Today I called on Jim Chalmers, the nation's Treasurer, to resign because he has overseen the biggest blowout in Australian Government spending on record and it is not even close.
The Government's latest budget data shows that in just 6 months, spending blew out by an unbelievable $50 billion. That is a cost blowout rate of more than $200 million per day.
This crazy level of government spending is why interest rates have gone up today.
Not only is this the biggest cost blowout on record. It follows previous records under Jim last financial year. There has never been a period of economic mismanagement like this. It is off the charts.
If Jim Chalmers had presided over $100 billion in cost blowouts in a private company he would be sacked. Why aren't the same standards applied to the people we pay for in the public sector?
(Chart thanks to the @FinancialReview)
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