the pandemic. And 0:04:28.830 --> 0:04:32.540 before Chalmers blames the coalition alone for that COVID spending, 0:04:33.080 --> 0:04:35.940 none of us have forgotten that Labor wanted that spending 0:04:35.980 --> 0:04:39.500 to stay in place longer than it did. So if 0:04:39.560 --> 0:04:44.180 Chalmers had got his way, our $ 1 trillion debt would 0:04:44.220 --> 0:04:47.530 be even worse. Now, if you think that rising interest 0:04:47.589 --> 0:04:49.909 rates will make it easier for first-term buyers to get 0:04:49.950 --> 0:04:52.630 into the market, well, think again. This is where Labor 0:04:52.670 --> 0:04:56.890 just doesn't get it. Rising interest rates mean that people 0:04:56.950 --> 0:04:59.770 have to earn more in order to service their loan. 0:04:59.790 --> 0:05:01.910 And if they can't prove that to the bank when 0:05:01.930 --> 0:05:05.790 they apply, well, their loan won't be approved. Anyone out 0:05:05.810 --> 0:05:07.849 there now with a deposit and hoping to buy into 0:05:07.890 --> 0:05:11.170 the market is also hit hard, now having to come 0:05:11.230 --> 0:05:15.380 up with thousands more in their deposit just because of 0:05:15.420 --> 0:05:18.900 today's decision. And that presupposes, of course, that there's even 0:05:18.940 --> 0:05:21.880 a property on the market for them to buy. Right 0:05:21.920 --> 0:05:24.980 around the country, there's a crisis of confidence in our 0:05:25.000 --> 0:05:29.550 housing market. We're seeing worryingly low auction clearance rates and 0:05:29.570 --> 0:05:33.310 a huge amount of stock languishing, in part because buyers 0:05:33.330 --> 0:05:37.170 are not there, but also because those selling can't afford 0:05:37.210 --> 0:05:40.310 to cut their prices any further, lest they sell their 0:05:40.370 --> 0:05:43.970 home for less than what they owe the bank. Now, 0:05:44.029 --> 0:05:47.570 few countries on earth have the high level of household 0:05:47.690 --> 0:05:51.750 indebtedness that we do in Australia. In terms of household 0:05:51.770 --> 0:05:55.810 debt to GDP, we are a very sorry second beaten 0:05:55.890 --> 0:06:01.479 out just by Switzerland. And this statistics even worse when 0:06:01.560 --> 0:06:03.839 household debt is measured not as a percentage of gross 0:06:03.860 --> 0:06:08.940 domestic product, but as a share of annual household disposable income. 0:06:09.740 --> 0:06:16.610 Under that measure, Australian households owe over 210% of their income. 0:06:17.730 --> 0:06:19.589 Given we're already a country with some of the highest 0:06:19.650 --> 0:06:23.589 personal income tax rates in the world, this gives households 0:06:23.650 --> 0:06:26.409 very little wriggle room to make ends meet. This is 0:06:26.450 --> 0:06:30.310 why people are hurting. Something Pauline Hanson today was straight 0:06:30.350 --> 0:06:34.330 out of the blocks to acknowledge, demanding the Treasurer's resignation. 0:06:35.180 --> 0:06:38.600 Labor is running this country into the ground. The best 0:06:38.640 --> 0:06:41.820 thing Jim Chalmers could do today is implement One Nation's 0:06:42.060 --> 0:06:45.400 super pay boost. Then he should resign. 0:06:47.580 --> 0:06:49.790 Yesterday, when the government closed out the books on the 0:06:49.870 --> 0:06:52.890 last financial year with the release of what's called the 0:06:53.630 --> 0:06:59.409 final budget outcome documents, well, what wasn't reported widely enough 0:06:59.910 --> 0:07:03.750 in those books was the fact that $ 64 billion of 0:07:03.810 --> 0:07:08.360 spending has been hidden off budget. So when Labor reported 0:07:08.420 --> 0:07:12.960 yesterday a deficit of $ 22 billion, it's actually $ 88 billion 0:07:12.980 --> 0:07:15.980 in the red, not $ 22. And by the end of 0:07:16.000 --> 0:07:19.250 the decade, so in just four years' time, taxpayers will 0:07:19.260 --> 