WEBVTT - Paul Murray Live | 7 April 0:00:00.120 --> 0:00:05.080 From the Sky News Center. This is Paul Murray Live. 0:00:06.400 --> 0:00:08.520 Thank you, Sharry. Want to show after a big event 0:00:08.600 --> 0:00:12.479 this time tomorrow night here on Sky News now right here, 0:00:12.520 --> 0:00:15.280 this Monday night. My gift to you. Forget the poss 0:00:15.280 --> 0:00:17.560 forget the bookies, no looks, no lefties. That's what will 0:00:17.560 --> 0:00:21.200 give you tonight. Hello, James, have a wonderful Macannivan hello 0:00:21.239 --> 0:00:23.480 to you too. All right, the wonderful just sns in there. 0:00:23.520 --> 0:00:27.040 But jimper Price, she is an absolute ace up the 0:00:27.160 --> 0:00:30.960 sleeve of Peter Dunton. He should be deploying her loudly 0:00:31.080 --> 0:00:34.360 and across the country. And it starts tonight when we 0:00:34.400 --> 0:00:36.640 have a chat a little later on Paul Murray Life. 0:00:37.440 --> 0:00:41.040 Let's not forget all the promises that he has made 0:00:41.159 --> 0:00:43.880 and completely and utterly abandoned. As far as I know, 0:00:44.720 --> 0:00:47.280 I can't trust a word that this Prime Minister says. 0:00:48.800 --> 0:00:52.519 Don't forget Tomorrow night, seven thirty Australian Eastern time. Thankfully 0:00:52.600 --> 0:00:54.400 daylight saving has gone, so no matter where you are 0:00:54.440 --> 0:00:57.319 on the East Coast, all the same time, seven point 0:00:57.320 --> 0:01:00.560 thirty Tomorrow night. Anthony Abernezi, the Prime Minister, thinking that 0:01:00.640 --> 0:01:03.520 he's sailing into a second term Peter Dutton with it 0:01:03.560 --> 0:01:07.000 all on the line. Will this change the story? You'll 0:01:07.040 --> 0:01:09.200 all find out because it's not the media in control, 0:01:09.520 --> 0:01:12.840 it's one hundred undecided voters. And I can't wait to 0:01:12.840 --> 0:01:15.160 see all of that play out tomorrow night. The full 0:01:15.200 --> 0:01:18.759 postgame analysis Chris Kenny, Laura Jays, myself and plenty of others. 0:01:18.920 --> 0:01:22.600 Then Jim Chalmers versus Angus Taylor in prime time of course, 0:01:22.600 --> 0:01:24.400 when the world economy is where it is, the two 0:01:24.440 --> 0:01:27.760 blokes who would have responsibility for the Australian portion of it. 0:01:27.959 --> 0:01:30.880 And then Blackout Bowen versus Ted O'Brien about the future 0:01:30.920 --> 0:01:33.880 of our energy market. That is just the start. And 0:01:33.959 --> 0:01:36.520 let me throw a fourth thing on top of this, 0:01:36.800 --> 0:01:39.120 and it's the start of next week. I love a 0:01:39.160 --> 0:01:41.600 pub test, and this time next week we will be 0:01:41.680 --> 0:01:44.440 doing a pub test in one of my favorite places 0:01:44.440 --> 0:01:48.880 in Australia, Tweedheads, and it is the Mavericks. Already locked in. 0:01:49.000 --> 0:01:51.400 Is paul Ene Hanson, already locked in? Is tonight's guest 0:01:51.640 --> 0:01:54.160 Senator Matt Canavan. There will be more that we will 0:01:54.160 --> 0:01:56.680 be adding to the list. But here's the deal. If 0:01:56.720 --> 0:01:59.000 you have a question and you would like to be 0:01:59.480 --> 0:02:03.760 at this part test next Monday. Tweetheads about the lockin 0:02:03.800 --> 0:02:07.240 Avenue in the next probably hour or so, so we'll 0:02:07.240 --> 0:02:09.720 get back to you about all of that. But tweeedtheads 0:02:10.120 --> 0:02:12.640 next week. Pubtest at sky news dot com dot are 0:02:12.639 --> 0:02:14.760 you first hundred people into the room of the people 0:02:14.760 --> 0:02:16.160 who get the seats. If I can get more than 0:02:16.160 --> 0:02:18.440 one hundred seats, we'll have more than one hundred opportunities. 0:02:18.600 --> 0:02:20.720 But what's your question? What do you want to ask 0:02:20.720 --> 0:02:22.760 Pauline Hanson? What do you want to ask Matt Kenneman? 