WEBVTT - Paul Murray Live | 25 March 0:00:00.200 --> 0:00:07.240 From the sky Center. This is Paul Murray Live. Thank you, KG. 0:00:07.560 --> 0:00:10.360 I'll have something to say about the senator from Tasmania. 0:00:10.360 --> 0:00:11.920 Don't you love to ask a question about the government 0:00:11.960 --> 0:00:15.840 on the opposition? Please? We know how to game anyway. There 0:00:15.840 --> 0:00:17.480 are two things you need to know about this budget 0:00:17.480 --> 0:00:20.360 before I get into anything more complicated. Which of two numbers? 0:00:20.360 --> 0:00:25.120 Will you remember five dollars available as a tax cut 0:00:25.160 --> 0:00:28.480 in fifteen months or one t for trillion dollars debt 0:00:28.480 --> 0:00:31.440 that we're going to rack up this year this year 0:00:31.680 --> 0:00:35.880 in this country, one trillion dollars. In terms of the 0:00:35.920 --> 0:00:39.000 politics of what you have just seen, Yes, it's something 0:00:39.040 --> 0:00:41.280 extra for them to say going into an election, but 0:00:41.320 --> 0:00:46.280 I tell you what most people I believe we're confronted with, 0:00:46.320 --> 0:00:48.800 will you remember five bucks or one trillion dollars? They're 0:00:48.840 --> 0:00:52.120 going to remember one trillion dollars because five bucks it 0:00:52.120 --> 0:00:54.600 ain't going to change anyone's life, all right. The five 0:00:54.640 --> 0:00:56.080 things you need to know about this budget. And I've 0:00:56.080 --> 0:00:57.600 got to be honest. In the fifteen years I've done 0:00:57.640 --> 0:01:00.240 these budgets, this one is the easiest to decipher, the 0:01:00.280 --> 0:01:05.080 easiest to read, because it is like an essay written 0:01:05.120 --> 0:01:08.039 the night before it's due. There was no plan for 0:01:08.120 --> 0:01:10.840 this budget, hence why there's nothing big and serious in it. 0:01:11.000 --> 0:01:15.440 There's just a splashy announcement to get a headline, so 0:01:15.480 --> 0:01:17.640 everyone moves on to the next day, which is when's 0:01:17.640 --> 0:01:19.560 the election going to be? When's the election going to be? 0:01:20.240 --> 0:01:22.399 This was more like a speech to the National Press 0:01:22.400 --> 0:01:26.160 Club than it was a statement of where the economy 0:01:26.240 --> 0:01:27.640 is going to be going and what they're going to 0:01:27.640 --> 0:01:29.920 be doing in the next few years. But as always 0:01:29.920 --> 0:01:31.880 my tradition is to tell you the five things that 0:01:31.920 --> 0:01:34.679 you need to know about this budget. Let's get going now. 0:01:35.600 --> 0:01:38.280 Will you sell your vote for five dollars because that's 0:01:38.319 --> 0:01:43.679 the price this government thinks is what your vote is worth. Now. 0:01:43.720 --> 0:01:45.800 They believe that the two little too late tax cuts 0:01:45.840 --> 0:01:48.560 that were around last year fourteen dollars for people on 0:01:48.680 --> 0:01:50.720 forty thousand dollars, and so it was twelve dollars for 0:01:50.720 --> 0:01:54.800 people on forty thousand dollars. Now they're promising you an 0:01:54.800 --> 0:01:59.080 extra five dollars a week. But guess what. This five 0:01:59.160 --> 0:02:03.680 dollars a week doesn't kick in in July one, So 0:02:03.760 --> 0:02:06.600 vote for us in April or May and then you'll 0:02:06.600 --> 0:02:10.720 get this in July. No, no, no, no, no, you have 0:02:10.760 --> 0:02:19.760 to wait and entire fifteen months before five dollars. That 0:02:19.880 --> 0:02:21.760 is how little they think of the political debate in 0:02:21.760 --> 0:02:23.840 this country. That is how easy they think the people 0:02:23.840 --> 0:02:28.520 can be bought. I disagree, as the Treasurer said in 0:02:28.560 --> 0:02:30.760 his speech, And even the bloke who is trying to 0:02:30.880 --> 0:02:35.400 sell you this lemon of a used car knows he 0:02:35.480 --> 0:02:37.239 ain't going to make it out of the showroom. Is 0:02:37.240 --> 0:02:39.440 a good idea. 0:02:39.680 --> 0:02:42.560 These additional tax cuts are modest, but they will make 0:02:42.600 --> 0:02:45.560 a difference. The average urner will have an extra five 0:02:45.680 --> 0:02:48.679 hundred and thirty six dollars in their pocket each year 0:02:49.080 --> 0:02:50.280 when they're fully implemented. 