‘Excessive government spending’ the root cause of Australia’s economy issues

[@brothermaynard3200]

Excessive government incompetence is the greatest threat.

[@MrChrisdube]

"Incompetence" and excessive government spending go hand in hand. Legislatures LOVE to spend taxpayer's money.

[@adamsmith-bq8ku]

Get rid of the age pension and welfare payments and save billions.

[@bdawg3942]

🙄 or that 🦠 con

[@Waynothebrute]

@@adamsmith-bq8kuwhat hospital are you in Adam?

[@moopius]

There are many thousands of people in Australia who receive huge funding and benefits who will never contribute anything to society. They will never pay tax or do a productive job or help anyone but themselves. People who do contribute to society pay massive taxes yet get a bare minimum of help from the Government and have to pay over the top prices for everything just to stay alive.

[@jamesmclntosh3017]

God if there is one comment in this world it's yours 🙏

[@lloydsingline340]

Best comment this year !!

[@greatape7258]

True.thats why im no longer self employed.notional/provisional tax wiped me out.

[@jimmartin9704]

What about all the multinational corporations or big business that filter all their profits offshore so they don't pay their fair share of taxes???

[@adamsmith-bq8ku]

Pensioners are also non productive because they pull many times more out than they ever put in. The pension isn't meant to be a free superannuation scheme.

[@briancarr34]

As Maggie Thatcher said, 'The problem with socialism is that you eventually run out of other people's money.' ...................... Thanks to Albo and Labor this is exactly what has happened.

[@richardsaunders3743]

A truism indeed.

[@scottfagan4374]

Wait, haven’t they delivered 2 consecutive surplus budgets? Reducing our national debt by 64 billion dollars?

[@briancarr34]

@@scottfagan4374 Simple question: Is the average Australian better off since Labor got into power? Simple answer: No.

[@ML6103]

Since Thatcher completely ruined Britain, she's not the person I'd want to be quoting

[@scottfagan4374]

@@briancarr34 but your statement was about economic management. Something about running out of money but in this case the Labor party has reduced the national debt for the first time in over a decade. So how do you reconcile that fact with your opinion? Now if you’re of the opinion that the national debt doesn’t matter and the government should spend more of the average Australian even if that means going into deficit.. that means MMT. I’ll let you work out what that means in your own time

[@gilthorn3430]

RBA should not cut rates. US inflation is back. Cut immigration.

[@russellcullen9913]

Dutton won't cut Immigration the liberals like it because it keeps a demand for housing and it keeps wages down.

[@adamsmith-bq8ku]

Albo tried to cut overseas student numbers but Dutton sided with the greens to block it.

[@Waynothebrute]

RBA should have cut rates 3 months ago.

[@Deano00777]

⁠@@Waynothebruteoh, is inflation too low? Are people not spending? Have you seen the line at the Apple Store? Do you know the wait time on a hilux, ranger or jet ski at the moment??? Go past a nail salon, count the amount of women paying $70 for a nail cut during a “cost of living crisis”.

[@Waynothebrute]

@ The cost of living crises affects the less fortunate you might say. Good luck to you if you are well off. What is needed is for the Greedy corporations that have a big bearing on the cost of living to be brought into line. My opinion

[@superpala2025]

Donald Trump should run australia and put albo in prison.

[@adamsmith-bq8ku]

Pauline Hanson has already been to prison.

[@bdawg3942]

🙄 Xmas booster 🤷‍♂️

[@Poorlineforeva]

Looks like Santa missed you out

[@ibrahimhazife7092]

We need someone like donald trump in Australia

[@bridgetwicks8909]

Stop spending!

[@lornacarlos]

Albo's achievements ---hard landing, costs of living hardships, inflation not coming down caused by Labor Party's indiscriminate spending big ;.

[@industrial-steampunk]

Albo works for the Libs and is now sabotaging the Labour party

[@Waynothebrute]

Inflation under LNP above 6% under ALP 2.1 %

[@jerrywong5960]

Over 1 million new migrants came to Australia since Labor took office. 1 million x $400 rent × 26 weeks = ? How is inflation going to go down?

[@antontsau]

not "spending" but "waste". Take (debt) money and destroy, not create, value for them. So it was zero and then it becomes debt + much worse result. Higher energy price, worse school education, more subsidies to rail, degraded public health and so on.

[@lloydsingline340]

The IMF has warned Labor against any more spending sprees.What on earth will they do!!Looks like more severe recession.

