Chanticleer
Inside the circus around our biggest IPO in years, two ASX stars implode and the number to end the Iran war
It's not a Labor thing.
Chanticleer
Inside the circus around our biggest IPO in years, two ASX stars implode and the number to end the Iran war
It's just about responsible spending and
Chanticleer
Inside the circus around our biggest IPO in years, two ASX stars implode and the number to end the Iran war
It's about running balanced budgets, surpluses in good times, borrowing funds from future generations by using debt and deficits in bad times.
Chanticleer
Inside the circus around our biggest IPO in years, two ASX stars implode and the number to end the Iran war
And the government's balance sheet, and that's your balance sheet and my balance sheet, James.
Chanticleer
Inside the circus around our biggest IPO in years, two ASX stars implode and the number to end the Iran war
We are that balance sheet.
Chanticleer
Inside the circus around our biggest IPO in years, two ASX stars implode and the number to end the Iran war
It shouldn't just be there to fund everyday items.
Chanticleer
Inside the circus around our biggest IPO in years, two ASX stars implode and the number to end the Iran war
And disability support, healthcare, intersection of both of these, which the NDIS is, that's an everyday item.
Chanticleer
Inside the circus around our biggest IPO in years, two ASX stars implode and the number to end the Iran war
So we've had deficits in 14 of the past 16 financial years for most years just to fund everyday spending.
Chanticleer
Inside the circus around our biggest IPO in years, two ASX stars implode and the number to end the Iran war
Now, the deficits we should be drawing on at times like COVID when we really need it to protect the economy.
Chanticleer
Inside the circus around our biggest IPO in years, two ASX stars implode and the number to end the Iran war
And if we want to have things like NDIS, that's great and it's incredibly worthy and everything.
Chanticleer
Inside the circus around our biggest IPO in years, two ASX stars implode and the number to end the Iran war
We've got to find room for it within the government's income receipts, not just borrowing from future generations to pay for services that are needed today.
Chanticleer
Inside the circus around our biggest IPO in years, two ASX stars implode and the number to end the Iran war
So it'd be nice if this was the start of a new era.
Chanticleer
Inside the circus around our biggest IPO in years, two ASX stars implode and the number to end the Iran war
And just smash society's expectations of the government handout.
Chanticleer
Inside the circus around our biggest IPO in years, two ASX stars implode and the number to end the Iran war
Start by putting that 20.6 cents a litre back on the petrol price tomorrow.
Chanticleer
Inside the circus around our biggest IPO in years, two ASX stars implode and the number to end the Iran war
I don't know what fuel's like in Melbourne, James, but it's back at $1.85 or so in Sydney today.
Chanticleer
Inside the circus around our biggest IPO in years, two ASX stars implode and the number to end the Iran war
Yeah, it's the same in Melbourne, Anthony.
Chanticleer
Inside the circus around our biggest IPO in years, two ASX stars implode and the number to end the Iran war
But I know that $1.85 only includes half the fuel excise.
Chanticleer
Inside the circus around our biggest IPO in years, two ASX stars implode and the number to end the Iran war
But really, James, it is not wartime pricing.
Chanticleer
Inside the circus around our biggest IPO in years, two ASX stars implode and the number to end the Iran war
And I'm not sure it's sending the right message to drivers that we need to be careful with our fuel because this is something that's scarce and we're struggling to get our hands on at the moment.
Chanticleer
Inside the circus around our biggest IPO in years, two ASX stars implode and the number to end the Iran war
We've got to get realistic about the budget.