0:02:51.200 --> 0:02:54.440 Now, again, devil is always in the detail. They want 0:02:54.480 --> 0:02:58.880 the headline to be surprise tax cut in budget. So 0:02:58.960 --> 0:03:01.400 people that are sort of half paying attention, maybe the 0:03:01.400 --> 0:03:04.320 only time they'll see in newspapers at the survey tomorrow. 0:03:04.400 --> 0:03:08.440 Maybe they'll half hear something on FM radio tomorrow, and 0:03:08.560 --> 0:03:11.799 sure that will be part of the coverage. But again 0:03:11.919 --> 0:03:16.280 the devil is in the detail. The federal election happens 0:03:16.400 --> 0:03:19.160 before July the first. The next financial year starts July 0:03:19.240 --> 0:03:22.720 the first. Generally speaking, when there are decisions that are 0:03:22.880 --> 0:03:26.639 the centerpiece of a federal budget. Those decisions are due 0:03:27.200 --> 0:03:30.160 on July the first of that year. No, no, no, this 0:03:30.200 --> 0:03:34.400 one kicks in July the first, next to you, and 0:03:34.440 --> 0:03:39.760 then there's something else maybe twelve months after that. Let's 0:03:39.760 --> 0:03:43.800 be really serious here, but this is extraordinary, the low 0:03:43.880 --> 0:03:47.000 grade salesmanship of a bloke who was not a doctor 0:03:47.040 --> 0:03:50.200 of economics. He's a doctor of spin. Remember that was 0:03:50.240 --> 0:03:54.840 his speciality was how did Paul Keating sell his economic policies? 0:03:54.880 --> 0:03:56.880 Well'll tell you what, while Porul Keating will no doubt 0:03:56.880 --> 0:03:58.720 come out and say greatest thing ever, because remember he 0:03:58.720 --> 0:04:01.200 said that about Bill Shorten, and then when Bill Shorton lost, 0:04:01.200 --> 0:04:02.680 he turn around said why would anyone vote for the 0:04:02.720 --> 0:04:04.760 dumb ideas of Bill Shorten. I'm sure he comes out 0:04:04.760 --> 0:04:10.080 and says greatest idea great great government. But compare introducing 0:04:10.120 --> 0:04:15.040 the GST, floating the dollar, deregulating the banks to this garbage. 0:04:16.240 --> 0:04:20.919 This is the dregs of the great minds that have 0:04:20.960 --> 0:04:24.360 run our country. And they honestly think that for five 0:04:24.560 --> 0:04:29.159 dollars a week in a year's time, you'll forget twelve 0:04:29.160 --> 0:04:32.360 interstrate rises tens of thousands of dollars extra that you 0:04:32.480 --> 0:04:35.520 have had to pay off your mortgage, that you will 0:04:35.520 --> 0:04:38.560 forget that this government increased the tax on petrol to 0:04:38.640 --> 0:04:41.680 fifty cents in one liter, that you will forget that 0:04:41.720 --> 0:04:43.960 if you buy something like a bottle of Bundy run 0:04:44.080 --> 0:04:49.000 sixty three percent of that is tax. That you will 0:04:49.000 --> 0:04:55.560 somehow magically forget that three and a bit million people 0:04:55.640 --> 0:04:58.320 in this country do not know where their food is 0:04:58.360 --> 0:05:02.119 coming from by the end of this week. Five dollars 0:05:02.160 --> 0:05:06.880 What an insult? What an insult? And to watch the 0:05:06.960 --> 0:05:11.039 Canberra class just all together because that's the team they like, 0:05:11.120 --> 0:05:12.760 and that's the team that will tuck them into bed 0:05:12.880 --> 0:05:18.919 faed income. In the real world, five dollars doesn't change 0:05:19.320 --> 0:05:25.160 anyone's life, let alone those people who are just I mean, 0:05:25.200 --> 0:05:29.480 there's three million people that it is close to homelessness, 0:05:30.240 --> 0:05:35.479 three million. But you'll be distracted, you'll vote for the 0:05:35.600 --> 0:05:39.839 very people who are going to offer you five bucks 0:05:39.839 --> 0:05:45.200 in one year. It is outrageous. And by the way, 0:05:45.520 --> 0:05:48.040 I love how the little spin is working on this. 0:05:49.320 --> 0:05:51.960 When my friend and colleague Andrew and Clonel fronted the 0:05:52.000 --> 0:05:54.000 treasurer with a five dollar note to kind of drive 0:05:54.040 --> 0:05:56.440 home the point of how ridiculous all of this is 0:05:57.120 --> 0:05:59.520 Listen to how Jim Channers tries to say, well, we 0:05:59.520 --> 0:06:02.160 deserved it for last year's budget as well, and if 0:06:02.160 --> 0:06:04.760 you put last year together with this year, that's lot 0:06:04.920 --> 0:06:09.520 of money. Remember twelve dollars a week, we're now talking 0:06:09.520 --> 0:06:15.320 about a grand title of seventeen dollars a week for 0:06:15.400 --> 0:06:19.320 people forty thousand dollars fed Incan have a listen to 0:06:19.360 --> 0:06:25.039 this bloke. I'm honest, there worth about that much a week. 0:06:25.760 --> 0:06:29.760 And in combination with the tax cuts that we're already delivering, 0:06:29.800 --> 0:06:31.680 the average taxhout's about fifty bucks a week. 0:06:31.720 --> 0:06:34.560 But I've talked about these ones. You don't get to 0:06:34.640 --> 0:06:37.800 a pineapple this time. You just you're giving people a 0:06:37.800 --> 0:06:38.919 cup of coffee a week. 0:06:38.760 --> 0:06:39.000 Aren't you. 0:06:39.360 --> 0:06:41.200 Well, this is about topping up the tax cuts which 0:06:41.200 --> 0:06:42.000 are flowing already. 0:06:42.120 --> 0:06:44.280 What we've tried to do here with this fifty bucks 0:06:44.320 --> 0:06:45.280 a week and three. 0:06:45.080 --> 0:06:49.480 Tax cuts, well cumulatively fifty bucks a week. 0:06:50.440 --> 0:06:54.120 Too little, too late, Too little, too late. Now again, 0:06:54.240 --> 0:06:56.160 just a little news for all those people that are 0:06:56.160 --> 0:06:58.960 packing up their laptops after sitting there and being very 0:06:59.000 --> 0:07:03.000 obedient people doing what the treasury officials and the Treasurer says. 0:07:03.080 --> 0:07:05.760 Covering this budget before they go off to the bars 0:07:05.760 --> 0:07:10.160 of the Act. A poll was done in July of 0:07:10.280 --> 0:07:14.000 last year that showed more than seventy percent of Australians 0:07:14.000 --> 0:07:16.760 could not name a single thing that made their lives 0:07:16.800 --> 0:07:20.640 financially better under this government. They didn't remember too little, 0:07:20.680 --> 0:07:24.800 too late last year. They will not remember five dollars 0:07:24.840 --> 0:07:28.960 in a year's time, they'll remember a trillion dollars. Because 0:07:28.960 --> 0:07:32.360 that number is a shame. It is a disgrace, and 0:07:32.440 --> 0:07:34.640 I'll get to that in further detail. But if we 0:07:34.680 --> 0:07:39.320 want to combine the upsides of this government were too little, 0:07:39.360 --> 0:07:42.600 too late last year and four fifths of bugger all 0:07:42.720 --> 0:07:46.800 this time, you should remember that if you go back 0:07:46.840 --> 0:07:48.800 a couple of budgets, right back to one of the 0:07:48.840 --> 0:07:52.760 first that was delivered by Grim Jim Charmers, he took 0:07:52.840 --> 0:07:55.560 what was called the low to middle income tax offset 0:07:55.800 --> 0:07:59.160 off the table. This was a COVID era payment that 0:07:59.200 --> 0:08:02.760 I believe should have continued until this day. And in 0:08:02.800 --> 0:08:05.080 my view, if Peter Dutton wants a nice little winner, 0:08:05.280 --> 0:08:07.920 this should go for the next couple of years because 0:08:07.920 --> 0:08:11.160 that was a guaranteed fifteen hundred dollar tax return to 0:08:11.200 --> 0:08:15.320 ten million workers. So this bloke wants to say, oh, 0:08:15.400 --> 0:08:18.240 twenty five dollars a month with your power bills, thank you, 0:08:18.320 --> 0:08:23.280 mister charmers. Five dollars a week tax cut in twelve 0:08:23.280 --> 0:08:28.440 months time, thank you, mister charmers. He took fifteen hundred 0:08:28.680 --> 0:08:35.720 dollars off you. You would have had three thousand dollars more. Instead, 0:08:35.760 --> 0:08:38.720 We're all supposed to think that these crumbs off the 0:08:38.760 --> 0:08:40.640 table that add up to a big enough number to 0:08:40.679 --> 0:08:45.160 stand there to deliver with all of the smugness, the 0:08:45.200 --> 0:08:49.959 address that he delivered tonight. Honestly, it is the second 0:08:50.040 --> 0:08:51.960 thing about the five things that you need to know 0:08:51.960 --> 0:08:53.760 about this budget. I've got plenty of other people to 0:08:53.800 --> 0:08:56.040 come in debate, tell me I'm right, tell me I'm wrong, 0:08:56.120 --> 0:08:58.280 But more importantly, I just can't hide this one tonight. 