0:02:22.800 --> 0:02:24.680 What do you want to ask people who want to 0:02:24.760 --> 0:02:27.480 shake the joint up a little bit? No question is 0:02:27.480 --> 0:02:29.600 off limits. Whatever you want to ask, Let's send the 0:02:29.600 --> 0:02:31.760 email right now. Pup test at sky news dot com 0:02:31.800 --> 0:02:39.320 dot are you get yourself to tweettheads next Monday. Cannot wait, Leaders, treasurers, 0:02:40.240 --> 0:02:44.040 the energy market and the mavericks. It all happens here 0:02:44.360 --> 0:02:46.880 every day, from the start of the day with Pete 0:02:46.880 --> 0:02:49.280 to the end of the night with reader and all 0:02:49.320 --> 0:02:52.480 in between. We are all across this election and it 0:02:52.520 --> 0:02:54.760 gets even more serious from here because there are just 0:02:55.240 --> 0:02:58.919 twenty six days to go in this federal election. There 0:02:58.960 --> 0:03:03.959 are just two weeks until the first votes are cast now. 0:03:04.280 --> 0:03:07.440 The electoral role closed an hour ago, meaning if you 0:03:07.480 --> 0:03:09.960 are not enrolled to vote, you will not be able 0:03:10.000 --> 0:03:12.880 to vote. If you are somebody who has not updated 0:03:12.960 --> 0:03:15.600 where you live and your details again, you will not 0:03:15.680 --> 0:03:18.480 be able to vote where you live now, so double 0:03:18.520 --> 0:03:20.880 check all of that stuff, but it is all locked. 0:03:21.040 --> 0:03:22.960 In the next couple of days, I'll get the chance 0:03:23.000 --> 0:03:24.760 to actually have a look at the electoral role. It 0:03:24.800 --> 0:03:28.160 will literally tell me how many people perceive, how many 0:03:28.160 --> 0:03:30.440 are eighteen to twenty four, how many a fifty plus, 0:03:30.560 --> 0:03:32.680 how many a male, how many a female, all of 0:03:32.720 --> 0:03:34.960 this data and it helps us start to work out 0:03:35.120 --> 0:03:38.040 perhaps where things go once you start to marry them. 0:03:38.160 --> 0:03:43.720 On top of the electoral role. But today, under the 0:03:43.760 --> 0:03:47.600 cover of a backflip, under the distraction of newspot, finally 0:03:47.760 --> 0:03:51.760 the most unpopular premiere in the country appeared with a 0:03:51.760 --> 0:03:54.640 prime minister who until recently had what sixty percent of 0:03:54.640 --> 0:03:57.480 people now it's still above fifty sixty percent of people 0:03:57.480 --> 0:04:00.240 saying he was doing a poor or very poor job. 0:04:00.920 --> 0:04:09.960 And it was just as awkward as you think, Natalie. 0:04:09.680 --> 0:04:20.040 And Minister Natalie, I was just going to ask you 0:04:19.800 --> 0:04:21.320 if the Prime. 0:04:21.160 --> 0:04:23.480 Minister goes back to it in the state of Victoria 0:04:23.560 --> 0:04:24.320 on election night? 0:04:25.040 --> 0:04:26.200 Do you feel responsible? 0:04:26.200 --> 0:04:27.600 Will you feel guilty about. 0:04:27.480 --> 0:04:29.120 Fenial drag on the labor vote? 0:04:29.680 --> 0:04:32.520 Jesus looks good kill What about that last little glare 0:04:32.520 --> 0:04:35.520 that he's throwing. Of course, remember the primary vote for 0:04:35.520 --> 0:04:37.760 the Labor Party is lower with women than it is 0:04:37.800 --> 0:04:39.320 for the Liberal Party. But of course it's a liberal 0:04:39.360 --> 0:04:43.039 party that has its problem with women. Peter Dutton today, well, 0:04:43.120 --> 0:04:46.479 he did the backflip. He changed on rules when it 0:04:46.480 --> 0:04:48.960 comes to public servants and it was only ever public 0:04:49.040 --> 0:04:52.000 servants and they're right to work from home. Sadly that'll continue. 0:04:52.160 --> 0:04:54.480 As for the reduction of the public service, it won't 0:04:54.480 --> 0:04:57.760 be anyone who is currently employed. Instead it'll be they 0:04:57.800 --> 0:05:00.640 won't be replaced over the next five years. That doesn't 0:05:00.640 --> 0:05:02.400 apply to anyone who is on the front line. But 0:05:02.520 --> 0:05:05.080 big changes today for Peter Dutton. 0:05:06.520 --> 0:05:09.159 I think we've made a mistake in relation to this policy, 0:05:09.200 --> 0:05:11.280 and I think it's important that we say that and 0:05:11.400 --> 0:05:14.880 recognize it. And our intention always was to make sure 0:05:14.920 --> 0:05:17.040 that we're tax payers are working hard and their money 0:05:17.480 --> 0:05:19.840 is being spent to pay wages. It's been spent efficiently. 