Peter Costello has warned Treasurer Josh Frydenberg that record federal government spending cannot continue and there needs to be structural reform to both grow the economy and repair the budget.
Multiple sources who attended the event, which has been running for 27 years, said Mr Costello welcomed major programs introduced during the pandemic such as the $90 billion JobKeeper wage subsidy scheme but said some policies did not work and further spending was not required. Mr Costello criticised the super increases, arguing they would not help boost wages growth, which was sluggish even before the pandemic, and likened the super industry to a crocodile that would eventually bite back, said the sources, who declined to be named as the event was held under the Chatham House Rule. The breakfast featured a panel with the University of Melbourne’s Judith Sloan, who is a columnist for, member for Higgins Katie Allen, Mr Costello and Mr Frydenberg.
Costello speaking from experience.
Costello was the best treasurer, Australia was in surplus with him in charge.
I wonder if Costello doesn't have the ticker to tell Joshy-Boy to his face so he is using the media network he manages to say it to him?
Australia's worst federal treasurer says what?
Taking advice from Costello on over spending. Good grief.
What a fucking dullard. If only every treasurer could have the benefit of a booming global economy, selling off every public asset they could and making “structural” changes which had short term electoral gains but long term multi generational pain
This government is like a parent trying to bribe an unhappy toddler to do something they don’t want to do. “If you get into the car you can have a lolly” except in our case they want to keep in government and keep the rorts going. If we fall for it there will be no lolly.
Doesn't that mean Joshy is incompetent?
Fairfax boss has article written about how he is still the governments boss.
The LNP govt knows it will not be returned so they are ensuring that ALP in govt gets attacked/accused of that which they have perpetrated. These Mafia Criminals belong behind bars for the rest of their meaningless lives.
Back in the Red Frydenberg just another failed Liberal Politician
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