0:08:58.320 --> 0:09:02.640 This is a disgrace. The budget gets worse over the 0:09:02.640 --> 0:09:06.800 next decade. Now, regular viewers of this program will know 0:09:07.000 --> 0:09:09.559 that I have been laser focused on I think called 0:09:09.559 --> 0:09:12.720 the Intergenerational Report. This was produced by the same people 0:09:12.760 --> 0:09:16.440 who produce the federal budget, Treasury, and it says that 0:09:16.520 --> 0:09:20.280 the Australian federal budget will be in deficit, not for 0:09:20.440 --> 0:09:22.640 five years, not for ten years, but in fact all 0:09:22.640 --> 0:09:24.760 of the way through the twenty twenties, all the way 0:09:24.760 --> 0:09:27.520 through the twenty thirties, all the way through the twenty forties, 0:09:27.679 --> 0:09:30.760 all the way through the twenty fifties until after the 0:09:30.920 --> 0:09:37.000 Jetsons was set, which is twenty sixty two, forty years 0:09:37.000 --> 0:09:40.480 of deficits. Yet the ones we get an insert into 0:09:40.520 --> 0:09:45.840 tonight is forty two billion dollars this year, thirty five 0:09:45.840 --> 0:09:48.680 billion next year, thirty seven billion after that, thirty six 0:09:48.720 --> 0:09:51.480 billion after that. Put it all together, that's one hundred 0:09:51.480 --> 0:09:55.360 and fifty eight billion dollars in the next term of 0:09:55.440 --> 0:09:59.680 government if this one gets returned, because apparently they can 0:09:59.720 --> 0:10:03.319 buy you off with five dollars. How patronizing. Another thing, 0:10:03.360 --> 0:10:08.160 by the way, you know, all those politicians, including Jim Charmers, 0:10:08.200 --> 0:10:11.720 including the Prime Minister, they've got three pay rises in 0:10:11.800 --> 0:10:17.040 this election term alone, since the last three, and we 0:10:17.160 --> 0:10:22.040 deserve another three or are guaranteed four years for five bucks. 0:10:23.440 --> 0:10:27.280 It is so insulting, is so insulting, and it'll take 0:10:27.320 --> 0:10:29.320 a few weeks for the data to come back. But 0:10:29.400 --> 0:10:32.280 normal people, normal people will view this with the middle 0:10:32.280 --> 0:10:36.800 finger that it deserves, which brings us to one big, 0:10:37.320 --> 0:10:53.040 ugly number, one trillion dollars one thousand billion dollars, not 0:10:53.160 --> 0:10:55.880 in five years, not in ten years, not in twenty years, 0:10:56.400 --> 0:11:03.000 this financial year when Australia will hit that amount of debt. 0:11:04.240 --> 0:11:07.960 And the political class and political generations and the dregs 0:11:08.000 --> 0:11:10.200 of good governments have been ringing this up for years. 0:11:11.040 --> 0:11:14.400 But what is a particular disgrace about this number is 0:11:14.400 --> 0:11:21.360 the Jim Charmers and Anthony Arberanezi and Kadie Gallaher tried 0:11:21.360 --> 0:11:23.440 to use the number of a trillion dollars debt to 0:11:23.440 --> 0:11:25.800 bash Scott Morrison around the head. Remember actually this I 0:11:25.800 --> 0:11:28.440 think from before the election, a Liberal Party trillion dollars 0:11:28.480 --> 0:11:32.600 with a debt. Well, the number was not a trillion dollars. Instead, 0:11:32.600 --> 0:11:36.480 the trillion dollars will happen on this government's watch this year. 0:11:36.640 --> 0:11:40.360 Put it this way, Australia will owe a trillion dollars 0:11:40.400 --> 0:11:44.439 in debt before you will get five dollars a week 0:11:44.559 --> 0:11:49.400 in a tax cut. That equates, by the way, at 0:11:49.679 --> 0:11:53.960 thirty six thousand, six hundred and seventeen dollars, which is 0:11:54.000 --> 0:11:59.840 now owed by every single Australia from the one born, yes, 0:12:00.320 --> 0:12:04.679 the one who died tomorrow thirty six point thirty six thousand, 0:12:04.720 --> 0:12:07.160 six hundred and seventeen. But you know, the truth is 0:12:08.280 --> 0:12:11.400 all this debt is going to be paid by future generations. 