Australia’s worst modern Treasurer, Jim “Chicken” Chalmers, is palavering again:
“Our job in Australia is to make this not a lost decade, but a defining decade to modernise our economy and maximise our advantages,” Dr Chalmers told ABC Radio National on Wednesday.
“And that’s why we are deploying a textbook combination of cost of living relief to help people through difficult times, investing in a stronger economy in areas like skills and housing, the energy transformation, technology, the care economy and human capital.
“And it’s also why we’re getting the budget in much better nick so that we can confront this uncertainty in the world economy.”
Where is this “modernised” economy? It’s houses and holes all the way.
The Treasurer’s cost of living relief is woefully inadequate. It only targets his extraordinary screw-ups – rebates for his mishandling of Ukraine War energy profiteering and rents from his crazy immigration surge.
There is no new investment in skills or human capital—only an open border with India.
The housing shortage is getting worse and worse every day.
The budget has repaired itself via commodity prices and bracket creep.
Energy inflation remains paralysingly strong, though renewables are one area of good policy.
The Treasurer’s New Year economic strategy is to lie, then lie again, as he cements a lost decade of falling living standards in two years.
The ABS considers Australian real per capita household disposable income to be the critical measure of living standards.
It fell by 6% in the year to September, the most significant annual decline in the nation’s history:
Over the Albanese government’s term to date, real per capita household disposable incomes have fallen by a whopping 6.7% to be tracking 2011 levels:
Unlike Australia’s worst modern treasurer, the facts do not lie.
