06 February 2009 in Jamie’s View
The Coalition is not opposed to responsible stimulus packages.
What we do oppose is reckless handouts, panicked decision making, record national debt and high unemployment.
The Coalition has stood up for the millions of Australian taxpayers who are deeply concerned by the Rudd Government’s actions.
Make no mistake, this poorly considered and rushed $42 billion package will saddle our children and future generations with unparalleled debt, and what’s worse Mr Rudd doesn’t want to stop, he is preparing to take the nation into $200 billion debt or $9,500 onto every Australians credit card.
Somebody has to stand up for the future generations.
The Rudd government admits Australia’s unemployment rate will reach 800,000 or 7% of the workforce and Mr Rudd says there is no guarantee his plan will work. Labor’s rhetoric now talks about “supporting jobs” not creating them.
There is no evidence the pre Christmas cash splash created one extra job.
The Coalition believes bringing forward tax cuts would be a greater help to Australians battling the current crisis. We support spending on schools but remain firmly opposed to the extraordinary levels of debt Mr Rudd plans to take us into.
History shows us that governments can not fix an economic crisis, but they can make it worse. This package spends too much money for not enough return and is dangerous for our future.
The Coalition won’t rule out supporting further packages in the future but they would have to be better thought out than this one.