0:12:11.960 --> 0:12:14.560 So let's, just for fun, take a trillion dollars and 0:12:14.559 --> 0:12:16.280 divide it by the number of people that are eighteen 0:12:16.320 --> 0:12:19.240 and younger in this country, because that number is one 0:12:19.280 --> 0:12:23.439 hundred and seventy five thousand dollars. Oh, we're building for 0:12:23.440 --> 0:12:27.440 Australia's future. No you're not. You're bankrupting it. Oh we 0:12:27.600 --> 0:12:29.840 really care about the next generator. No you're not. One 0:12:29.920 --> 0:12:32.920 hundred and seventy five thousand dollars for everyone under the 0:12:32.920 --> 0:12:37.720 age of eighteen, honestly, and these people, these numbers get 0:12:37.720 --> 0:12:41.400 worse because have a look. Last year, nine hundred and 0:12:41.480 --> 0:12:45.600 forty billion dollars. This year one hundred and two, sorry, 0:12:45.640 --> 0:12:51.400 one trillion dollars. Next year are trillion dollars, another seven 0:12:51.480 --> 0:12:55.320 billion dollars added on top of things here, sorry, seventy 0:12:55.520 --> 0:12:58.240 billion dollars. Then it's one point one, Then it's one 0:12:58.280 --> 0:13:00.480 point two. But up, up, up, up up, which is 0:13:00.480 --> 0:13:02.840 why when you have a deficit every year, it goes 0:13:02.840 --> 0:13:05.559 on top of every deficit that's ever been delivered before. 0:13:07.400 --> 0:13:09.200 And you want to know by the way about why 0:13:09.240 --> 0:13:12.160 this is a problem. This is from the federal budget. 0:13:12.679 --> 0:13:13.800 This is the bit where you go and have a 0:13:13.840 --> 0:13:16.360 look at the expenses. Okay, the amount of money we 0:13:16.360 --> 0:13:25.000 spend on things. Unsurprisingly, that amount of debt is going 0:13:25.080 --> 0:13:28.280 to take more money from the federal government than the 0:13:28.280 --> 0:13:31.920 federal government gives to financial support for people with disabilities. 0:13:33.320 --> 0:13:39.240 That amount of servicing that debt is going to be 0:13:39.280 --> 0:13:42.880 more than the pharmaceutical benefits schame. So think about every 0:13:42.880 --> 0:13:45.720 single drug in every single chemist, for every single Australian 0:13:45.760 --> 0:13:48.040 that is discounted by the tax bar. Well, guess what 0:13:48.280 --> 0:13:53.280 the entire cost of that system is cheaper than the 0:13:53.400 --> 0:13:59.840 debt bill we have starting this year. It is outrageous 0:14:00.160 --> 0:14:02.319 and the fact that these people think that they deserve 0:14:02.360 --> 0:14:06.240 another three years. Remember what they said when they were 0:14:06.240 --> 0:14:08.600 pretending it was the Liberal Party that passed the triuting 0:14:08.640 --> 0:14:13.199 dollar threshold. Ah, it's this government this year, this treasurer, 0:14:13.840 --> 0:14:15.840 who will take that moment in history? 0:14:17.360 --> 0:14:19.800 Only a liberal government could spend one hundred billion dollars 0:14:19.840 --> 0:14:21.960 in one night, rack up a trillion dollars in debt 0:14:22.000 --> 0:14:24.880 and debt and still have workers go backwards. This is 0:14:24.920 --> 0:14:27.440 a prime minister with a budget for the trillion dollars 0:14:27.440 --> 0:14:28.600 in debt and not enough. 0:14:28.440 --> 0:14:29.080 To show for it. 0:14:29.320 --> 0:14:31.560 The reason why we've got a trillion dollars in debt 0:14:31.600 --> 0:14:36.520 now is because this government sprays around money for political purposes. 