0:07:23.430 be spending a whopping $ 32 billion in net interest payments 0:07:23.490 --> 0:07:30.690 to service our trillion-dollar debt. $ 32 billion in interest alone. Or, 0:07:31.170 --> 0:07:37.790 let's express that another way, that's $ 32, 000 million. This is 0:07:37.920 --> 0:07:41.200 money that in a majority of cases is sent offshore 0:07:41.540 --> 0:07:44.920 to service our debt. It's not paying off the capital 0:07:45.120 --> 0:07:48.370 at all. It's just interest. And like all interest, it's 0:07:48.430 --> 0:07:52.870 dead money. Here is finance expert Mark Bouros. 0:07:53.670 --> 0:07:58.090 The Commonwealth debt alone, the interest repayment will soon be 0:07:58.150 --> 0:08:04.060 costing more than Medicare. per year. And yet, Mark, between 0:08:04.140 --> 0:08:06.640 now and over the next 10 years, this government is 0:08:06.680 --> 0:08:10.420 not going to run a single surplus. They're spending more 0:08:10.460 --> 0:08:14.560 money every year than they're saving. Tens of billions of dollars. 0:08:14.340 --> 0:08:14.860 Off the mark. 0:08:15.160 --> 0:08:16.720 When I say that the government spends 26.9% of GDP 0:08:16.760 --> 0:08:19.240 on government expenditure, they only raise 24.1% of GDP from taxes. 0:08:26.420 --> 0:08:28.810 So there's a gap. And what you're talking about now 0:08:29.350 --> 0:08:32.110 is the gap, how they fund the gap between what 0:08:32.130 --> 0:08:34.990 they spend and what they raise. And what you're talking 0:08:35.010 --> 0:08:37.870 about here is government debt, federal government debt or Commonwealth 0:08:37.910 --> 0:08:38.650 government debt. 0:08:38.790 --> 0:08:39.470 And this is the. 0:08:39.429 --> 0:08:43.510 Trillion dollar thing everyone keeps talking about. Our Commonwealth government 0:08:43.610 --> 0:08:46.480 debt is at a trillion dollars. And that trillion dollars 0:08:46.510 --> 0:08:50.339 has been borrowed by this government and previous governments, but 0:08:50.580 --> 0:08:53.800 has been continued to be borrowed by this government. And 0:08:53.860 --> 0:08:56.560 you have to pay interest on that. And that interest 0:08:56.600 --> 0:08:58.679 bill is what you're talking about is going to get bigger, 0:08:59.160 --> 0:09:01.160 will soon be bigger than the amount of money they 0:09:01.179 --> 0:09:02.210 spend every year on Medicare. 0:09:02.230 --> 0:09:04.030 In other words, put it back to a household. 0:09:04.270 --> 0:09:07.949 It's a bit like having such huge borrowings that you 0:09:07.970 --> 0:09:10.630 spend more money on your interest on your borrowings at 0:09:10.670 --> 0:09:13.350 home than you do on, say, your kid's education or 0:09:13.429 --> 0:09:16.850 putting food on the table. For this government to continually 0:09:16.890 --> 0:09:20.730 blame previous governments for the money that was spent during 0:09:20.770 --> 0:09:25.370 the pandemic. is a nonsense this government this current government 0:09:25.410 --> 0:09:28.690 the same treasurer the same prime minister during the pandemic 0:09:29.010 --> 0:09:32.859 they were complaining to the coalition that you weren't spending 0:09:32.910 --> 0:09:36.180 enough They were saying, you are not spending enough money. 0:09:36.240 --> 0:09:38.740 And then when the coalition stopped spending some of the money, 0:09:39.140 --> 0:09:42.280 this current government started saying, you should continue to spend 0:09:42.320 --> 0:09:46.020 the money. So I see it as the greatest lot 0:09:46.059 --> 0:09:47.990 of crap that I've ever seen. 0:09:47.870 --> 0:09:48.260 In my life. 0:09:48.330 --> 0:09:52.810 I can't believe they stand there in front of cameras, bald-faced, 0:09:52.929 --> 0:09:55.929 talking to us about things that are just untrue. 