Indy, you know the big lie; "us who already paid for our Pension" That is a false claim, your pension/welfare is paid out of todays revenue/borrowings. Provide evidence you paid for your aged welfare in the past. The $500 bonuses paid to aged welfare during the pandemic was a political sop and a total waste of money, it did nothing for the economy. Introduce my idea of a National Seniors Service, and with some income cutting and soup kitchens, green stamps, $25 billion in cash handouts can be saved immediately! You would be up for a little "road maintenance work" would you not? Some people deserve to be paid $10,000/week, others are overpaid on aged welfare. Its all about productivity.

BTW nice attempt at deflection.

Moneybags Morrison (on over $500k) got stuck into part Age Pensioners when he was Treasurer, and has now halved dividends from private pensions because his "experts" told him the stock market would be badly affected by Covid, and capital must be preserved, when the market has actually boomed. Not satisfied with overseeing the greatest loss of freedoms ever experienced in Australia, he has pauperised the elderly while tossing billions of borrowed money at where he thinks the votes are, the evil bastard.

ttbn, there is no doubt the Morrison government panicked, all it could see was it being booted out of office early 2022. Morrison decided the only way to save his political hide was to borrow and burn money bigtime. My little example of Gerry Harvey pocketing $22 million, and then thumbing his nose at the rest of us, that was bad enough, but to have Treasurer Frydenburg say "too bad so sad" was indicative of the governments attitude to waste, it was a cash splash free for all. Here we are 18 months later with absolutely nothing to show for it, except a trillion dollar debt. We can't even say it was one hell off a piss up, and we've got a terrific hangover!

If Australia wants a strong economy and a high standard of living then as a progressive socialist I believe borrowing is necessary at times, but that borrowing has to be targeted for a sustainable purpose with a long term payback to the nation. As a socialist I see government intervention into the economy as most necessary at times both to provide the necessary support for those that can't genuinely fend for themselves, and for the more productive long term investment which private capital is unwilling or unable to provide. Taxation only should be used to finance the day to day cost of running the nation, that includes welfare and other support to health and education etc. Realistically if we were an uncaring society there would be no aged pensioners, once usefulness was extinguished then euthanasia would be the choice, but we are not such an uncaring society, so we support and let people live out those non-productive years with our financial help.

your pension/welfare is paid out of todays revenue/borrowings.
Paul1405,
Our Taxes paid for you & your parents, we put the money there for you to squander. Sad, you couldn't manage & have to resort to lying !

The Australian Financial Review reports that the Treasure has misspent "$25 billion of taxpayers’ money" on Jobkeeper, which should be renamed Votekeeper.

While I maintain that government salaries have nothing to do with government debt, the $92 million in bonuses paid to senior Australia Post employers (SMH) last year should have taxpayers providing such extravagance up in arms.

There is also the Holgate fiasco: sacked for spending $20K on watches, the woman has now been paid a million dollars of our money for being sacked!

The Heckle & Jeckle resembling duo of Morrison and Freydenberg are really crap with money - your money.