0:14:36.600 --> 0:14:39.760 That budget which is absolutely heaving with a trillion dollars 0:14:39.800 --> 0:14:42.680 in Liberal Party debt. No wonder, he has no credibility, 0:14:42.760 --> 0:14:44.840 No wonder they racked up a trillion dollars a debt 0:14:45.040 --> 0:14:46.560 with almost nothing to show for it. 0:14:48.760 --> 0:14:51.680 All right, Number four, small business got screwed, and I 0:14:51.800 --> 0:14:54.920 mean badly in this budget. Something that has been around 0:14:54.920 --> 0:14:56.720 for a little while to think, call the instant asset. 0:14:56.840 --> 0:14:59.880 Right off, this is the one little break that people 0:15:00.080 --> 0:15:02.560 and small business have had, which means if you've got 0:15:02.560 --> 0:15:04.480 a lawn mowing business, you can go and buy and 0:15:04.560 --> 0:15:06.720 new maler, you write it off against your tax. If 0:15:06.720 --> 0:15:09.960 you've got a cafe and you need to get a 0:15:10.000 --> 0:15:13.400 new chip fryer, you can write it off against your tax. Previously, 0:15:13.400 --> 0:15:16.400 it's gone up to about twenty thousand dollars, then in 0:15:16.440 --> 0:15:18.120 COVID went up to one hundred thousand dollars. Then it 0:15:18.160 --> 0:15:22.600 came back to twenty thousand dollars, and tonight it disappears 0:15:23.280 --> 0:15:26.680 more businesses than ever are hitting the wall at the moment. 0:15:26.800 --> 0:15:30.680 Many of them are these small cafes and restaurants, and 0:15:30.720 --> 0:15:34.160 sadly there'll be more of them because the little break 0:15:34.200 --> 0:15:36.680 you got has been taken away by the bloke who've 0:15:36.680 --> 0:15:43.320 got three pay rises in the past three years. And finally, 0:15:43.920 --> 0:15:46.360 this is the most important political point, apart from the 0:15:46.360 --> 0:15:50.800 five dollars versus one trillion dollars. Labor is setting the 0:15:50.800 --> 0:15:55.560 plate to blame Trump for bad times. Listen to just 0:15:55.600 --> 0:15:58.360 how many times a certain word got used in a 0:15:58.400 --> 0:16:01.000 budget about Australia. 0:16:00.080 --> 0:16:05.080 Yeah, global at global global, global global and global globals 0:16:05.080 --> 0:16:06.600 globe globalization global. 0:16:07.720 --> 0:16:11.040 That's code for Trump. Now they'll say it's the Chinese economy, 0:16:11.040 --> 0:16:14.280 it's the global No, no, it's code for Trump. Because 0:16:14.360 --> 0:16:17.560 on April the second, Donald Trump is going to make 0:16:17.600 --> 0:16:20.080 his next round of decisions when it comes to tariff's. 0:16:20.760 --> 0:16:23.680 Now the Australian steal an anilminium industry has been, of 0:16:23.680 --> 0:16:26.520 course affected by twenty five percent tariff one that, of course, 0:16:26.560 --> 0:16:28.640 this Prime Minister was somehow going to save us from 0:16:28.760 --> 0:16:31.280 Karen Rudd over there in Washington was also going to 0:16:31.280 --> 0:16:34.200 say no, no, of course it didn't happen. But who 0:16:34.280 --> 0:16:36.920 knows what the next round is going to be. And 0:16:36.960 --> 0:16:40.440 I guarantee you, I guarantee you that if Trump hits 0:16:40.480 --> 0:16:43.600 Australia with something similar to what he did with steal 0:16:43.640 --> 0:16:48.840 an aluminium, labor will win the federal election. Why because 0:16:48.840 --> 0:16:50.520 while I might be Trump and I'm not jumping off 0:16:50.560 --> 0:16:53.480 the MAGA train, the majority of Australians do not like 0:16:53.560 --> 0:16:56.240 Donald Trump. The majority of Australians do not like the 0:16:56.280 --> 0:16:58.680 way that he is running the world. In fact, in 0:16:58.720 --> 0:17:02.200 places like Canada, where their government was running so badly 0:17:02.280 --> 0:17:05.520 Trudeau had to go, they were trailing. Now they're leading. 0:17:05.680 --> 0:17:08.520 Kiir Starmer, who was starting to fall behind Niger Ferrag 0:17:08.640 --> 0:17:11.320 is now leading again. Why because they're pushing up against Trump. 