Labor & Liberal both ignore Australia’s mounting debt
Michael is joined by Chris Kenny, The Australian Newspaper’s Associate editor (national affairs) & Sky News host of the Kenny Report, about what he calls the central failure of this election campaign with neither side addressing Australia’s mounting debt.
Mr Kenny points out, ‘What is worse is that the promises from both major parties, and most of the minors, will only compound our problems.’
‘Government programs and expenditure are overwhelming our economy and our society. The interventions and spending have rapidly reached the highest levels since the war; and we pretend this is sustainable.’
‘For every problem, real or perceived, every grievance, every gripe and every itch that needs to be scratched, we see the offer of a government solution. Labor is worse, to be sure, but the Coalition too, has been sucked ever deeper down this cul-de-sac.’
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