0:09:55.950 --> 0:10:02.500 That's not me. That's Martin. Bouros, a finance expert on 0:10:02.530 --> 0:10:06.620 Radio Today, Radio 2GB in Sydney. Now, Labor's economic record 0:10:06.720 --> 0:10:10.740 is criminal. Like his old boss, Wayne Swan, Chalmers is 0:10:10.820 --> 0:10:15.929 financially illiterate. He spends money that we just don't have. 0:10:16.480 --> 0:10:20.780 He's rapidly grown Australia's welfare bill and is chronically unable 0:10:20.840 --> 0:10:24.260 to claw back government spending because he uses your money 0:10:24.280 --> 0:10:29.000 to buy votes and Labor thinks it's electorally untouchable while 0:10:29.040 --> 0:10:31.480 the vote on the right is split between one nation 0:10:31.880 --> 0:10:35.990 and the coalition. And yet, I just don't think that's 0:10:36.130 --> 0:10:41.380 right anymore. I don't think that Labor is untouchable. Because 0:10:41.600 --> 0:10:45.580 immigration and the economy, it's what's going to help sink 0:10:45.720 --> 0:10:52.800 this government, provided Australians understand what's really going on. And 0:10:52.820 --> 0:10:56.460 this is why, this is precisely why, Albanese needs to 0:10:56.480 --> 0:10:59.840 get his digital censorship bill through the parliament so that 0:10:59.880 --> 0:11:03.059 before the next election he can stop voters from finding 0:11:03.240 --> 0:11:08.250 out and understanding the basic budget truth. This is why 0:11:08.309 --> 0:11:13.330 the bill, Labor's so-called digital duty of care, matters as 0:11:13.470 --> 0:11:19.670 much as it does. All right, let's go to Canberra 0:11:19.690 --> 0:11:23.070 now for the headlines with our political reporter, Cam Redden. 0:11:23.970 --> 0:11:24.410 Good evening. 0:11:24.870 --> 0:11:27.580 As expected, the Reserve Bank has lifted the cash rate 0:11:27.620 --> 0:11:31.280 to its highest level in 15 years, increasing by 25 0:11:31.280 --> 0:11:34.200 basis points to 4.6%. 0:11:34.250 --> 0:11:36.620 Now, I know this decision is difficult for households with 0:11:36.650 --> 0:11:40.720 a mortgage and businesses with loans, but high inflation hurts 0:11:40.860 --> 0:11:44.540 all Australians, especially the most vulnerable. The board will raise 0:11:44.880 --> 0:11:47.420 increased interest rates again if that's what's needed to get 0:11:47.460 --> 0:11:48.339 inflation down. 0:11:48.880 --> 0:11:52.800 Somebody has to be spending less in order to bring 0:11:52.840 --> 0:11:54.059 inflation under control. 0:11:54.520 --> 0:11:57.110 Australians are looking at their household budget and they do 0:11:57.150 --> 0:11:58.810 not know anymore where to squeeze. 0:11:59.230 --> 0:12:01.670 It's why we've made sure that public demand in our 0:12:01.730 --> 0:12:05.110 economy has slowed. rather than gathered pace. 0:12:05.630 --> 0:12:08.510 The best thing Jim Chalmers could do today is implement 0:12:08.650 --> 0:12:12.709 One Nation's super pay boost. Then he should resign. 0:12:13.230 --> 0:12:17.730 Artificial intelligence giant OpenAI has apologised for last week's incident 0:12:17.790 --> 0:12:21.179 where its agents went rogue and hacked into an off-limits 0:12:21.240 --> 0:12:25.780 Medicare portal. In this 1,500-word blog post, the company says 0:12:25.840 --> 0:12:29.880 it tasked an experimental internal-only model that was not intended 0:12:29.920 --> 0:12:34.050 for public release with researching government spending on skin condition 0:12:34.090 --> 0:12:37.730 medicines in Victorian communities. But they concede they did so 0:12:37.830 --> 0:12:40.490 without the full set of safeguards that are used in 0:12:40.630 --> 0:12:44.080 publicly available products. So without those safety measures, there was 0:12:44.240 --> 0:12:47.059 nothing to stop the unreleased model from breaking into an 0:12:47.120 --> 0:12:50.480 off-limits Medicare portal. As far as the Prime Minister is concerned, 0:12:50.820 --> 0:12:51.940 it's apology accepted. 