0:17:11.840 --> 0:17:15.080 In fact, a pole was put out yesterday telling just 0:17:15.119 --> 0:17:19.000 a simple question, what annoys you? Apparently more people in Australia, 0:17:19.040 --> 0:17:21.480 according this survey, are annoyed by Donald Trump than the 0:17:21.480 --> 0:17:23.080 cost of living. Now I don't quite believe that, but 0:17:23.160 --> 0:17:27.000 you get my point. So this government is betting that 0:17:27.080 --> 0:17:29.359 they can buy your vote for five dollars that you 0:17:29.400 --> 0:17:32.280 will ignore one trillion dollars worth of debt. That small 0:17:32.320 --> 0:17:36.159 business is so small it doesn't matter, and that Donald 0:17:36.160 --> 0:17:40.080 Trump will do something that means we debate him, not them, 0:17:40.680 --> 0:17:43.480 for the next few weeks. Chris Kenny joins me in 0:17:43.520 --> 0:17:45.400 the room right now, of course, Kenny report five pm. 0:17:45.440 --> 0:17:48.280 That's when Primetime starts each and every night. Andrew Bolt, 0:17:48.560 --> 0:17:51.040 the King of all Things, is of course in Melbourne, 0:17:51.119 --> 0:17:53.359 and you can see him at seven o'clock Australian Eastern 0:17:53.440 --> 0:17:56.520 daylight time. Boys, that's enough from me, Chris, your thoughts. 0:17:56.960 --> 0:18:00.959 Look, this is the budget where Labor has laid politics 0:18:01.000 --> 0:18:04.080 completely and forgotten about economics. But what they've really revealed 0:18:04.200 --> 0:18:06.000 is just how broken the budget is. 0:18:06.320 --> 0:18:07.280 Think about this mob. 0:18:08.560 --> 0:18:12.600 They will spend, spend, spend, even when they have to 0:18:12.600 --> 0:18:15.720 put it all on the credit card, to buy off 0:18:15.720 --> 0:18:18.720 the unions, to put more public servants on the staff 0:18:18.760 --> 0:18:20.600 so they can work from home and get more pay 0:18:20.680 --> 0:18:24.359 risers that they will never they will never be caught 0:18:24.400 --> 0:18:27.000 short when it comes to spending. Yet the best they 0:18:27.000 --> 0:18:31.040 can do in this budget, this election eve budget, is 0:18:31.080 --> 0:18:34.600 to give a five dollar tax cut more than a 0:18:34.680 --> 0:18:36.200 year down the track from now. 0:18:36.520 --> 0:18:36.720 Now. 0:18:36.720 --> 0:18:40.280 That just shows how bare the cup it is. They're so, 0:18:40.640 --> 0:18:43.159 they are so stuck for money, they have blown so 0:18:43.320 --> 0:18:45.679 much money that that's the best they can do. And 0:18:45.720 --> 0:18:48.080 of course it's not there for relief. It's not going 0:18:48.160 --> 0:18:50.760 to help anyone. It's there to try and distract the media, 0:18:50.880 --> 0:18:53.840 try and have the discussion about that, rather than the 0:18:53.880 --> 0:18:56.520 billion dollars you're talking about a billion dollars of debt. 0:18:56.560 --> 0:18:58.800 We used to talk about it a decade ago as 0:18:58.840 --> 0:19:02.480 some sort of horror story that could never unfold. It's 0:19:02.560 --> 0:19:05.320 here within the next few months. And what's worse is 0:19:05.359 --> 0:19:07.440 over the next few years it goes to one point 0:19:07.480 --> 0:19:09.920 two billion dollars and people are going to be paying 0:19:09.960 --> 0:19:12.800 for this in decades to come. There is no plan 0:19:12.920 --> 0:19:18.160 here to fix the budget, to restore the budget, to 0:19:18.280 --> 0:19:21.080 encourage growth and productivity in our economy. 0:19:21.119 --> 0:19:22.280 There's just no way out. 0:19:22.359 --> 0:19:27.400 There's just more debt and more of Labour's big government solutions, 0:19:27.560 --> 0:19:29.480 including in immigration. 0:19:30.520 --> 0:19:31.280 They saying there. 0:19:31.200 --> 0:19:33.879 Will be more than a quarter of a million additional 0:19:33.920 --> 0:19:36.359 people coming into the country next year in net terms, 0:19:36.359 --> 0:19:39.600 and they've always overshot their budgets. That's another area where 0:19:39.640 --> 0:19:41.879 if I was Peter Dutton, I would be coming in 0:19:41.920 --> 0:19:43.840 with a much lower figure than that. 0:19:43.880 --> 0:19:46.159 Twenty eight billion dollars. Andrew Bolt is what it's going 0:19:46.240 --> 0:19:50.080 to cost annually to pay one trillion dollars in debt 0:19:50.359 --> 0:19:53.680 twenty eight billion dollars. That a year's time becomes thirty three, 0:19:53.840 --> 0:19:55.879 then it becomes thirty seven, then it becomes forty one 0:19:56.080 --> 0:19:59.480 billion dollars a year. Again, that number puts you in 0:19:59.480 --> 0:20:01.840 front of the farm pmaceutical benefit scheme, in front of 0:20:01.880 --> 0:20:04.399 the financial support for families, in front of what we 0:20:04.440 --> 0:20:06.639 pay people totally for the doll in front of what 0:20:06.680 --> 0:20:08.960 we pay people when it comes to childcare, in front 0:20:08.960 --> 0:20:12.360 of what at the moment when it comes to army capabilities. 