1 00:00:00,080 --> 00:00:04,040 Speaker 1: It's likely, indeed forecast, that this government, if re elected 2 00:00:04,080 --> 00:00:07,920 Speaker 1: next year, will end its second term ie twenty twenty 3 00:00:08,000 --> 00:00:12,239 Speaker 1: nine never having run a surplus. Now that are the 4 00:00:12,320 --> 00:00:14,880 Speaker 1: means they spend too much or they inherited a gargantu 5 00:00:14,920 --> 00:00:16,279 Speaker 1: and miss. The latter we know to be a fact, 6 00:00:16,320 --> 00:00:18,480 Speaker 1: but the form is a bit debatable in fact, depending 7 00:00:18,520 --> 00:00:20,960 Speaker 1: on how you measure things. The four car surplus in 8 00:00:20,960 --> 00:00:23,400 Speaker 1: twenty twenty nine is so thin it might be less 9 00:00:23,440 --> 00:00:25,800 Speaker 1: than nothing, and that's the optimistic way of measuring things 10 00:00:26,160 --> 00:00:28,200 Speaker 1: the government now favors. On to why that is, the 11 00:00:28,320 --> 00:00:32,720 Speaker 1: traditional way still has a three billion dollar hole by 12 00:00:32,760 --> 00:00:35,519 Speaker 1: twenty twenty nine. The pay equity money turns out to 13 00:00:35,520 --> 00:00:37,080 Speaker 1: be about two and a half billion a year, which 14 00:00:37,080 --> 00:00:40,520 Speaker 1: shows you how hopelessly loose pay equity became. Primary teaching 15 00:00:40,680 --> 00:00:43,520 Speaker 1: is not a pay equity issue, the same way nursing isn't. 16 00:00:43,680 --> 00:00:46,120 Speaker 1: It's a union pay grab. The opposition will try and 17 00:00:46,159 --> 00:00:48,680 Speaker 1: convince you otherwise, but they're wrong. What we do know 18 00:00:49,000 --> 00:00:51,080 Speaker 1: is the government found five billion a year from savings 19 00:00:51,120 --> 00:00:53,480 Speaker 1: in equity, which is a lot of money, but money 20 00:00:53,520 --> 00:00:56,880 Speaker 1: that still allegedly needs spending, Hence the ongoing deficits. The 21 00:00:56,920 --> 00:00:59,520 Speaker 1: debt to GDP keeps going up. It's too high. But 22 00:00:59,600 --> 00:01:01,680 Speaker 1: under my way of doing things, the little there was 23 00:01:01,720 --> 00:01:04,720 Speaker 1: handed out or redistributed yesterday wouldn't have been. But I 24 00:01:04,760 --> 00:01:07,479 Speaker 1: suspect the politics of that particular approach was too much 25 00:01:07,520 --> 00:01:10,800 Speaker 1: to stomach. But and here is the issue. A conservative 26 00:01:10,800 --> 00:01:12,800 Speaker 1: government can only run things in the red for so 27 00:01:12,920 --> 00:01:15,560 Speaker 1: long before the public quite rightly asks whether they actually 28 00:01:15,600 --> 00:01:18,240 Speaker 1: know what they're doing. Can we save a freebies for 29 00:01:18,280 --> 00:01:21,360 Speaker 1: the so called wealthy? Good move? Best start freebies for 30 00:01:21,400 --> 00:01:25,600 Speaker 1: wealthy families. Good move means testing wealthy families on jobless teenagers, 31 00:01:25,680 --> 00:01:29,560 Speaker 1: common sense. It's done on student allowance, depreciation for business assets. 32 00:01:29,640 --> 00:01:32,199 Speaker 1: Good move encourages people to spend and take a punt 33 00:01:32,280 --> 00:01:35,200 Speaker 1: more please. In the end, it was pretty much a 34 00:01:35,240 --> 00:01:37,759 Speaker 1: simple document because one the government has limited room to move, 35 00:01:37,800 --> 00:01:39,520 Speaker 1: and two governments should not be the home of all 36 00:01:39,560 --> 00:01:42,440 Speaker 1: good ideas, bum wiping and problem solving. They should set 37 00:01:42,480 --> 00:01:45,160 Speaker 1: the mood and clear the runway. It's a classic center 38 00:01:45,200 --> 00:01:48,440 Speaker 1: right budget written in tough times. What they need politically 39 00:01:48,960 --> 00:01:51,560 Speaker 1: is people to understand just how tough and to give 40 00:01:51,600 --> 00:01:54,440 Speaker 1: them leeway and some patience to ride this out. And 41 00:01:54,520 --> 00:01:56,280 Speaker 1: as for those who dug as this hole in the 42 00:01:56,320 --> 00:01:58,840 Speaker 1: first place. The less we hear from them, the better. 43 00:01:59,360 --> 00:02:02,600 Speaker 1: For more the Mic Asking Breakfast, listen live to News 44 00:02:02,640 --> 00:02:05,560 Speaker 1: Talk set B from six am weekdays, or follow the 45 00:02:05,600 --> 00:02:07,040 Speaker 1: podcast on iHeartRadio.