{"id":4646,"date":"2019-12-17T02:19:41","date_gmt":"2019-12-17T02:19:41","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=4646"},"modified":"2019-12-17T02:19:41","modified_gmt":"2019-12-17T02:19:41","slug":"myefo-do-nothing-government-dreaming-of-ever-higher-house-prices","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2019\/12\/17\/myefo-do-nothing-government-dreaming-of-ever-higher-house-prices\/","title":{"rendered":"MYEFO: Do nothing government dreaming of ever higher house prices"},"content":{"rendered":"

Greens\u2019 Treasury spokesperson, Senator Peter Whish-Wilson, responded today to the release of the Mid-Year Economic Forecast and Outlook (MYEFO).
\n\u201cToday\u2019s MYEFO has confirmed that Scott Morrison is not interested in governing.
\n\u201cIn the face of unheralded economic conditions and a climate emergency, the government is running idle.
\n\u201cInterest rates are at record lows. Wages, productivity and spending are all in a slump. The enormity of the climate crisis is dawning on the nation.
\n\u201cSo what does the government offer up? A hope that house prices will return to their record highs.
\n\u201cProperty speculation, not productive investment: that\u2019s the mantra of the Property Council PM.
\n\u201cThe bringing forward of $4.2 billion in infrastructure spending is scraps off the edge of the table. Non-defence capital spending is still in decline over the forwards estimates. And the government is still paying down debt when what we actually need is government to invest in job creating infrastructure.
\n\u201cThis government wants households to take on more debt while it takes on less debt.
\n\u201cThis economic pigheadedness is distorting the whole economy, making housing less affordable, and leaving us more exposed to the climate emergency.
\n\u201cThe Greens have put together 5-point stimulus plan to kick-start the economy and to act on the existential crisis that is climate change.
\nThe Greens Stimulus Package would:<\/p>\n

    \n
  1. Accelerate and expand the pipeline of green infrastructure investment in electricity generation, transmission and storage, energy efficient public housing and public transport.<\/li>\n
  2. Create thousands of jobs to protect and restore Australia\u2019s flora, fauna, land and sea.<\/li>\n
  3. Remove the Commonwealth public sector wage cap and commit to lifting wages by 4% per annum.<\/li>\n
  4. Immediately increase Newstart and Youth Allowance payments by at least $75 a week.<\/li>\n
  5. Unleash private sector wage growth by legislating to reverse the cuts to penalty rates and peg the minimum wage to 60% of the median full-time wage.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    Greens\u2019 Treasury spokesperson, Senator Peter Whish-Wilson, responded today to the release of the Mid-Year Economic Forecast and Outlook (MYEFO). \u201cToday\u2019s MYEFO has confirmed that Scott Morrison is not interested in governing. \u201cIn the face of unheralded economic conditions and a climate emergency, the government is running idle. \u201cInterest rates are at record lows. Wages, productivity … Continue reading “MYEFO: Do nothing government dreaming of ever higher house prices”<\/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-4646","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\/4646","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=4646"}],"version-history":[{"count":0,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/4646\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=4646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=4646"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=4646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}