PM can flee energy modelling, but not the mess it’s left
If we were only interested in affordable and reliable electricity, we would’ve stuck with coal and replaced the ageing plants with high-efficiency, low-emissions plants.
If we were only interested in affordable and reliable electricity, we would’ve stuck with coal and replaced the ageing plants with high-efficiency, low-emissions plants.
While there is a small degree of relief, there is no real reform and absolutely no repair.
The danger is these relief measures can get out of hand, blowing up the budget and being counter-productive.
The estimates on gross debt are alarming. Recall the days when Chalmers would tease then treasurer Josh Frydenberg about reaching $1 trillion in debt. This year’s budget predicts this figure will now be reached under Chalmers’s watch.
Sadly, both sides of politics have been captured by pro-immigration lobby groups; property developers, universities, big business, the bureaucracy, some ethnic groups and show little inclination to significantly reduce migrant intakes.
Jim Chalmers has perfected the art of protecting his backside. He has excuses for everything that has gone awry while attributing good news to ‘responsible economic management’.
While imposing disproportionate compliance costs on companies, it’s unclear what the Workplace Gender Equality Agency has ever achieved apart from pushing unproven propositions about the importance of narrowing the gender pay gap.
Trade wars – and this is what seems to be developing – always lead to economic dislocation and higher prices. It’s not clear that there are any winners, including the country firing the starting gun.
Very little attention is now paid to the trade-offs inherent in government spending. If it looks like a political winner, this is generally considered to provide a green light to proceed.
The economy is still travelling below trend and the most important message in these national accounts is the continuing decline in productivity.
Original URL: https://www.theaustralian.com.au/author/judith-sloan/page/4