You bet it is, and here's why
Four-time Walkley Award winning political commentator and Churchill Fellow, has returned to the fray over concern that the integrity of news dissemination is continually being threatened by a partisan media.
The Australia Institute, which is given SKY air time well beyond its station, has made an art form of spewing misinformation. Despite the fact that this “institute” is no more than a radical Canberran Left-wing think-tank, media is projecting it as a coterie of knowledgeable intellectuals. It most certainly is not!
Its director, Richard Denniss (pictured) is a former adviser to the Greens’ Bob Brown and a committed global warming nutter.
An example of this “institute’s” deliberate deception is its published graph of 36 developed nations’ debt showing Australia’s debt as the third lowest. Bloody hell! That’s tantamount to saying Australia’s debt is higher than Tonga’s.
A nation’s debt makes no comparable sense at all unless it is linked to that nation’s gross domestic product (GDP), otherwise you are comparing apples to kumquats.
Yet the media is giving inordinate air time to pasty complexioned, Left-wing ideologues, in crumpled open-necked shirts and grey suit coats, who are determined to convince the economically naive that Australia has no debt problem.
Australia has lower public debt than that of the US and China? Of course it bloody does, you deceptive little toad!
For Australia to remain the lucky country it needs government with foresight. Costello and Howard understood the precarious nature of Australia’s economic base following savage tariff reductions and free trade agreements.
They knew we could never afford to value-add to our minerals. They knew the car industry would be unsustainable in future. They knew unions’ EBAs would make our labour uncompetitive against the might of Asian manufacturing giants.
They also knew we would be almost entirely reliant on ore and minerals (you know, those holes in the ground that the Greens want filled in) for a strong future economy.
Our budget emergency is real because if China sneezes Australia gets pneumonia and China will sneeze eventually. If Australia is in debt to its current extent when that happens, we become another Grecian pauper. There will be no way out of it, we no longer have a diversified export economy yet we rely on diversified imports.
Our current trade account is always in deficit. Add to that our addiction to entitlement and a quickly aging population that relies on an outdated Medicare and we will be in deep excreta if our spending isn’t contained and our debt isn’t reduced.
We must not return to the Whitlam era of printing millions and borrowing from Khemlanis.
If we can arrive at a budget surplus and public debt is brought under control we will survive as a lucky country when China sneezes.
When China stops sneezing we will blossom and bloom as an example to others who drowned in the socialist vortex of entitlement.
Discard the advice of those who made the mess. Ignore Left-infected media advice.
Be not a moth, look through the dark for where the truth lies... not where Labor's light on the hill shines brightest.