{"id":27320,"date":"2024-06-19T19:22:52","date_gmt":"2024-06-19T19:22:52","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=27320"},"modified":"2024-06-19T19:22:52","modified_gmt":"2024-06-19T19:22:52","slug":"nothing-soft-about-labors-cost-of-living-squeeze","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2024\/06\/19\/nothing-soft-about-labors-cost-of-living-squeeze\/","title":{"rendered":"Nothing soft about Labor’s cost of living squeeze"},"content":{"rendered":"\n

The Treasurer\u2019s five-point plan to avoid recession is just the latest piece of spin from a government with no solutions to Australia\u2019s economic challenges.<\/p>\n\n\n\n

Australia is already in a GDP per capita, productivity, and consumer confidence recession after two years of Labor\u2019s failed economic management.<\/p>\n\n\n\n

For struggling Australian families and small businesses, there is nothing \u2018soft\u2019 about the Treasurer\u2019s \u2018carefully calibrated\u2019 plan to let interest rates and inflation run for longer.<\/p>\n\n\n\n

In reality, Labor is presiding over a five-step plan to squeeze Australian households:<\/p>\n\n\n\n

  1. Taking $60 billion from family budgets to bolster its own through deliberate bracket creep;<\/li>
  2. Fuelling higher rates and higher inflation by adding $315 billion of spending;<\/li>
  3. Making the structural deficit worse by increasing spending by $4 for every $1 raised in the latest budget;<\/li>
  4. Losing control of migration and energy policy, making it harder to afford a house and harder to keep the lights on;<\/li>
  5. Smashing small businesses with more red tape, more taxes, and bad workplace laws.<\/li><\/ol>\n\n\n\n

    Because of the Albanese Labor Government\u2019s bad policies, Australians are facing higher prices, higher taxes and higher mortgage repayments for longer.<\/p>\n\n\n\n

    Hardworking Australians are paying a very high price for a Labor government that can\u2019t manage money.<\/p>\n\n\n\n

    Shadow Treasurer Angus Taylor said Australia is facing a deadly combination of high inflation and household recession.<\/p>\n\n\n\n

    \u201cNothing can hide the fact that Jim Chalmers and Anthony Albanese have smashed our economy.<\/p>\n\n\n\n

    \u201cAs I have said for a while, and as independent economist Steven Hamilton today writes, Jim Chalmers is a doctor of spin, not of economics.<\/p>\n\n\n\n

    \u201cThe Treasurer likes to create the illusion that he understands what the economy needs. But his actions prove otherwise.<\/p>\n\n\n\n

    \u201cEconomist after economist has been clear, more spending will lead to higher inflation.<\/p>\n\n\n\n

    \u201cLabor has added $315 billion in spending since the last election \u2013 that\u2019s more than $30,000 for every Australian household. Most Australian families don\u2019t feel like they\u2019re getting value for money on that extra spending.<\/p>\n\n\n\n

    \u201cThe RBA has its foot firmly on the brake, the Albanese Labor Government continues to slam the accelerator.<\/p>\n\n\n\n

    \u201cAustralian households are struggling under the weight of Labor\u2019s economic mismanagement. Sadly, this government is completely out of touch with reality.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

    The Treasurer\u2019s five-point plan to avoid recession is just the latest piece of spin from a government with no solutions to Australia\u2019s economic challenges. Australia is already in a GDP per capita, productivity, and consumer confidence recession after two years of Labor\u2019s failed economic management. For struggling Australian families and small businesses, there is nothing … Continue reading “Nothing soft about Labor’s cost of living squeeze”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-27320","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/27320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=27320"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/27320\/revisions"}],"predecessor-version":[{"id":27321,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/27320\/revisions\/27321"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=27320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=27320"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=27320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}