0:12:52.360 --> 0:12:58.180 OpenAI have been very constructive and open in engaging in 0:12:58.220 --> 0:13:01.100 that process and I welcome that, but there are risks. 0:13:01.960 --> 0:13:03.000 Cameron Redden, News24, Canberra. 0:13:06.090 --> 0:13:08.450 Well, it's ladies' night tonight, Tuesday night. Let's bring in 0:13:08.470 --> 0:13:12.929 my panel broadcaster, Lucy Zellick, News24 host Jamie Rogers, all 0:13:12.970 --> 0:13:15.790 without a quota, I might add. This is talent at 0:13:15.830 --> 0:13:17.849 the top of the show, girls. Let's start with the 0:13:17.890 --> 0:13:22.380 rate rise today, 4.6%, 15-year high. We'd have to go 0:13:22.440 --> 0:13:25.420 back to another woman, Julia Gillard, when she was PM 0:13:25.440 --> 0:13:28.460 to see these sorts of numbers. We're worse than most 0:13:28.900 --> 0:13:33.210 advanced economies around the world, but Dr Chalmers says it's 0:13:33.250 --> 0:13:34.370 all the fault of Iran. 0:13:35.410 --> 0:13:38.750 The Reserve Bank statement makes it really clear that we 0:13:38.790 --> 0:13:41.280 have an inflation challenge in our economy which is made 0:13:41.340 --> 0:13:45.199 worse by the war in the Middle East. The statement 0:13:45.260 --> 0:13:48.740 makes it abundantly clear that one of the main drivers 0:13:48.760 --> 0:13:51.900 of inflation in our economy is a conflict on the 0:13:51.940 --> 0:13:54.780 other side of the world pushing up global oil prices 0:13:54.850 --> 0:13:58.550 and being felt right around our economy and indeed right 0:13:58.570 --> 0:13:59.210 around the world. 0:14:00.920 --> 0:14:03.330 Sure, and it was Ukraine before that and COVID and 0:14:03.370 --> 0:14:07.570 Scott Morrison. But the reality is, Jamie, that government spending 0:14:07.770 --> 0:14:12.230 is at a 40-year high and he's part of the government. 0:14:13.429 --> 0:14:14.900 And here's the problem, Peter. 0:14:15.280 --> 0:14:17.320 The issue is the fact that there is just no 0:14:17.440 --> 0:14:20.580 accountability or any form of responsibility for what is happening 0:14:20.680 --> 0:14:23.830 within our economy. As you mentioned in your editorial, we're 0:14:23.870 --> 0:14:26.470 now at a 15-year high when it comes to the 0:14:26.510 --> 0:14:29.610 cash rate, but this is also the 16th cash rate 0:14:29.690 --> 0:14:33.150 increase under the Albanese government and the fourth since February. 0:14:33.610 --> 0:14:34.750 So if anyone has. 0:14:34.610 --> 0:14:38.820 A $ 1 million mortgage, your monthly payments now off the 0:14:38.860 --> 0:14:42.960 back of these four consecutive rises is around that $ 606 0:14:42.840 --> 0:14:46.340 extra a month, which is an enormous increase for families 0:14:46.760 --> 0:14:49.460 who are already doing what they've been told to do. 0:14:49.660 --> 0:14:52.870 Families are the ones that are cutting back tightening their belts, 0:14:52.910 --> 0:14:55.470 they're being taxed heavier. And then they look at this 0:14:55.550 --> 0:14:58.850 government that are just so flippantly spending billions of their 0:14:58.910 --> 0:15:01.230 dollars and with not a care. 0:15:01.030 --> 0:15:01.610 In the world. 0:15:01.690 --> 0:15:04.530 And I was watching Jim Chalmers today and I thought 0:15:04.610 --> 0:15:07.410 it's either that he doesn't understand the seriousness of the 0:15:07.470 --> 0:15:10.370 economy because, look, he's got a PhD in Paul Keating, 0:15:10.950 --> 0:15:13.430 or it's that they just don't care. And I think 0:15:13.480 --> 0:15:15.910 it's a huge slap in the face for Australians. I 0:15:15.960 --> 0:15:17.480 just genuinely think they don't care. 0:15:19.310 --> 0:15:23.050 I think the problem, Lucy, is the bloke's on, what, $ 450, 000. 