Chalmers is suppose to be the ALP's best spinner. Some say his IQ peaks at 115.
His days are numbered if he doesn't stop letting the cat out of the bag.
Anyone notice how the shills at the ABC rushed in Albo to clean up his CGT slip and a slip it was. 20 minutes is all it took. It must have been all hands on deck as they desperately sought their paymaster.
Albo's denial counts as a lie btw.
Update on our national debt.
"The Budget projects that the Commonwealth government’s gross debt will be around $963 billion at 30 June 2022. This is around 45.1% of GDP. It is projected to increase to $1,199 billion—around 50% of GDP—by 30 June 2025 (Budget Strategy and Outlook: Budget Paper No.1: 2021–2022, Table 11.5,p. 366–7).
Net debt is expected to be $729 billion—or 34.2% of GDP—at 30 June 2022 and peak at $981 billion or 40.9% of GDP in 2024–25 (Table 11.4, p. 364–5). Net debt is then projected to fall over the medium term to 37% of GDP at 30 June 2032 (p. 203).
Australia’s forecast debt levels are slightly lower than what was projected in the 2020–21 Budget, which forecast gross debt to reach $1,138 billion by 30 June 2024, compared to $1,134 billion for the same period, in this Budget."
https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/rp/BudgetReview202So Chalmers plans to take our net debt from $729 billion to $981 billion by 2024/25
There you go. An increase of $252 billion in a few years. No covid and no GST. The dope has no excuse to not balance the budget.
