House debates

Wednesday, 16 February 2022

Bills

Appropriation Bill (No. 3) 2021-2022, Appropriation Bill (No. 4) 2021-2022; Second Reading

4:29 pm

Photo of Julian HillJulian Hill (Bruce, Australian Labor Party) Share this | Hansard source

Sorry, that's you, yes.

The DEPUTY SPEAKER: Don't get carried away. Is leave granted?

Leave not granted.

What a surprise! Before the election, of course, they're pretending that there is no problem, but after the election you can bet your house they'll try making massive spending cuts to the NDIS, to health and to aged care, because the reality is that the only way out of their mess is growth. Yes, you can trim their rorts and waste, but the only way to pay off this multigenerational debt will be to grow the pie, to shrink the debt-to-GDP ratio. So how's that gone? Under the Liberals, economic growth slowed, with average annual GDP growth lower than every decade since the Great Depression in the 1930s. That's their record. They release these optimistic budget forecasts, like we see here, every six months, and they're rubbish. They turn out to be garbage. It's just stuff they make up to put in the budget and kick the problem down the road.

Growth is anaemic under this mob. Last September they were saying: 'We got 0.7 per cent growth. How good is that?' In the UK, where they vaccinated their population properly, they got four per cent. They turned a health crisis into an economic crisis. They do not deserve another decade in office.

Comments

No comments