0:15:22.290 --> 0:15:27.580 He's been on salaries upwards of $ 300, 000 basically all his 0:15:27.750 --> 0:15:30.740 adult life, either as a staffer, Chief of Staff to 0:15:30.750 --> 0:15:35.260 Wayne Swan, and now obviously as a parliamentarian, frontbencher now. 0:15:35.280 --> 0:15:40.160 And he's not doing the monthly grind that everybody else 0:15:40.180 --> 0:15:42.760 around the country is where they sit down and look 0:15:42.780 --> 0:15:44.900 at all the bills coming in and wonder how on 0:15:45.080 --> 0:15:47.940 earth they're They get the new school shoes or the 0:15:48.040 --> 0:15:52.590 footy lessons for their child. They're not cutting back. He 0:15:52.630 --> 0:15:55.030 doesn't pay for his car. He doesn't fill up his tank. 0:15:55.390 --> 0:15:57.370 He doesn't pay for a flight to go anywhere in 0:15:57.410 --> 0:16:01.050 the country. I mean, they live in a completely different world. 0:16:01.510 --> 0:16:04.570 But when things are tough, you know, budgeting as every 0:16:04.630 --> 0:16:07.010 Australian is doing now, and let's not forget our pensioners 0:16:07.050 --> 0:16:11.440 too or self-funded retirees, they know absolutely down to every 0:16:11.480 --> 0:16:14.540 last dollar that they are being ripped off by Labor. 0:16:15.430 --> 0:16:17.510 They certainly do, Peter. Great to be with you tonight. 0:16:17.870 --> 0:16:20.720 I would almost like to challenge what Jamie said there. 0:16:20.820 --> 0:16:22.840 I don't even know that it's that they don't care. 0:16:22.960 --> 0:16:25.620 I just think it's what you aptly pointed out earlier. 0:16:25.720 --> 0:16:28.780 It's that they're financially illiterate. I don't know that they 0:16:28.860 --> 0:16:31.060 know how to run an economy, and it's quite clear 0:16:31.100 --> 0:16:34.700 based on what we're seeing. When Labor first came into power, 0:16:34.720 --> 0:16:37.610 they consistently bleated about the fact that the interest rate 0:16:37.630 --> 0:16:38.750 was what they inherited. 0:16:39.150 --> 0:16:41.090 What have they got to say after all this time? 0:16:41.150 --> 0:16:43.710 They continue to point to their predecessors when we know 0:16:43.730 --> 0:16:47.000 that government spending is the highest it's been since World 0:16:47.020 --> 0:16:50.680 War Two, excluding the COVID era peak in that period 0:16:50.700 --> 0:16:53.160 in time. And it just continues to get more and 0:16:53.210 --> 0:16:56.170 more insulting when you have a treasurer Pointing to the 0:16:56.330 --> 0:16:59.290 Iran conflict, he mentioned it at least 10 times in 0:16:59.350 --> 0:17:03.110 his 20-minute press conference. But then you have the Reserve 0:17:03.150 --> 0:17:06.690 Bank governor in Michelle Bullock pointing to domestic capacity pressures 0:17:06.730 --> 0:17:09.380 in her press conference and highlighting the fact that there 0:17:09.400 --> 0:17:13.199 were interest rate rises prior to the conflict starting. This 0:17:13.260 --> 0:17:16.280 is a woefully incompetent government who are, yes, out of touch. 0:17:16.700 --> 0:17:19.320 And if you could only recall in the election campaign, 0:17:19.380 --> 0:17:22.240 both neither he or Peter Dutton, with all due respect, 0:17:22.300 --> 0:17:24.510 knew what the price of eggs or milk were. So 0:17:24.950 --> 0:17:27.590 our politicians need to be in touch with the boots 0:17:27.670 --> 0:17:28.609 on the ground people. 0:17:28.630 --> 0:17:30.090 They need to understand what's going on. 0:17:30.490 --> 0:17:32.850 And as it stands now, off the back of this announcement, 0:17:33.030 --> 0:17:35.510 millions of Australians are going to have to find additional 0:17:35.570 --> 0:17:39.440 funds where they are already, as Treasurer, the Shadow Treasurer 0:17:39.480 --> 0:17:42.320 Tim Wilson pointed out, they're already feeling the squeeze. 