0:05:20.839 --> 0:05:22.360 I think it's a good thing. Much more to say 0:05:22.360 --> 0:05:23.760 about it in a moment or two's time, and then 0:05:23.800 --> 0:05:26.080 we'll discuss it. No silks, no lefties tonight, we're blokes 0:05:26.080 --> 0:05:28.600 who will not miss We will discuss that and a 0:05:28.600 --> 0:05:31.480 whole lot more. As for how the media spun things today, 0:05:31.640 --> 0:05:33.920 you may have noticed that I'm introducing this episode slightly 0:05:33.920 --> 0:05:37.400 differently because, believe it or not, today the media was 0:05:38.160 --> 0:05:42.159 reasonably tough or certainly they've gone from cuddles to now 0:05:42.320 --> 0:05:46.160 just fist bump with the Prime Minister. This couple of 0:05:46.200 --> 0:05:49.120 weeks is going to be important because clearly the people 0:05:49.160 --> 0:05:51.360 who love to cover politics they want to tighter race. 0:05:51.720 --> 0:05:54.320 So maybe that's why the questions were slightly different, but 0:05:54.360 --> 0:05:59.359 they were surprisingly kind of hard today for the PM. 0:06:00.000 --> 0:06:03.440 If you misrepresented the coalition's policy, sorry is not a 0:06:03.480 --> 0:06:06.599 word heard much from politicians, Prome Minister. Is there anything 0:06:06.600 --> 0:06:08.719 you'd like to apologize for, such as not delivering the 0:06:08.800 --> 0:06:10.800 one U and seventy five dollars reduction in power bill? 0:06:10.880 --> 0:06:12.760 What percentage of your own stuff do you allow to 0:06:12.760 --> 0:06:13.320 work from home? 0:06:13.720 --> 0:06:15.960 Does this widen the gap on how much people pay? 0:06:16.040 --> 0:06:19.560 By ensuring ensuring only the people that can afford these 0:06:19.640 --> 0:06:22.000 games have the ability to get their power bills down, 0:06:22.600 --> 0:06:24.919 but relax, he did get a few softies. 0:06:26.360 --> 0:06:30.120 So we've seen stock markets crash around the world. There's 0:06:30.160 --> 0:06:31.680 skiers of a global recession. 0:06:32.040 --> 0:06:34.720 If you remain prime minister after the election, how would 0:06:34.720 --> 0:06:35.360 you navigate that? 0:06:36.720 --> 0:06:40.720 But the Prime Minister uncomfortable with those glaring questions about 0:06:40.760 --> 0:06:43.760 being reminded how unpopular the Labor Party is in Victoria. 0:06:44.240 --> 0:06:46.400 There are huge problems from them there that could be 0:06:46.440 --> 0:06:49.720 the difference between the majority or the minority, and minority 0:06:49.760 --> 0:06:53.520 comes with it a whole collection of potential disasters if 0:06:53.520 --> 0:06:56.240 it happens. It happens largely because of at least four 0:06:56.279 --> 0:06:59.279 seats that are expected from the bookies to the pundits 0:06:59.360 --> 0:07:02.720 to the pole that will drop in Victoria. Depending on 0:07:02.760 --> 0:07:05.159 the mistakes that Allen makes between now and the election, 0:07:05.520 --> 0:07:07.800 that could get worse. Of course, if they're able to 0:07:07.839 --> 0:07:12.120 somehow throw away the key, well they might do a 0:07:12.160 --> 0:07:13.960 little better in the next couple of days. But there 0:07:14.000 --> 0:07:16.320 are big problems for the Labour Party in Victoria. Because 0:07:16.360 --> 0:07:20.000 Samaris used to work for the Labor Party. He's telling 0:07:20.080 --> 0:07:23.000 us and anyone who'll listen, you can see things nationally. 