When will it finally sink in? No-one really cares about the deficit or the national debt, least of all the millions of Australians now facing the very real threat of a long period of unemployment, personal hardship and crisis.
As Treasurer Josh Frydenberg and Finance Minister Matthias Cormann grimly fronted a media pack in Canberra, fresh after releasing Treasury’s latest tally of COVID-19’s financial toll, they were peppered with endless questions about how we will ever dig ourselves out of debt after all this Federal Government largesse.
Eyewatering, historic, the largest on record, from $5 billion surplus to $86 billion in deficit and more than double that next year.
On and on it went.
