Scott Morrison takes responsibility for Federal Government's $60 billion JobKeeper mistake

AnAl and GetUp!, drowning in a sea of irrelevance, are getting nasty and losing even more votes as Voters see them as trying to sabotage the recovery of Australia.




Labor 'hypocrisy' evident in Albanese’s 'attack' on Frydenberg over Treasury error
22/05/2020

“Labor need to back off a little bit” when it comes to firing shots at the Coalition for the reporting error which led Treasury to dramatically revise its projections for the JobKeeper program, according to Liberal Senator Gerard Rennick.


Liberal Senator Gerard Rennick

Treasury's revised estimate of the cost of the JobKeeper program is now just $70 billion which is $60 billion less than was originally forecasted.

Mr Rennick said unsurprisingly Opposition leader Anthony Albanese “had a go” at Josh Frydenberg over the Treasury mistake. 

“But I didn’t hear him have a crack at the health bureaucrats when they overestimated the number of people who were going to be in ICU by early April”. 

“We went and shut down the country on the basis of that advice,” which led to mass unemployment whereas the Treasury mistake can only have a positive outcome for the taxpayer, Mr Rennick told Sky News host Gary Hardgrave.

https://www.skynews.com.au/details/_6158529472001

Ignored and forgotten nobody AnAl is desperately trying to get noticed.


The Labor Party are devoid of ANY fiscal ability. They are firmly of the opinion that we can all just go out and print more money, without ever having the funds to back it up.
Bearing in mind it is all borrowed money. This isn't a cunning kit full of cash.

It is good that it was over estimated . Why 
1. ALP usually underestimate and we then get budget blowout.. better to over and claw back than be under and have a blow out 2. Obviously we are in a better shape economically than predicated at the onslaught and that means a faster recovery 
3. Now with some extra cash, the government can chime in and help tourism or dairy farmers or or or who have needs during this time. 
ALP are always useless managing money and now they are pointing fingers.. Penny needs to remember the waste on money spent on pink bats, laptops and buildings... that was a huge waste and blowout also... cost lives sadly.

It's ironic that if Albo had been PM it would have been just the same. Poor little "each way Albo" is starving of oxygen and trying to create a fire..

It is laughable the way Labor are going on, and actually destroys any fiscal knowledge they might be trying to project. It's not money we have in our wallet. It is a loan we haven't drawn down because we don't need to. Thank God they are not paying my mortgage.

Didn’t the ALP underestimate that “fine“ policy of Pink Bats, so much so that they had to cancel the program because they ran out of money saving Australia from the GFC. Then they underestimated the cost of those wonderful computers which were never big enough to handle the work, and were never supplied to everyone because the money ran out. 

And don’t even start on the NBN!!

Also remember Labor built school halls and libraries in schools when they didn't need or want them. What about the four young men who lost their lives during the madness that was the 'pink batts'. How dare they even bring up this miscalculation that happens to be on the side of the taxpayers for once. These people are king sized hypocrites.

 It's a bit of a joke that the Labor party (Australia's new Communist Party) are saying things like the JobKeeker budget mistake was so massive that it could have been seen from outer space !!! If so. Why is that they didn't see it sooner ?????

Quote :

“The problem with socialism is that you eventually run out of other people's money.”

―  Margaret Thatcher

ScoMo tells this nasty sarcastic rather ineffective boring Malasian import to go jump in her Simmering Socialist Soup.

https://www.theguardian.com/australia-news/2020/may/24/labor-calls-on-josh-frydenberg-to-front-covid-19-inquiry-to-explain-jobkeeper-60bn-black-hole


This wonky sort order is like a Socialist's mind - all scrambled.

Scott Morrison takes responsibility for Federal Government's $60 billion JobKeeper mistake

Prime Minister Scott Morrison has taken responsibility for a $60 billion JobKeeper miscalculation but dubbed an effort to demand answers from the Treasurer a political stunt.
The Opposition earlier on Sunday confirmed a Labor-led coronavirus parliamentary committee would seek to compel Treasurer Josh Frydenberg to explain how the Federal Government overestimated the JobKeeper wage subsidy program by $60 billion.
The Government had said more than 6 million workers would receive its $1,500 fortnightly wage subsidy but on Friday it was forced to concede it would only cover about half that number.
"So sure, the estimate was overstated and the process with the [Australian] Taxation Office to keep us updated on that had a flaw in it," Mr Morrison said on Sunday.
"We acknowledge that, I acknowledge that and ultimately I have to take responsibility for those things.
"But what it means is Australians won't have to borrow as much money. This is not money that is sitting in the bank somewhere, this $60 billion, that is all money that would have otherwise had to be borrowed."
Mr Morrison said the Treasurer called him on Thursday night to tell him about the mistake.
Opposition Senate Leader Penny Wong said a COVID-19 committee examining Government measures in response to the coronavirus wanted to quiz the Treasurer about the mistake revealed on Friday.
"Josh Frydenberg hasn't fronted up and taken responsibility," she told Insiders.
"He should do that and we will give him the opportunity.
"The chair of the Senate Committee into the COVID-19 response of the Government, Senator [Katy] Gallagher, will call Josh Frydenberg to give evidence at that committee and what I would say to Josh: 'This is your opportunity to front up and explain $60 billion blunder to the Parliament and to the Australian people'."
The JobKeeper program was initially costed at $130 billion, making it the single biggest piece of Government spending in Australian history.
On Friday, the Treasury Department and Australian Tax Office revised that to 3 million workers, blaming businesses for making "significant errors" in their applications.
The estimated cost of the program has been nearly halved from $130 billion to about $70 billion.

https://www.abc.net.au/news/2020-05-24/coronavirus-jobkeeper-wage-subsidy-josh-frydenberg-60-billion/12280716