0:07:23.040 --> 0:07:24.800 But everything is of course one hundred and fifty one 0:07:24.800 --> 0:07:27.880 separate races, and there are state races within state races, 0:07:27.880 --> 0:07:30.760 so the power of the LNP. They're high vote in Queensland, 0:07:30.760 --> 0:07:33.320 the Labor Parties low vote right now, when it comes 0:07:33.320 --> 0:07:36.120 to Victoria, lots of seats in those more populous areas, 0:07:36.400 --> 0:07:39.040 so no offense to the less populated areas. But even 0:07:39.080 --> 0:07:41.120 if it's just one or two that change, that's not 0:07:41.160 --> 0:07:43.360 going to be enough really to change the color of 0:07:43.400 --> 0:07:45.240 the country. But it may well be the case when 0:07:45.280 --> 0:07:48.680 it comes to Victoria. As for Peter Dutton, relax, he 0:07:48.840 --> 0:07:51.200 still copped a tough time today. Of course he was 0:07:51.240 --> 0:07:54.080 always going to performing the backflip that he did when 0:07:54.160 --> 0:07:56.600 he did. But here are some of the questions, including 0:07:56.880 --> 0:07:59.520 one that he's answered I think a thousand times, but 0:08:00.040 --> 0:08:03.280 ask it anyway conveniently. 0:08:03.320 --> 0:08:04.400 You're in the city of churches. 0:08:04.440 --> 0:08:06.800 Will you be asking for forgiveness from female voters? 0:08:06.880 --> 0:08:10.280 What's your message to South Australian voters, particularly in both 0:08:10.320 --> 0:08:14.720 being scared watching their retirement savings be wiped away today? 0:08:15.760 --> 0:08:18.000 Who are worried about you becoming Donald Trump? 0:08:19.240 --> 0:08:22.040 From this is more than that this is a BACKFLI 0:08:22.120 --> 0:08:24.000 I mean, this was one of your signature policies. 0:08:24.040 --> 0:08:26.040 If you're making this kind of a mistake. 0:08:26.000 --> 0:08:28.160 During an election campaign, how can you be trusted as 0:08:28.200 --> 0:08:28.720 Prime minister? 0:08:29.840 --> 0:08:31.400 I deal with this in a moment or two's time. 0:08:31.480 --> 0:08:33.720 Remember the current prime minister promised everything you'd be better. 0:08:34.480 --> 0:08:36.560 Three years later, everything's worse when it comes to cost 0:08:36.600 --> 0:08:39.120 of living. But let's focus in on how could we 0:08:39.200 --> 0:08:41.240 dare trust you to be prime minister anyway? More of 0:08:41.280 --> 0:08:42.960 that in a moment or two's time. But I want 0:08:43.000 --> 0:08:46.480 to highlight this yet. Donald Trump is causing a fair 0:08:46.520 --> 0:08:48.680 amount of problems when it comes to stock markets around 0:08:48.720 --> 0:08:50.679 the world. Why because of the tariff policies that he's 0:08:50.679 --> 0:08:54.280 put on many countries, including Australia ten percent. Now remember 0:08:54.320 --> 0:08:56.800 this is ten percent on five percent of our exports. 0:08:56.800 --> 0:08:58.480 But some people will carry on like the skuy is 0:08:58.480 --> 0:09:00.560 about to fall in. It's not a good eye. I 0:09:00.640 --> 0:09:03.480 don't support it, but let's also not pretend that the 0:09:03.480 --> 0:09:06.040 world is about to end. That said, labor, of course, 0:09:06.080 --> 0:09:08.720 desperately want to run against Trump. They want to run 0:09:08.760 --> 0:09:11.120 it into this the second week, and they're trying as 0:09:11.160 --> 0:09:14.439 many times as possible to say it directly or euphemistically. 0:09:15.840 --> 0:09:18.560 President trum Trump, trum Trump rump. 0:09:18.160 --> 0:09:22.680 Trump or sometimes just with no subtly whatsoever. But let's 0:09:22.679 --> 0:09:24.800 talk about our old mate, grim Jim. Now remember the 0:09:24.840 --> 0:09:27.800 plan here, because if nasty nicky Sava is right over 0:09:27.800 --> 0:09:30.160 there in the Channel nine newspapers, Albou gets out of 0:09:30.160 --> 0:09:32.200 the way. If he gets re elected and Jim Chalmers 0:09:32.280 --> 0:09:35.640 slides in to become the next Prime Minister of Australia. 0:09:36.960 --> 0:09:39.440 Well today he was very po faced. This was a 0:09:39.480 --> 0:09:42.400 grim gym day, not a happy Jim day. Because you know, 0:09:42.720 --> 0:09:45.880 he's the steady pair of hands that has seen interest 0:09:45.920 --> 0:09:48.880 rates go up twelve times on his watch, the steady 0:09:48.920 --> 0:09:53.040 hand that has increased taxes, the steady hand that is 0:09:53.080 --> 0:09:55.600 now getting ready for at least a trillion dollars worth 0:09:55.640 --> 0:09:57.760 a debt and budget deficits for the next forty years. 