1
00:00:00,280 --> 00:00:01,680
Speaker 1: Look, I don't want to have to start the show

2
00:00:01,720 --> 00:00:03,720
Speaker 1: on a bum note. But if you share my view

3
00:00:03,760 --> 00:00:06,000
Speaker 1: that this country isn't a hot mess financially, then this

4
00:00:06,080 --> 00:00:08,479
Speaker 1: budget is underwhelming, I would say. Or you could say

5
00:00:08,520 --> 00:00:11,040
Speaker 1: it's disappointing, or you could say it doesn't go far enough.

6
00:00:11,080 --> 00:00:14,000
Speaker 1: You can pick your epithet. It's called the growth budget,

7
00:00:14,040 --> 00:00:16,040
Speaker 1: but I find the growth in it. For me, there

8
00:00:16,079 --> 00:00:17,840
Speaker 1: is no growth here. The only growth that we can

9
00:00:17,880 --> 00:00:20,000
Speaker 1: see is as the result of a tax incentive scheme,

10
00:00:20,040 --> 00:00:22,479
Speaker 1: which is a good idea but just doesn't go far enough.

11
00:00:22,800 --> 00:00:29,480
Speaker 1: It lifts GDP by get this, one percent over twenty years.

12
00:00:29,960 --> 00:00:32,320
Speaker 1: So what is that when you split it twenty ways?

13
00:00:32,720 --> 00:00:35,120
Speaker 1: Is that growth or is it now just a rounding error?

14
00:00:35,479 --> 00:00:37,279
Speaker 1: In fact, the budget is full of this kind of thing.

15
00:00:37,280 --> 00:00:40,560
Speaker 1: It's good ideas, Yeah, good ideas, but only half baked.

16
00:00:40,800 --> 00:00:43,000
Speaker 1: Cutting eighteen or nineteen year olds off the doll and

17
00:00:43,000 --> 00:00:45,960
Speaker 1: making the parents take responsibility is a great idea, but

18
00:00:46,000 --> 00:00:48,560
Speaker 1: it's so full of loopholes. You can already see exactly

19
00:00:48,600 --> 00:00:49,960
Speaker 1: how these kids are going to get around the rules

20
00:00:50,000 --> 00:00:52,000
Speaker 1: and stay on the doll. Cutting the government can we

21
00:00:52,040 --> 00:00:54,720
Speaker 1: save a contribution to rich people? Exactly what should happen,

22
00:00:54,840 --> 00:00:57,480
Speaker 1: but it should be cut to everyone. The gas exploration

23
00:00:57,560 --> 00:01:00,120
Speaker 1: money exactly what needs to happen, but it's tiny when

24
00:01:00,120 --> 00:01:02,120
Speaker 1: it's a couple of hundred million dollars in an industry

25
00:01:02,120 --> 00:01:05,920
Speaker 1: that talks in billions five billion dollars worth of savings

26
00:01:05,920 --> 00:01:08,040
Speaker 1: and cuts, which are small beer. That's the same amount

27
00:01:08,120 --> 00:01:10,720
Speaker 1: that we rack up five billion is the same amount

28
00:01:10,760 --> 00:01:13,000
Speaker 1: that we rack up in interest payments on our national

29
00:01:13,040 --> 00:01:16,120
Speaker 1: debt in just seven months. So if you were hoping

30
00:01:16,200 --> 00:01:19,839
Speaker 1: for something to turn this ship around, something that supercharges growth,

31
00:01:19,880 --> 00:01:22,360
Speaker 1: something that slashes spending or rarely gets us out of

32
00:01:22,360 --> 00:01:24,720
Speaker 1: this financial trouble that we're in, this is not it.

33
00:01:25,120 --> 00:01:26,960
Speaker 1: This is a budget of good ideas that do not

34
00:01:27,120 --> 00:01:31,400
Speaker 1: go far enough. For more from Heather Duplicy Allan Drive,

35
00:01:31,560 --> 00:01:34,919
Speaker 1: Listen live to news Talks'd Be from four pm weekdays,

36
00:01:35,080 --> 00:01:37,280
Speaker 1: or follow the podcast on iHeartRadio.