House debates

Tuesday, 26 November 2024

Matters of Public Importance

Economy

4:12 pm

Photo of Garth HamiltonGarth Hamilton (Groom, Liberal National Party) Share this | Hansard source

It's a double whammy—fantastic! Energy prices have increased by 30 per cent: remade capitalism. Enjoy that one. The highest immigration ever in the middle of a housing crisis: remade capitalism. I thank the Treasurer on behalf of my kids for the world that has been created for them.

Here we are with the best bit of the whole lot. This is the one that's really going to hurt: the soft landing that we were promised. We were promised that all of this was worthwhile because of the soft landing. I will read the headline of today's AFR article by Michael Read: 'Chalmers presides over $49b budget slump, biggest outside the pandemic'. This is the worst turnaround in a budget ever. We got two surpluses and then we read in the budget papers hidden away in the details that we won't return to a structural surplus until 2035. Who sells you two surpluses for 10 years of deficit? That's remade capitalism. We're not here by accident. We're here at the direction of our Treasurer and his 6,000 word treatise on how to treat a nation with disdain.

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