0:09:57.760 --> 0:10:01.080 But now is the time when things are about to 0:10:01.080 --> 0:10:01.560 get rough. 0:10:02.880 --> 0:10:06.600 We still do expect Australian GDP to take a hit, 0:10:07.000 --> 0:10:10.000 and we expect there to be an impact on prices 0:10:10.040 --> 0:10:14.200 here as well. These escalating trade tensions are casting a 0:10:14.360 --> 0:10:16.800 dark shadow over the global economy. 0:10:18.600 --> 0:10:22.080 Now remember, for two of the past three years there 0:10:22.120 --> 0:10:25.000 has been a per capita recession where the citizens of 0:10:25.040 --> 0:10:27.679 the country have been going backwards. But the country was 0:10:27.720 --> 0:10:29.880 able to avoid a recession when growth got down to 0:10:30.120 --> 0:10:33.960 zero point one percent in a quarter. That was because of, 0:10:34.040 --> 0:10:37.640 among other things, pay rises or more public servants being hired, 0:10:37.640 --> 0:10:41.840 but definitely all to do with government spending. But now 0:10:41.880 --> 0:10:45.160 with the expectations of budget deficits, well, the conversation of 0:10:45.320 --> 0:10:48.600 recession is beginning. It is being discussed as we speak 0:10:48.600 --> 0:10:50.160 in the United States, and I have more to say 0:10:50.160 --> 0:10:53.760 about their markets in a moment. But Grimjim is standing 0:10:53.760 --> 0:10:56.559 there saying I got you through the tough times of 0:10:56.600 --> 0:10:58.120 the past three years, but I don't know if I 0:10:58.120 --> 0:10:59.959 can defend you against the tough times that are on 0:11:00.200 --> 0:11:03.040 our way. All of course, because of the Orange Man, 0:11:03.040 --> 0:11:05.720 who's bad because he put a ten percent tariff on 0:11:06.000 --> 0:11:07.000 five percent of our. 0:11:07.000 --> 0:11:14.280 Exports, markets are now expecting around four interest rate cuts. 0:11:14.920 --> 0:11:21.040 Sorry. So now the quasi election promise of the Treasurer 0:11:21.840 --> 0:11:26.079 is that because they can and as always economists, statisticians, 0:11:27.040 --> 0:11:30.439 long range weather forecasters, you'll always be able to find 0:11:30.520 --> 0:11:35.280 one that'll have your worldview. But he now says the 0:11:35.320 --> 0:11:39.360 majority of economists believe that because of the global recession. 0:11:39.760 --> 0:11:42.360 In order to get things running in Australia this year. 0:11:42.679 --> 0:11:45.800 This year there could be up to four interest rate cuts. 0:11:46.440 --> 0:11:49.480 Watch this on the campaign trial because obviously five dollars 0:11:49.480 --> 0:11:54.440 in fifteen months is garbage. People are still feeling tremendous 0:11:54.440 --> 0:11:58.120 pain from twelve interstrate rises and one ever so slight 0:11:58.160 --> 0:12:02.280 reduction tens of thousands of dollars families have had to find. 0:12:02.440 --> 0:12:04.240 So if this bloke's going to go out and say, well, 0:12:04.559 --> 0:12:08.000 you know, show working, we're going to see interest rates 0:12:08.000 --> 0:12:10.000 come down four times, now, why is he able to 0:12:10.040 --> 0:12:13.480 say that? Of course, the Reserve Bank is entirely independent, 0:12:13.880 --> 0:12:15.959 apart from the fact that the way it makes decisions 0:12:16.000 --> 0:12:18.960 now is off a panel that is handpicked by the 0:12:19.120 --> 0:12:22.960 Treasurer to help make the decisions rather than just the 0:12:23.000 --> 0:12:25.640 current board and with the greater importance on the role 0:12:25.720 --> 0:12:30.240 of the Reserve Bank chief. So watch this the next 0:12:30.240 --> 0:12:37.080 time you hear four interst rate reductions. Firstly, giant maybe. Secondly, 0:12:37.280 --> 0:12:39.199 this is from the bloke who told you that your 0:12:39.200 --> 0:12:41.200 power bill would go down by two hundred and seventy 0:12:41.240 --> 0:12:43.520 five dollars, but of course that didn't count because the 0:12:43.640 --> 0:12:47.040 modeling wasn't correct. So what happens if interest rates don't 0:12:47.080 --> 0:12:50.000 go down? By four times this year. Oh well, sorry, 0:12:50.000 --> 0:12:51.959 the modeling didn't work. But of course it doesn't matter. 