0:20:12.400 --> 0:20:15.720 In fact, it'd be almost three times more than that. Andrew, 0:20:15.880 --> 0:20:18.120 this trillion dollars is the number I think they remember, 0:20:18.359 --> 0:20:20.320 not the five dollar flash. But what do you think? 0:20:22.800 --> 0:20:24.960 Look, I totally agree that the debt is the big 0:20:25.000 --> 0:20:29.000 story here. I think it was really telling. It's symbolic 0:20:29.080 --> 0:20:30.919 of where the country is and how this is a 0:20:30.920 --> 0:20:34.560 budget not for building Australians, just for carving up a 0:20:34.680 --> 0:20:38.719 vanishing pie. That the two fastest growing items in this 0:20:38.920 --> 0:20:42.880 of spending in the years ahere tore a interest payments 0:20:42.880 --> 0:20:47.240 on our debt and b the National Disability Insurance scheme. 0:20:47.640 --> 0:20:51.240 You cannot tell me the seven hundred thousand Australians really 0:20:51.440 --> 0:20:56.600 are permanently and seriously disabled, but they need to hand 0:20:56.640 --> 0:20:59.400 out one in thirty five Australians. It just shows we're 0:20:59.400 --> 0:21:02.760 becoming a word fare country. There's nothing in this budget 0:21:02.800 --> 0:21:05.560 about building us and there'll be a lot of people. 0:21:06.040 --> 0:21:08.679 You know how it is poor when you're at university, 0:21:09.119 --> 0:21:12.000 so you're eighteen, nineteen, twenty twenty one, you tend to 0:21:12.000 --> 0:21:13.960 be at the left and you're thinking, I like a 0:21:13.960 --> 0:21:16.320 big government. I like these handouts. Hey, they're going to 0:21:16.320 --> 0:21:19.199 forgive student debt for instance. You know, so people who 0:21:19.520 --> 0:21:21.199 paid off their debt they're now going to have to 0:21:21.200 --> 0:21:24.400 pay off someone else's student debt as well. I want 0:21:24.440 --> 0:21:27.800 to tell them, this big spending government, it's not me 0:21:27.920 --> 0:21:31.880 that's going to end up paying back whatever it will 0:21:31.920 --> 0:21:34.800 be in ten years time. For ten years at least, 0:21:34.880 --> 0:21:38.000 we're going to have more and more and more deficits 0:21:38.560 --> 0:21:41.720 adding to the debt before we even begin to start 0:21:41.760 --> 0:21:43.919 paying it off. Ten years from now. It won't be 0:21:43.960 --> 0:21:45.800 me paying it off. It's going to be these eighteen 0:21:45.840 --> 0:21:49.560 and twenty twenty one year olds who'll then be starting 0:21:49.640 --> 0:21:53.440 families ten years from now, trying to work hard, trying 0:21:53.480 --> 0:21:56.040 to build something, maybe trying to buy their house if 0:21:56.040 --> 0:21:59.040 there anyone can afford it then and they will start 0:21:59.080 --> 0:22:01.200 having to pay off this that's there, that is being 0:22:01.400 --> 0:22:03.600 wrecked up right now and in the ten years to 0:22:03.680 --> 0:22:06.960 come under this government. And I have to tell you, 0:22:06.960 --> 0:22:09.199 you know, when you're young, you tend to be of 0:22:09.240 --> 0:22:11.440 the left. When you're older, you tend to be conservatives. 0:22:11.440 --> 0:22:14.359 You can see the consequences is a lot of kids 0:22:14.960 --> 0:22:16.880 in eighteen nineteen that are going to have to grow 0:22:17.240 --> 0:22:21.000 very very fast and realize this government is an enemy 0:22:21.040 --> 0:22:21.840 of their future. 0:22:22.280 --> 0:22:24.800 Well, again, we did the numbers right. We grabbed the 0:22:24.840 --> 0:22:26.800