0:17:44.130 --> 0:17:46.379 I think they're already starting to worry about what AI 0:17:46.400 --> 0:17:49.000 is going to do to their job prospects. They already 0:17:49.020 --> 0:17:51.230 can feel that move through the economy and this just 0:17:51.290 --> 0:17:54.950 brings I guess, worry into every family as things get 0:17:55.010 --> 0:17:57.470 worse and predictions of another two rate rises to come. 0:17:57.970 --> 0:17:59.430 I'm going to go back to this issue with Warren 0:17:59.450 --> 0:18:00.990 Hogan in a moment, but let's go to something I 0:18:01.010 --> 0:18:03.830 know you've been campaigning hard on, Jamie. This is about 0:18:03.869 --> 0:18:08.560 the sale of the Paddington Barracks, Victoria Barracks in Sydney, 0:18:08.580 --> 0:18:12.460 of course, the Victoria Barracks also in Melbourne. Richard Miles 0:18:12.520 --> 0:18:16.440 is facing calls now to resign over insulting and absurd 0:18:16.520 --> 0:18:20.220 comments he made directed at former army leaders. 0:18:20.240 --> 0:18:20.700 Have a listen. 0:18:21.600 --> 0:18:23.700 It is not my priority for Defence to be a 0:18:23.720 --> 0:18:27.270 heritage organisation. It's not my priority to see Defence manage 0:18:27.310 --> 0:18:29.830 the oldest wine cellar in Australia. To put this in 0:18:29.869 --> 0:18:33.310 the hands of the diggers is actually quite wrong. You know, 0:18:33.330 --> 0:18:36.540 there are a few former generals who liked hanging out there, 0:18:37.240 --> 0:18:38.240 who are lamenting this. 0:18:40.260 --> 0:18:42.980 Now, that's really rich from a bloke who is the 0:18:43.020 --> 0:18:47.199 Defence Minister who puts his golf clubs on the raft 0:18:47.240 --> 0:18:50.240 jet any time he goes anywhere because he wants to 0:18:50.380 --> 0:18:52.629 sneak in a game of golf at the end of 0:18:52.670 --> 0:18:56.510 a slow day on the taxpayer. I am with the 0:18:56.550 --> 0:18:59.709 Defence community on this one. I think it really stinks, Jamie. 0:19:00.290 --> 0:19:01.530 It absolutely does, Peter. 0:19:01.750 --> 0:19:04.490 I was watching that interview with Andrew Clennell on Sunday 0:19:04.550 --> 0:19:07.350 morning and my jaw hit the floor at some of 0:19:07.369 --> 0:19:10.950 the things he was saying. Richard Miles, when he's now 0:19:11.010 --> 0:19:14.710 going down and belittling our Defence Force and veterans just 0:19:14.750 --> 0:19:16.989 because they don't agree with him with the sale of 0:19:17.050 --> 0:19:20.550 Victoria Barracks, instead of having a proper discussion and talking 0:19:20.590 --> 0:19:22.889 through the reasons why he wants to go and sell it, 0:19:23.280 --> 0:19:25.879 he just throws out insults and is calling names. 0:19:26.359 --> 0:19:27.260 And I think it also. 0:19:27.100 --> 0:19:30.780 Just shows how ignorant he is to, one, the heritage 0:19:30.840 --> 0:19:33.220 and the importance of this site and, but also the 0:19:33.460 --> 0:19:36.939 strategic value of it. I had David Elliott on my 0:19:36.980 --> 0:19:39.810 program on Sunday night who was posted at Victoria Barracks 0:19:39.830 --> 0:19:42.830 for three years, and he made the point that there's 0:19:43.130 --> 0:19:46.449 military that is currently used with equipment at Victoria Barracks 0:19:46.470 --> 0:19:50.189 that you can't just move to the CBD plaza that 0:19:50.210 --> 0:19:52.490 the Defence Minister thinks is so easy just to pack 0:19:52.530 --> 0:19:56.100 up Victoria Barracks and move everything into Defence Square in 0:19:56.170 --> 0:19:59.720 Pitt Street, that this is still an active site. And 0:19:59.740 --> 0:20:02.780 this Defence Minister has just got no idea when it 0:20:02.840 --> 0:20:05.679 comes to it. But it's just a constant story, isn't it, Peter, 0:20:06.119 --> 0:20:10.180 with this Labor government and their just flippant attitude towards... 0:20:10.340 --> 0:20:13.240 men and women who served and fought for our country. 