0:12:52.600 --> 0:12:54.520 All of it like it was back then, is to 0:12:54.559 --> 0:13:00.320 survive the four five week campaigns, or in Malcolm Turmple case, 0:13:00.360 --> 0:13:03.440 the eight week campaign. What an electoral genius he was. 0:13:04.960 --> 0:13:07.840 So don't be swayed. But watch for this that the 0:13:07.840 --> 0:13:10.960 Australian economy is going to be ruined because of Donald Trump. 0:13:11.400 --> 0:13:15.000 The Australian economy will simultaneously be so bad that the 0:13:15.040 --> 0:13:17.040 good news is that there might be a drop in 0:13:17.040 --> 0:13:19.719 interest rates four times. Now, as a person trying to 0:13:19.720 --> 0:13:22.200 pay off a house, great, drop it eight times. Let's 0:13:22.280 --> 0:13:24.120 drop the full twelve and go back to where we 0:13:24.120 --> 0:13:27.679 were under the previous government. Amazing. Now, I'm not going 0:13:27.720 --> 0:13:30.040 to be trying to artificially keep these things up for 0:13:30.080 --> 0:13:34.079 any other reason other than with what the Reserve Bank 0:13:34.120 --> 0:13:37.319 may or may not choose to do. But a very 0:13:37.600 --> 0:13:41.600 not so subtle sleight of hand. But let's just take 0:13:41.640 --> 0:13:46.560 a second here to again just burst the bubble, to 0:13:46.640 --> 0:13:49.920 push back a little bit on the BS, because you 0:13:50.480 --> 0:13:53.880 are on the front lines of this election, regardless of 0:13:53.920 --> 0:13:55.920 what the polls say or the book you say. Just 0:13:56.000 --> 0:13:58.199 as I said, to you every single night of the 0:13:58.240 --> 0:14:02.880 twenty nineteen election. Nothing is inevitable. Nothing is inevitable about 0:14:02.880 --> 0:14:06.600 this election. Again, on all of the cat's whiskers, it 0:14:06.679 --> 0:14:10.720 says that Labor is getting slightly stronger, the coalition slightly weaker, 0:14:10.920 --> 0:14:14.560 and fifty one forty nine has now become forty nine. 0:14:14.760 --> 0:14:18.280 The other way, this thing is still raiser tight. Not 0:14:18.360 --> 0:14:23.880 a single person has voted yet. So how we all 0:14:23.880 --> 0:14:26.160 feel about the fundamentals of the past three years is 0:14:26.200 --> 0:14:29.000 going to matter. I give you the data, I give 0:14:29.000 --> 0:14:32.760 you the information. I show you the data. You've got 0:14:32.760 --> 0:14:35.480 to have the conversations. You've got to talk to your kids, 0:14:35.640 --> 0:14:40.680 your workmates, the person down the club, ask them about 0:14:40.720 --> 0:14:42.800 whether they feel they're better off than three years ago, 0:14:43.160 --> 0:14:46.080 and don't let them get distracted by garbage like oh 0:14:46.080 --> 0:14:48.960 but if I heard the Treasury say four interests, right, 0:14:49.240 --> 0:14:52.400 because that's the thing people are busy. Remind them that 0:14:52.400 --> 0:14:54.520 that is just made up by the same bloke who 0:14:54.560 --> 0:14:56.000 told them that their power bills would go down by 0:14:56.040 --> 0:14:58.840 two hundred and seventy five dollars. But let's talk about 0:14:58.920 --> 0:15:02.200 Jim Charmers and where he has taken the Australian economy. 0:15:03.160 --> 0:15:07.360 When he sits there, he has put together a budget 0:15:07.360 --> 0:15:09.640 that just what a couple of weeks ago was being delivered. 0:15:10.280 --> 0:15:14.880 In that budget, this bloke wanted to hide that what 0:15:14.960 --> 0:15:17.080 he used to say was Liberal Party debt is now 0:15:17.440 --> 0:15:24.120 Labor Party debt. One trillion dollars becomes one point one 0:15:24.920 --> 0:15:29.840 trillion dollars and not even in the same decade as 0:15:29.880 --> 0:15:36.360 the Brisbane Olympics, we hit one point two trillion dollars debt. 0:15:37.000 --> 0:15:39.520 So if this mob gets re elected this year, one 0:15:39.640 --> 0:15:43.040 trillion the year after we go into the next election. 