[@nevillegreg1]

Property prices have gone thru the roof, but governments of all persuasion are to blame. 40 years ago, laws should have been passed to stop non-citizens from purchasing freehold land in Australia, only allowed to purchase units. Such laws are in place in many Asian and other countries. We shot ourselves in the foot. Why didn't governments introduce such laws? Because the more, greater value, property sold for, the more money (taxes/duties) governments made.

[@richardsaunders3743]

On board about excluding foreigners from buying freehold property. At least consider, among other things, confining foreigners' holding of real estate tenure to short term leaseholds.

[@dangermouse496]

shouldn’t be allowed to home a home in this country unless you reside in this country aswell…

[@BarbaraHambleton]

This govt has broken our nation . Shame on them

[@stephenwhitton4902]

Labor just gives and gives away your money, not theirs. We also shouldn't be shackled and controlled financially by a private organisation like the RBA who favour what makes them rich. Especially, when Australia politicians are looking at autonomy from the Government for the RBA. Australian's should also not support privatisation of their assets, not the government but the Australian peoples, like what has already happened. Privatisation, competition and selling to foreign interests has done nothing for the people but raise the cost of living and lowered the standards of the sold assets.

[@ajonnieq2002]

There Wont be a Cut. Up is Coming. Sorry😢

[@aclifford652]

Only someone who hadn't shopped in a supermarket for at least a month could possibly believe that inflation isn't still a problem.

[@TheOfficialWorldOfBoats]

Elon musk is calling for government cuts in the US. Let’s cut ours too.

[@beaunorman3706]

I was born and raised in this country, and both my partner and I are Highway civil engineers. We are only children with no generational wealth. I'm 33, and she’s 27. I was laid off three months ago, and despite our situation, we don't qualify for government assistance. This would be manageable, but with rent at $700 a week for a small terrace in what can only be called a ghetto, it’s a real struggle. We've contributed around $100,000 a year in taxes over more than a decade, along with the silent tax from relentless money printing… So yes, owning a home feels (and is mathematically) impossibly out of reach. It’s infuriating to be welcomed to my own country multiple times a day while applying for jobs at businesses prioritising a 'woke' agenda to appease certain groups. I hate this situation, I hate this country. @Trump, please help us secure a green card. We will bust our ass, just like we’ve been doing here. More than happy to denounce citizenship.

[@patriot388]

Labor101: Spend, Spend, Spend... 🙄

[@ML6103]

So....what is LNP 101? Suckhole to foreign corporations? Bring out laws that crap on the working man?

[@tommasinainnovationandlife7536]

We need government transparency and not more spending. Public servants just got another pay rise just in time for Christmas. Even the IMF is yelling stop spending. Australia needs more transparency.

[@acotrel1]

The root cause of Australia's economic issues is our balance of payments with China. We buy most of our manufactured products from China, and the top end of town is making a motza. But the money does not get invested in Australian businesses. It is used to buy houses. Who buys industrial shares, these days? - Business incompetence is the greatest threat.

[@Waynothebrute]

The root cause of cost of living crises is the Banks, Woolworths, Cole,s and Fuel companies making $BILLIONS in profits EVERY year THAT is the cause of all the economic issues.

[@michaellevis4702]

Albanese wont stop giving other countries our tax payer money companies going bust left right n centre people on streets due to no housing but immigration still pouring in albenese should be nicknamed the wrecking ball

[@billybloggs3214]

First thing Albo did was force all employers to pay their employees 5% more. Fight inflation with inflation is Leftarded

[@pb9040]

Free living the Aboriginals

[@johnmcdonald8943]

Most people don’t understand inflation- they think it is greedy businesses, but it is all government

[@relaxedmuffin3666]

They aren't even spending it on stuff anyone wants.

[@DOWNUNDER.]

Two years ago I posted that labor in government was like Toad of Toad Hall with a new automobile 🚘 beep beep I was dead right ✅️

[@brothermaynard3200]

And Murray Watt looks the part

[@BronwynMurray-sc2xu]

I won't be able to get the thought out of my head of Toad speeding down Avoca Drive towards his $4.3 million Beach shack in his shiny new Tesla. Where's Zanetti, the cartoonist when you need him😂.

[@DOWNUNDER.]

@brothermaynard3200 i reckon he could be moley, except moley is likable

[@brothermaynard3200]

@@DOWNUNDER. True.

[@graemekeeley4497]

And that spending is your Money.

[@darrenhouse9875]

I'd say the root cause is housing. People need to borrow so much that they dont have money to spend in the economy and with the government wanting to keep housing going up the problem is not going anywhere.

