The Commonwealth has been extremely cruel to Centrelink recipients but there’s no suggestion that those who designed and implemented Robodebt will face any punishment. Yet lawyers who unwittingly cause distress to public officials when defending clients could face criminal charges.
Do the grandchildren really pay the debt? The problem with Scott Morrison’s plan for recovery, and MMT
The Government’s plan for economic recovery is wrong. Michael West investigates Modern Monetary Theory (MMT) and the false assumption that the national Budget is like the household budget, or a business. They are already creating new money while denying the proposition that creating new money will expand the economy; preferring to punish casual workers and Arts students, and pursue austerity instead.
The Coalition won the 2013 federal election beating their chest about Labor’s “debt and deficit”. Thanks to COVID-19, we’re unlikely to see a surplus in our lifetime or our children’s. But, let’s not forget that the current debt blow-out occurred well before the coronavirus impacted the economy. Alan Austin checks how Australia shapes up against other OECD countries.
Cutting government services to pay off government debt post the current pandemic is not a necessity but rather a political and ideological choice. History has shown that if we focus on full employment and the real economy, the budget will take care of itself....
Toll road behemoth Transurban pays no tax and controls 18 toll roads. How sustainable is this suite of tolling monopolies? Michael West investigates. Tollroad monopoly Transurban got itself in a spot of bother last week for jacking up its tolls during the misery of...
Before the coronavirus, property market pundits were tipping their usual, regulation, 10% rise in house prices. They have been quiet in recent days. Callum Foote reports on the impact of the virus on an already weak economy, racking up the present crisis against the...
The Probe Group, one of the Government’s “Robodebt” collectors, and whose executive team has ties to the Federal Treasurer and another federal minister, has seen its business prosper since the Coalition was elected in 2013.
The Government campaigned on a platform of surplus. “Superior economic management,” they claimed. Now, with the economy tanking, they are asking people to spend.
Yesterday, Scott Morrison said on announcing the election: "Labor cannot manage money". John Menadue who served as head of Department of Prime Minister and Cabinet under both Whitlam and Fraser governments disagrees. It's the Coalition, hidebound by an...
The explosion in government spending which suddenly ramped up last May will leave the incoming government buried in debt but worse, it will leave whoever wins the impending federal election tied to billions of dollars in spending commitments which never went to tender.
“A serious tax cheat” is how his biographer David Cay Johnston describes Donald Trump. Johnston reports on the New York Times investigation into the finances of the US president, revealing Trump has previously lost two income tax fraud trials.
Comparing the GDP numbers of New Zealand and Australia to try to make a point is a superficial comparison, writes Alan Austin. Treasurer Josh Frydenberg should also include employment and debt levels, exports and health outcomes, for starters.
Hefty cuts to JobSeeker and JobKeeper mean that Australia now faces a potentially more deadly epidemic than Covid-19. But it is largely avoidable, writes Michael Tanner.
Hard on the heels of its Westpac sting, Austrac is close to prosecuting Paypal for offences under the Anti-Money Laundering and Counter-Terrorism Financing laws. Michael West reports.
The Joint Strike Fighter has been plagued by problems since it was just a sketch on paper, when in 2002 John Howard jumped the gun and committed to buying them. But the F-35 still has its champions in Australia with some wanting to buy 200 to get ready for a war with China.