0:20:13.700 --> 0:20:16.240 Matt Keogh should also be standing down and so should 0:20:16.280 --> 0:20:18.919 Richard Miles. And I think Anthony Albanese needs to stand 0:20:19.040 --> 0:20:21.239 up and be a leader because he's the one that 0:20:21.270 --> 0:20:23.689 can stop the sale and he can also show the 0:20:23.730 --> 0:20:26.550 Defence Force, I back you and as a result, I'm 0:20:26.570 --> 0:20:29.370 going to stand aside these two ministers who are not 0:20:29.410 --> 0:20:33.030 capable of standing up for you and replace them for 0:20:33.070 --> 0:20:33.810 someone who will. 0:20:35.910 --> 0:20:37.189 Now, I'm going to move to the US. I want 0:20:37.210 --> 0:20:39.050 to get your take on this one, Lucy. This is 0:20:39.070 --> 0:20:43.130 the case, of course, that captured attention around the world. 0:20:43.580 --> 0:20:47.500 We finally heard today from the lone holdout juror in 0:20:47.520 --> 0:20:51.859 the Lindsay Clancy trial, asking people to focus on the 0:20:51.960 --> 0:20:55.600 three little children who were at the centre of the case. 0:20:55.640 --> 0:20:56.240 Have a listen. 0:20:57.140 --> 0:21:00.919 Hi, my name is Michael Peggy Desronville, also known as 0:21:00.960 --> 0:21:04.930 the lone juror. I know the whole focus has been 0:21:04.990 --> 0:21:08.659 on me, But we want to reel everything back and 0:21:08.700 --> 0:21:11.300 put the focus on the three angels that's at hand. 0:21:12.359 --> 0:21:15.550 The ones that can't speak for themselves, the ones that 0:21:15.590 --> 0:21:18.629 can't defend themselves, and the ones that can't fight the battles. 0:21:19.950 --> 0:21:22.850 And those are Cora, Dawson, and Callan. 0:21:24.830 --> 0:21:28.909 Lucy, I can't... stop thinking about the scenes outside that courtroom, 0:21:29.190 --> 0:21:33.170 the women, predominantly women, rallying in support of the mother 0:21:33.230 --> 0:21:36.920 who freely admits she murdered her children. And I kept 0:21:36.960 --> 0:21:39.820 thinking to myself, if it had been a man that 0:21:40.420 --> 0:21:43.460 had murdered his children, would there have been a different 0:21:43.700 --> 0:21:46.340 sort of sentiment in the community? What did you make 0:21:46.359 --> 0:21:47.340 of those comments today? 0:21:48.119 --> 0:21:50.119 Oh, God bless this lone juror, Peter. 0:21:50.900 --> 0:21:53.580 I know yourself and Jamie, we've covered a lot over 0:21:53.600 --> 0:21:56.239 the years in terms of stories, but nothing has affected 0:21:56.310 --> 0:22:00.409 me more than this particular one. Notwithstanding the brutality of 0:22:00.470 --> 0:22:05.010 this incomprehensible act, the brutal slaying. 0:22:04.630 --> 0:22:06.470 Of these three precious children. 0:22:06.990 --> 0:22:10.450 But the fact that so many people got behind this woman, 0:22:10.470 --> 0:22:14.060 I mean, have we completely lost our damn minds? 0:22:14.240 --> 0:22:17.260 We have ended up in moral bankruptcy. We are in 0:22:17.300 --> 0:22:17.960 the sewer. 0:22:18.480 --> 0:22:21.359 If your immediate reaction to a story like this is 0:22:21.400 --> 0:22:25.550 to side with the mother, the woman, regardless of gender 0:22:25.590 --> 0:22:29.649 that has committed these atrocities, and to now start targeting 0:22:29.690 --> 0:22:33.310 the lone juror who chose to stand by these three children, 0:22:33.990 --> 0:22:37.710 These children who haven't a voice, who were innocent and 0:22:37.850 --> 0:22:41.850 pure and precious and so brutally murdered by their mother, 0:22:41.869 --> 0:22:43.290 that woman deserves. 0:22:42.910 --> 0:22:44.780 To not just rot in jail for the rest of 0:22:44.859 --> 0:22:46.379 her life, but burn in hell. 0:22:46.820 --> 0:22:49.520 And anyone that has defended her, that has a kind 0:22:49.580 --> 0:22:53.240 word to say or is thinking about extending grace to her, 0:22:53.640 --> 0:22:54.260 shame on you. 0:22:54.340 --> 0:22:55.699 God bless that lone juror. 0:22:57.680 --> 0:22:59.860 Beautifully said. I'll leave it there. Thank you to you both. 0:23:00.640 --> 0:23:02.669