House debates

Wednesday, 29 March 2017

Matters of Public Importance

Economy

3:33 pm

Photo of Jim ChalmersJim Chalmers (Rankin, Australian Labor Party, Shadow Parliamentary Secretary to the Leader of the Opposition) Share this | Hansard source

That was another contribution, just like in question time, that does not mention the fact that the deficit under that mob opposite has tripled since their first budget and does not mention a blowout in net debt of more than $100 billion. There was nothing about the consequences of that incompetence for Australia's AAA credit rating and what that means for mortgage repayments and confidence in our economy. We had another question time and another daily display of that rare combination that they have on that side of the House—of swaggering arrogance and staggering incompetence. It was another question time with them pretending that somebody else is in charge and pretending that they can have the power and ego of those jobs without the leadership or the responsibility, or taking responsibility for what has happened to the budget under their watch. It was another question time that showed that those opposite are not just out of touch; they are from another planet.

All you need to know about this government is that, under this government, there are tax cuts for the top end and there are pay cuts for workers in the electorates that we are so proud, on this side of the House, to represent. Let's just consider some of the choices that are being made over there. They have chosen to keep a deficit levy that gives a millionaire a tax cut; at the same time, they have chosen to cut family tax benefits.

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