[@antontsau]

Where to spend? I did not misheard - ECONOMY? What is it? What Australia produces that can be bought, comparable to housing? Beer and weed? Definitely not cars, electronics, fuel, airplanes, ships, even energy is effectively produced in China as PV equipment. This is the problem, total unusability of Australian workforce. To do something real like Korean cars or Chinese electronics it is too expensive, to do something advanced like French nuke reactors or US software, movies and finance hoax it is too retarded.

[@australiafirst520]

I'd say the Root Cause is Albanese.

[@antontsau]

@@australiafirst520 Oh yeees, Labs never-never wasted money before. And Libs too.

[@kanderson4417]

And when its all over for Albo and Jim all the money is spent, the debt is increased and yet as usual with Labor nothing left to show for it. We the taxpayers are left with decreased living standards. Its a sad day when the IMF starts telling the Australian government to stop spending. Like we are a third world basket case.

[@zuludawn2010]

Ebow appears to want all the glory , lurks and perks as PM, but doesn't want the responsibility of his office. It certainly appears he is in this for the free ride and whatever he can get out of it and nothing more.

[@stevenmitchell7830]

Labor's lending rules were specifically designed to stop small businesses from accessing loans. Without capital our businesses can't restructure our economy and increase prosperity.

[@cracknoir8397]

GRINCHES !!!!!!!!!!!!!!!!!!!!!!!

[@SamuelHunt-g1t]

Thanks for giving us such tough times we really appreciate your ability to cause such grief all by yourself,Labor.

[@jamesmclntosh3017]

Look Australia needs a trump, no corrupt goverment ministers like we have, if your the pm of a nation, take a polygram test, albo, at the debate let's see if they are saying the truth🤷‍♀️

[@ricky6864]

and money laundering overseas

[@AgostinoMacri-p7n]

Reckless more like it.

[@CitizenShane54-u2u]

Hamilton forgot to say the LNP imported millions of people since 2000 and John Howard said high house prices were a good thing. He also failed to mention the nine consecutive defecits the LNP managed to achieve and that most of the recent additional spending was directed at the NDIS to care for the disabled. Maybe Hamilton would prefer they be locked away in a room and forgotten. As for the housing crisis, the Abbott and Turnbull Governments did not even have a dedicated Minister for Housing which shows you how much they thought about the issue.

[@user-pi6cs3ue4s]

NDIS is broken. It was originally meant to cost 10 billion at maturity by 2030. People have kept adding to the program and costs have tripled. Its currently near 44 billion and expected to reach $125 billion. We need to be achieving double digit economic growth to afford the program. Maybe I just need a 15k NDIS holiday for social inclusion and metal wellbeing.

[@trevorwilliams7571]

I bet you super treasurer Jim won't believe any of this he might be able to bullshit to his kids but I hope the Australian people are awake to his crap

[@owendavies7452]

Magical Labor whilst blowing budgets and spending everywhere on Earth barring here. Logically a few mansions, luxury travel and Gold bricks in the bank and new roads to them. Is the very least they can do, to say, see we can do that.

[@pb9040]

Well done Australia

[@josephbartolovic8596]

I have bought a house for 36000 dollars, but economy was sensible 😂

[@BozoTheclown-cs9mk]

Hmmm, and which party has provided the most deficits, the LNP. Who is responsible for most of the national debt, the LNP. They spend like a drunken sailor at a brothel and Newscorp says nothing. Even worse we have nothing to show for their spending.

[@timmo8909y]

During the Liberal-National Coalition's last nine years in office (2013-2022), under Prime Ministers Tony Abbott, Malcolm Turnbull, and Scott Morrison, ZERO budget surpluses were delivered. LNP produced NINE YEARS of DEFICITS Under Prime Minister Anthony Albanese, the Labor government has delivered two consecutive budget surpluses: 2022-2023: A surplus of $22.1 billion, equivalent to 0.9% of Australia's GDP. 2023-2024: A surplus of $9.3 billion.

[@robertnicholson1409]

What do you expect from a Labor Government, particularly this one....... Australians never learn.

[@glennschadow-gw7qc]

So over politics couldn't care less these days .

[@belindared3389]

This is great. Some relief 😊

[@gerardpayne4402]

LNP cease pushing 1 agenda solution for the nation . Such opposition gaslighting makes ur job easier Grow a pair & address : - juvenile crime - illicit drug sales & addiction - parents with no accountability for teenage children’s crimes - immigration bias to Middle East & Africa - growth of public service - savings banks responsibility with cash deposits , home loans criteria , high fees & reduced services with humans . Tackle these issues & u will improve our nation Gerard

[@ludyann655]

I feel exactly the same

[@sikskyline08]

They should buy themselves a spine and make the ACCC do their job. At least it would have been our money well spent.

