Labor’s spending left the RBA with no option

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In 2025, the Treasurer said rising private sector demand would see a reduction in public sector demand.

Since Labor took office in 2022, federal spending has grown faster than the economy. The 2025 budget projected a $42.1 billion deficit, with gross debt approaching $1 trillion and spending as a share of GDP heading toward 26.9 per cent. Both the Parliamentary Budget Office and Treasury have identified Labor’s policy decisions as the main driver of a significant deterioration in the medium-term budget position. When government pumps extra demand into the economy without corresponding supply-side gains, inflation becomes harder to tame.

In the Unfiltered newsletter, Alexandra Marshall wrote:
It’s hard to imagine an election where a Treasurer like Jim Chalmers walks away with his seat, let alone his appointment, intact. Is he the worst Treasurer this country has ever seen? There’s a debate about that online. One thing is for sure, as Michael de Percy writes of the latest rate hike, he’ll be unable to side-step the criticism. Everyone is hurting. People are being tipped over the edge of financial ruin. This is not the Australia of people’s dreams.
My latest in The Spectator Australia, Labor’s spending left the RBA with no option.

What did I miss? Australia’s political week in fast forward

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Reality’s got a habit of punching you in the face. Only now it’s got a diesel price tag attached.

Ah, the lucky country… While we try to bring you the week in fast forward, Labor was hell-bent on putting their policy goals in reverse.

I get in trouble if I miss my mark backing the truck into a loading dock. Big trouble. When Labor dings the side of our country on a brick wall or knocks over a sacred cultural statue, there is zero accountability. Jim Chalmers should try using his mirrors once in a while before he hits something that tears the wheels off.

And it was a big week for damages.

Housing? Going backwards. Debt? $1 trillion next financial year. Immigration? Doors are open. Productivity? Stalled. Interest rates and inflation? About to take another bite. And while Trump puts in a support call for allies, we skulk away like cowards.

These failures are repackaged as positives instead of accidental damage accumulated by an L-driver.

My latest in The Spectator Australia, What did I miss? Australia’s political week in fast forward.

About to vomit out the Left

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We sucked it up like John Coffey in The Green Mile, taking in what the elites forced down our throats.

The left has once again proven what it always proves. Socialism doesn’t work.

They’ve run out of other people’s money, they’ve run out of ideas, and now we’ve literally run out of fuel. The experiment is over. The bills have arrived. And the Australian voting public has had enough.

For years we were told to keep swallowing it.

Higher taxes, open borders, endless spending, performative rituals, and a foreign policy with a soft-touch on terrorist regimes while doing little for our own diggers.

We sucked it up like John Coffey in The Green Mile, taking in every ounce of the sickness the elites forced down our throats. Now the public is about to spew the whole rotten mess back into the æther.

My latest in The Spectator Australia, About to vomit out the Left.

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