“And of course, it’s not just in isolation, people are now going to pay 23 cents a litre more for their petrol, energy prices under this government continue to go up and up,” Mr Dutton told Sky News host Chris Kenny.
“And the whole basket of the cost of living pressures really becomes a very expensive reality for families.”
And Duttons solution to rising interest rates is to promote 3rd stage tax cuts to add fuel to the fire and the LNP debt pile
Debt that PeterDutton_MP encouraged. My kids have no hope of ever owning a home like dutts. Who got parent help at 19. I would have to gift my kids 100000 just for deposit in retirement village of gympie
It’s better than allowing inflation to run riot and lead us into a currency crisis!!! That’s where we’re headed unless we go into recession. I’d much much rather a brief recession than destruction of our currency…
Ever heard of Economic Darwinism?
bit rich from him previous gov encouraged people to get into debt and lots of it too
A true leader would take some responsibility rather than blame their opponents
Just a thought, but perhaps we shouldn't have encouraged (or allowed) borrowers to take on so much debt - as clearly it is too much debt if they are suffering from rate rises (if it wasn't too much debt rate rises would be water off a ducks back to them).
No one were forced to take on debt. They don't need comfort. They need a hard dose of reality.
When are you going to report on the flip side of that coin? Those that have been saving are now getting fingered again by the RBA crushing our currency with ridiculous low rates
Replace 'those carrying a lot of debt' with 'bag holders who made imprudent decisions'
What about the vast majority who are having their savings eroded ?
Don't carry a lot of debt then?
And a middle finger to those that aren’t
What a Dumb observation. Duh!
A wise decision, this rate rises plus the last 2 will hit the economy post Christmas shopping period. Business activities with become very subdue then But that's the prelude to rates coming down steadily over 2023..the slowdown we will have to have