[@bungalallyO]

Spending borrowed money, over and above that raised by tax.

[@DJ-yj1vg]

The problem is that govt equate spending to investment. It's only an investment if there is a return on that investment (higher productivity, cheaper electricity, etc.). In Labor's case, most of the things they spend money on reap no rewards. So in fact it's a liability, commonly called waste. But they call it an "investment".

[@DavidLockett-x4b]

I am saving lot of money, and so I can't see why the government can't. Election coming soon, and then out they go, vote republican.

[@patrickhenry7721]

While you might have an incentive to save, the government does not.

[@thethinkingman9338]

Excessive government spending and excessive government immigration- the 2 primary causes of Australia’s cost of living crisis, housing crisis and the sole cause of inflation

[@michaelverkerk9449]

The country is on its knees it will take years to fix but won't happen until they realise renewable energy is only de industrialising this country making companies close up due to costs and move overseas. Expect Australia to be in a deep recession for many years to come.

[@MarkSmith-ym5td]

Garbage Excessive corporate profits and shipping those enormous profits off shore avoiding taxation is main reason for inflation. Wages in real terms have gone backwards.

[@perthgirl1012]

Wrong! That has always been the case. Inflation is caused by Government spending. Think Ukraine.

[@Waynothebrute]

@@perthgirl1012Hey Perth girl, How do you explain an inflation rate at above 6% LNP, and now ALP 2.1%. So you’re WRONG

[@claire6224]

Excessive government regulation and control are ruin corporate to day. Remember King Charles first speech like a dictator telling government to use marshal laws to control CEO by force to use green energy to the tackle climate change. Black Rock is the same trying to get government to use force on Corporate CEO the private sector. Bill Gate do the same. War on farmers This is all soccialist billionaire telling capitalist how to destroy their businesses and killing jobs for Climate Changeand green energy

[@MarkForbes-dr4ie]

Labor can't manage the economy never have never will vote them out

[@adamsmith-bq8ku]

Where was sky news when Morrison was throwing money around? Oh, that's right he was throwing it at Newscorp.

[@claire6224]

You forget to mention Covid lockdown around the world affecting the world economy. Morrison government save us we have a smooth lockdown while Europe under their socialist government went disastrous uncontrolled spending. Morrison spend billions on infrastructure road, tunnel and railway creating new jobs in all State and Territory you see still going on until to day something Labour keep promising but never deliver. “This will support the economy in two ways - byaccelerating construction activity and supporting jobs in the near term, and by reaping longer run productivity gains sooner. Morrison government put the money in the right place compare to labour government. Covid lockdown ruin it for the Morrison government spending billions on private businesses and employees to stay at home State Labours abuse the spend refuse to ease the lockdowncosting more billion and waste but NSWhas only 1 month lockdown VIC got 3 months or more lockdown. We Lucky we have Morrison government during Lockdown if it was Labour government the debt will have triples we will have been bankrupt today.

[@Waynothebrute]

Absolute Rubbish!

[@mike_au]

The economy is so weak inflation is faltering

[@industrial-steampunk]

No shit .....

[@damnationswarhead8005]

The 1st house?Still love you sky:)

[@bdawg3942]

You’ll all look silly when those 4000 beds end up coming….

[@sbalar9139]

Government spending will weaken au$. In couple years it will turn into Aussie yuan.

[@OriolAntonella]

Great content, as always! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?

[@pkd6369]

RBA = R.eal B.ad A.ustralia

[@daylegibson4367]

you have to spend money to make money

[@cherylkillion9535]

Bit late , everyone is already having destroyed Christmas.albanese shouldn’t have a Christmas just like the rest of us.

[@JohnnyUTAH1]

Thumbnail. Dutton been Angry and Bullying Labor Politicians. Not Nice

[@bornyesterday1895]

Labor remind me of the Chef from the old Muppet Show. Instead of throwing food around, theyre throwing other people's money...... 'doopa do dum da da dee'...... Every one gets some, EXCEPT Australian taxpayers.

[@bullshitstomper9417]

All Rayguns are putrid

[@Bribis-b1e]

This is AnAls style. He hopes we've noticed 😅😅😅😅

[@lovechineseforever9434]

SURE NO PSYCHIATRIST IN NSW

[@JamesYoung-g4m]

Albanese is ripe. He was at arrows last night