Peter Dutton continues (and Grogs continues to annotate)

“In his fourth Budget – like the previous three – the Treasurer again painted a rosy picture of the economy.

But Australians aren’t stupid.

Your bills tell the true story of Labor’s cost-of-living crisis.

And here’s the facts of the Albanese Government’s economic legacy:

Rents are up 18 per cent.

Housing is up 14 per cent.

Groceries are up 30 per cent.

Electricity is up 32 per cent.

Insurance is up 35 per cent.

Australians have experienced the longest household recession – and the worst collapse in living standards – on record.

Interest rates have gone up 12 times – with only one cut – and stayed higher for longer compared to similar economies. [And yet they went up by less than other countries – right now the RBA has the cash rate at 4.1% that is lower the in the US (4.25%-4.5%) and the UK (4.5%)]

Labor was only able to deliver two surpluses by piggybacking off the former Coalition Government’s strong economic management – as well as record commodity price windfalls. [lulz. Surpluses have NOTHING to do with what happened the year before. Sure record commodity prices helped, but so did a one in a hundred year’s mining boom help John Howard have surpluses. As an aside quite hilariously in today’s The Australia they had a chart that suggested the 2023-24 surplus was a LNP surplus!]

And now, the outlook is one of deficits as far as the eye can see. [In the March 2022 budget handed down by Josh Frydenberg before the 2022 election it forecast *gasp* deficits as far as the eye can see. How far is that exactly, anyway? I need glasses, so I actually can’t see that far. Anyway, that budget the govt predicted a budget deficit in 2025-26 of 1.6% of GDP. In Tuesday’s budget, Jim Chalmers predicted a deficit of 2025-26 of 1.5% of GDP]“