CLANCY OVERELL | Editor | CONTACT
Australian Treasurer Jim Chalmers has this week confirmed that his government has overseen the first back-to-back federal budget surplus in over 15 years.
This news brings with it hope that the end might be in sight for the cruel economic conditions that Australians have been white-knuckling through.
It also comes as a surprise given the many billions of dollars our country is handcuffed into giving America in exchange for 6 or 7 soon to be outdated submarines that will last 15 seconds up against the might of the Chinese military.
The Treasurer yesterday announced a $15.8 billion budget surplus in a final economic update for the previous financial year, in his government’s 3rd year in power.
While the Treasurer says “This is a powerful demonstration of our responsible economic management” – Australia’s media pundits beg to differ.
Commentators from Peter Costello’s Nine Newspapers and Rupert Murdoch’s NewsCorp say that these unexpected economic improvements are nothing more than a testament to the genius of Scott Morrison, the greatest Prime Minister that Australia has ever taken for granted.
These are the nuances of Australia’s economy that the unwashed voters need media experts to explain to them.
Namely, the fact that Prime Minister Anthony Albanese and Treasurer Jim Chalmers should be thankful that their government was lucky enough to take the reins after Scott Morrison and his cabinet – which was stacked full of once-in-a-generation political talent.
Morrison’s masterful handling of the pandemic response, and his creative trilateral military pact with Boris Johnson and Donald Trump are the real reason Australia is in such a strong economic position in such uncertain times.
The fact that Labor has also delivered an inflation decrease (from 3.5 per cent in July to 2.7 per cent in August) is also testament to Morrison’s unimpeachable legacy, according to these same networks.
In fact, the media is now reporting that things are so surprisingly good under Labor that Australians should be worried about the luck running out – and should seriously consider electing Peter Dutton. Another equally astute economic mind who definitely won’t touch negative gearing or take away any tax cuts for billionaires.