0:15:43.160 --> 0:15:45.560 Believe it or not, you look at this at one 0:15:45.760 --> 0:15:49.240 point one or even one point two trillion dollars debt. 0:15:50.200 --> 0:15:55.760 And that's because under his leadership the economy which had 0:15:55.760 --> 0:15:58.280 an opportunity to have massive amounts of money that we 0:15:58.320 --> 0:16:00.720 could go and put into say things like structure, like 0:16:00.800 --> 0:16:04.440 rebuilding every hospital in Australia. Instead no buy off here, 0:16:04.520 --> 0:16:08.360 buy off there, create fake headlines that would fiddle with 0:16:08.400 --> 0:16:10.720 the inflation numbers and pretend the twenty five dollars a 0:16:10.720 --> 0:16:13.800 month for the biggest dimensions to the smallest of country 0:16:13.800 --> 0:16:17.840 shacks is somehow delivering on their failed promise, their lie 0:16:18.000 --> 0:16:19.800 at the last election of about two hundred and seventy 0:16:19.800 --> 0:16:23.320 five dollars when it comes to power bills. That means 0:16:23.320 --> 0:16:25.240 that we are not in a budget deficit for the 0:16:25.280 --> 0:16:29.280 next year or two years or three. According to the 0:16:29.480 --> 0:16:34.400 detailed documents of the budget papers, it's a decade of 0:16:34.440 --> 0:16:37.200 deficits that we are now staring down, where the government 0:16:37.240 --> 0:16:40.280 will spend more money than it brings in, and it 0:16:40.320 --> 0:16:43.280 will be bringing in record amounts of money. They will 0:16:43.280 --> 0:16:47.000 in total take that debt from this year nine hundred 0:16:47.080 --> 0:16:51.800 billion to the next financial year one trillion, one point 0:16:51.800 --> 0:16:55.120 one and one point two trillion dollars. And that's because 0:16:55.160 --> 0:16:58.320 they spend more than the money coming in, and that 0:16:58.360 --> 0:17:03.040 could be one hundred billion dollars of books that are 0:17:03.080 --> 0:17:08.600 grossly imbalanced. And every single dollar of every single year's 0:17:08.600 --> 0:17:12.760 budget deficit is added to the many many before all 0:17:12.760 --> 0:17:16.320 of the ones post Howard, all of that money is 0:17:16.359 --> 0:17:18.199 added and added and added and added and added, and 0:17:18.240 --> 0:17:22.440 that's how you get to one point two trillion dollars 0:17:22.440 --> 0:17:26.679 of debt on this government's watch. Now. Of course, Charmers 0:17:26.680 --> 0:17:28.560 has been the person putting together the budget for the 0:17:28.560 --> 0:17:30.840 past a few years, has been very focused on the 0:17:30.880 --> 0:17:34.720 political issues. But while the details this year was a 0:17:34.840 --> 0:17:39.760 decade worth of deficits. This bike also released in twenty 0:17:39.880 --> 0:17:42.320 twenty three, the Intergenerational Report. I talk about this every 0:17:42.320 --> 0:17:44.000 few nights because I want you to remember. This is 0:17:44.040 --> 0:17:47.200 basically the predictions of where our economy will be, where 0:17:47.200 --> 0:17:51.240 our society will go over the next day forty years. 0:17:52.680 --> 0:17:55.320 And I show you the chart that is in this document, 0:17:55.359 --> 0:17:58.959 prepared by the same people who prepare the budget. There 0:17:59.000 --> 0:18:03.359 will be a budget deficit every single year for the 0:18:03.359 --> 0:18:07.560 twenty twenties, the twenty thirties, twenty forties, the twenty fifties 0:18:07.600 --> 0:18:11.040 and all the way at this stage to twenty sixty three, 0:18:11.560 --> 0:18:17.520 which is forty years from when these predictions were being made. Now, 0:18:17.520 --> 0:18:20.720 this is despite the fact that the Australian population will 0:18:21.000 --> 0:18:24.680 very close to double in that period of time. In fact, 0:18:24.840 --> 0:18:27.240 the same documents they try to hide this number, so 0:18:27.280 --> 0:18:29.840 I find a cleaner graphic to tell you about this. 0:18:30.280 --> 0:18:32.840 So Australia's population, now, what about twenty seven twenty eight 0:18:32.960 --> 0:18:36.680 million by the twenty sixties. Get ready for forty four 0:18:36.960 --> 0:18:41.639 