Paul,

Pot kettle black. You are accusing me of doing exactly what you did.

Energy policy is largely the remit of the states and most Labor states have cocked it up.

Labor inherited zero net debt and a surplus of $90bn. It was chucked out of government after 6 years of wasteful spending leaving a debt of nearly $300bn and a raft of expensive and unbudgeted programs.

From 2013 to 2022 Labor opposed and blocked almost every single spending cut and during covid agitated for increased spending. There is no way Labor can distance itself from any debt.

Now Labor is in power and once again is spending like a drunken sailor. LABOR'S TRILLION DOLLAR DEBT is Labor's responsibility now and will be for at least the next few years.

SM,

The above post of yours is full of inaccuracies and untruths.

"Energy policy is largely the remit of the states and most Labor states have cocked it up"

No, a national energy policy is essential, the Coalition made 22 attempts and failed to land one. The Labor state of WA has a state based energy policy, Queensland and Victoria have failed, energy policy is something lacking in the Coalition governed states of NSW and Tasmania, and in their time in office in SA they failed to launch any kind of decent policy. The ACT under a Labor admin is doing okay, not up with the situation in the NT.

"Labor inherited zero net debt" I assume you are referring to Howard to Rudd 2007, Not zero, it was $58 billion.

Rudd-Gillard-Rudd to Abbott 2013 $234 billion

Abbott-Turnbull-Morrison to Albanese 2022 $963 billion. That is an increase of $729 billion during the time of the Coalition regime from 2013 to 2022.

We can easily see who are the Grand Masters of Debt Creation THE COALITION.

But having said that, I'm not opposed to debt, per se. When governments take on debt it has to be measured, sustainable and of economic benefit to the nation. Rudd's modest response to the GFC was that, and Australia still has much to show for it today. Unfortunately Morrison and co, failed to be responsible with borrowings and debt during the pandemic, they took the drunken sailor approach. They borrowed in record amounts, then threw those billion at their mates in big business, the likes of Gerry Harvey. Now Australians are paying the price of Coalition financial incompetence, and they will be for the next 50 years!

The message is loud and clear, its through COALITION incompetence Australian's are now saddled with a TRILLION DOLLARS OF COALITION DEBT. You know it, I know it, we all know it!

Paul,

Now you are lying again. In 2007 Government's net debt to GDP was -3.4% or you don't understand the difference between net and gross.

https://tradingeconomics.com/australia/government-debt-to-gdp

SM,

When JH left office Australia owed creditors $58 billion, not zero as you claimed. Like asking a bloke how much do you owe on your car, does he answer 3.5%. I DON'T THINK SO.

Paul,

So, you are going for the "stupid" excuse then!

If Joe Blogs owes a finance company $10 000 on a car but has $10 000 in the bank his gross debt is $10 000 but his net debt is zero.

In 2007 Australia's gross debt was +$58bn in long-term bonds but a net debt of -$90bn due to the overwhelming financial assets owned by the treasury.

The house of cards starts to fold. Because of the price caps, the retail price of gas is increasing. Who knew? Apparently, everyone but labor and the gangreens.

"Multiple energy retailers across the eastern seaboard have stopped taking new gas customers and others are ramping up their prices as they struggle to secure ongoing supply from producers following the Albanese government’s imposition of a wholesale price cap.

Two of the east coast’s biggest gas producers have kept up their month-long suspension on offering new supplies after the government in December capped new contracts for wholesale gas in the east coast market at $12 a gigajoule for 12 months.

Australia’s second-largest energy retailer, AGL, has been unable to secure contract supply of gas for 2023, prompting it to cease taking new commercial and industrial customers, and forcing those whose contracts are expiring on to expensive default tariffs."