Today\u2019s budget update has shown the enormous cost of another three years of Labor.<\/p>\n\n\n\n
Australians are suffering through the worst collapse in living standards on record and we\u2019ve had 7 consecutive quarters of a family recession.<\/p>\n\n\n\n
There is nothing in this budget update that will restore what has been lost under Labor.<\/p>\n\n\n\n
There is no light at the end of the tunnel for Australia in today\u2019s budget update.<\/p>\n\n\n\n
Labor has turned a $15.8 billion surplus into $143 billion of deficits, with no plan to return the budget to balance for a decade.<\/p>\n\n\n\n
Today\u2019s statement shows Labor is the biggest spending government outside of wartime or a global crisis.<\/p>\n\n\n\n
At a time when inflation is still too high, Jim Chalmers and Anthony Albanese have added an additional $347 billion in spending since the election.<\/p>\n\n\n\n
Labor is spending $12 for every $1 saved, just in this budget update.<\/p>\n\n\n\n
This will mean higher debt, higher taxes, higher inflation, and higher interest rates for longer.<\/p>\n\n\n\n
There is now $233 billion of red ink in our nation\u2019s finances over the next four years, with rising debt, and higher interest payments on that debt.<\/p>\n\n\n\n
Also in this update, we\u2019ve seen new migration figures. They show Labor has completely failed to manage immigration in this country.<\/p>\n\n\n\n
One person is arriving to live in Australia every 46 seconds.<\/p>\n\n\n\n
There\u2019s been 1.3 million migrants during this term of Parliament, 700,000 more than expected at the election due to Labor\u2019s mismanagement.<\/p>\n\n\n\n
If Labor gets another term, migration will hit 2 million in total with no plan for housing and infrastructure.<\/p>\n\n\n\n
What we have seen today is that the picture for another three years of Labor is a painful disaster for Australians.<\/p>\n\n\n\n
And Labor takes no responsibility for its economic and fiscal mismanagement \u2013 every day it has yet another person to blame and yet another excuse.<\/p>\n\n\n\n
The only thing Jim Chalmers does more than spin is spend.<\/p>\n\n\n\n
Australians simply can\u2019t afford another three years of Labor.<\/p>\n","protected":false},"excerpt":{"rendered":"
Today\u2019s budget update has shown the enormous cost of another three years of Labor. Australians are suffering through the worst collapse in living standards on record and we\u2019ve had 7 consecutive quarters of a family recession. There is nothing in this budget update that will restore what has been lost under Labor. There is no … Continue reading “Australians cannot afford three more years of Labor”<\/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-30716","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\/30716","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=30716"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/30716\/revisions"}],"predecessor-version":[{"id":30717,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/30716\/revisions\/30717"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=30716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=30716"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=30716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}