Previously we examined the Treasurer’s opinion piece from the Fin Review with our progressive and modern monetary frame and now we examine the message contained within.
From that frame we learned the Treasurer at least admits we are not investing enough in childcare and perhaps schools.
The Government is currently reducing its ‘real spending growth’ thus is removing the real income effect from Australian households and businesses. This is a deliberate lowering of investment in Australians.
The treasurer recognises that unemployment statistics have fallen but fails to acknowledge underemployment statistics according to the Australian Burea of Statistics have grown. This is a sign that people desire to work but there is a lack of willingness of the current government to put Australians to work.
Many of the facts the Treasurer quotes are not in dispute but nor are they given in their full context.
The government has committed $1 billion to farmers and local drought-affected communities. This is only a small contribution of GDP to the economy. It doesn’t take into account…
Read more at Australian Real Progressives