Morrison: created 1.25 million jobs
FJ: No, that was in alignment with the general increase, and expected if the government did absolutely nothing. Last person to lower taxes to people was Julia Gillard.
Morrison: Invested in Infrastructure
FJ: halved the infrastructure spending and only targeted marginal seats
FJ: Cut 50 billion from the medical sectors
K: Since the government came to office the government has doubled debt
Morrison: We still have deficits, we no longer – for the first time in this year, in this budget we will no longer be in deficit.
FJ: False. The most optimistic projections still result in a deficit. The only reason the budget is closer to balance is an UNEXPECTED windfall tax collection.
K: Australia will go into recession under Labor
Morrison: The economy will be weaker under Labor than LNP.
FJ: Historically this has been exactly the opposite.
1983 Malcolm Fraser had an economy ranked 20th in the world
1996 Keating had an economy ranked 6th in the world
2007 Howard slipped the economy back to 10th in the world
Peak of global economic prosperity
2013 Gillard had the economy at #1 in the world
2015 Turnbull/Morrison set the economy to rank 34th – LAST in the OECD
Morrison: $200Billion dollars of new taxes on the economy
FJ: This was money that the LNP were giving away, taxes that rich property investors and corporations that the LNP just gave 200Billion as favours.
LNP’s own estimates suggest that tax cuts will deliver less than 0.1% to the economy.
While public spending creates 1% growth, which comes from taxes.
K: Labor were pretty good economic managers during the GFC, keeping us out of recession.
Morrison: that is when they poisoned our budget, drove us into debt
FJ: The third SMALLEST debt in the developed world.
Steiglitz acknowledged the Australian response was the best in the world.
Morrison: we avoided it because our banks were strong
FJ: the reason our banks were strong was because Labor’s four pillars.
K: Just quoting the economist in London
Morrison: No I don’t accept it.