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Anthony Macdonald

πŸ‘€ Speaker
1215 total appearances

Appearances Over Time

Podcast Appearances

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.