million people to live in Australia. An extra what twenty 0:18:41.640 --> 0:18:45.960 odd million people that will be in Australia. Yes, born here, 0:18:45.960 --> 0:18:49.600 but majority brought here over the next forty years, yet 0:18:49.680 --> 0:18:52.040 still the government will be spending more money that it 0:18:52.080 --> 0:18:56.520 is getting, even when you add an extra twenty billions, sorry, 0:18:56.560 --> 0:19:03.280 twenty million people to the plan. And while Jim Chalmers 0:19:03.280 --> 0:19:06.640 would love you to believe that the reason we're going 0:19:06.640 --> 0:19:08.720 to have deficits for the next ten years is because 0:19:08.720 --> 0:19:12.000 of Donald Trump, or for the next forty years because 0:19:12.040 --> 0:19:16.480 of Donald Trump and tariff policy, just a reminder, where 0:19:16.520 --> 0:19:20.000 was Donald Trump? And I'm not joking the exact date 0:19:20.680 --> 0:19:24.919 that the Intergenerational Report was released, he was in a 0:19:25.080 --> 0:19:28.480 Georgia prison where he was fodo was being taken for 0:19:28.560 --> 0:19:32.360 that world famous mugshot. When this report was being released, 0:19:32.680 --> 0:19:34.840 Donald Trump was on a path to the rest of 0:19:34.880 --> 0:19:39.800 his life in jail. As a result of that behavior, 0:19:39.840 --> 0:19:41.800 he got stronger. He of course ended up winning the 0:19:41.840 --> 0:19:45.919 nomination and became the president. And by the way, just 0:19:45.960 --> 0:19:48.560 a love a little reminder, somebody spotted a little detail 0:19:48.600 --> 0:19:51.040 about that mug shot, which was on T shirts and 0:19:51.040 --> 0:19:53.359 all the rest of it, just as a daily reminder 0:19:53.400 --> 0:19:58.800 about how far his return to politics has been just 0:19:58.840 --> 0:20:02.240 outside the Oval office. Egalized people, egoloid people have worked 0:20:02.240 --> 0:20:07.280 out that the mugshot hangs just outside the entrance to 0:20:07.760 --> 0:20:12.960 the Oval office, a daily, hourly, minute by minute, constant 0:20:13.000 --> 0:20:16.960 reminder of where we were. So for Jim Chalmers to 0:20:16.960 --> 0:20:20.439 pretend that everything is to blame with Trump. But don't worry. 0:20:21.080 --> 0:20:24.400 If I just say four interestraight cuts, you won't remember 0:20:24.840 --> 0:20:30.760 everything bad Trump's fault, everything good government management. But government 0:20:30.840 --> 0:20:36.000 management is not just a decade but budget deficits, with 0:20:36.160 --> 0:20:38.720 all of those deficits adding to the already one point 0:20:38.760 --> 0:20:42.200 two trillion dollars of debt in his own budget papers, 0:20:42.359 --> 0:20:45.440 not made up by writing thing tank his own budget papers. 0:20:46.000 --> 0:20:48.240 And the same people who say that debt hits on 0:20:48.359 --> 0:20:52.080 his watch at trillion dollars this year one point two 0:20:52.200 --> 0:20:54.240 in and around the next election are the ones telling 0:20:54.320 --> 0:20:58.560 us budget deficits have tens of billions of dollars, yet 0:20:58.600 --> 0:21:04.399 the Australian population surges by close to twenty million people. 0:21:05.880 --> 0:21:08.160 At the heart of the way the Labor Party has 0:21:08.240 --> 0:21:12.840 designed our finances is this problem. Do not fall for 0:21:12.880 --> 0:21:17.280 the distraction of the day. Do not fall for the 0:21:17.359 --> 0:21:20.320 same people who lied to you about power prices lying 0:21:20.440 --> 0:21:23.800 to you about interest rate cuts when on their watch 0:21:24.920 --> 0:21:30.120 interest rates went up twelve times, when it happened during 0:21:30.160 --> 0:21:33.520 the last federal election campaign. It was an indication, as 0:21:33.600 --> 0:21:36.240 Jim Chalmers said, of a cost of living crisis and 0:21:36.280 --> 0:21:39.600 a reason to get rid of the Liberal Party. Well, 0:21:39.640 --> 0:21:43.760 I say, twelve interest rate rises on top of that, 0:21:44.880 --> 0:21:48.919 even when the one reduction is still the reason to 0:21:49.000 --> 0:21:52.000