Why write about the election and its aftermath? It’s been done and is being done to death. I only decided to write when I thought I had something new to say. As with most things new, it’s really a rehash of sorts, but I think it’s worth a go for all that. I assume that this time next week Malcolm Turnbull will have been confirmed as leading a Coalition government with a narrow majority or at the very, very, least with minority support.
With a nod to the late great Jimmy Durante should he go or should he stay? Stay go? Go stay? Numbers of conservatives think he should go: Andrew Bolt, Maurice Newman, and Peter O’Brien among numbers of others. Some like Newman plump for Abbott as his replacement. O’Brien writing on QOL suggests Matthias Cormann. Really! Wasn’t he with Joe Hockey spruiking the inept and disastrous 2014 budget which largely cost Abbott his job? Mind you his accent and trendy demeanour is bound to wow the populace. That’s irony folks in case you didn’t spot it.
Leaving aside the Muslim problem, which will only get bigger and bigger in the face of the political and commentariat elite occupying their own delusional and cut-off world, the only problem worth talking about is the budget and national debt. Debt has nasty habit of growing. The reason is simple.
If you can’t pay your way without borrowing, then borrowing will make it worse because now you have interest to pay. Federal government net interest payments in 2015-’16 are running at $1 billion a month. In the last full year of the Howard government (2006-’07), interest receipts exceeded interest payments. Indebtedness is the slipperiest of slopes.
Supposing Turnbull were to stand down, unlikely as that is without application of a cattle prod, who would replace him? Quite simply there is no-one in the Liberal parliamentary ranks who would make an ounce of difference to budget repair. Deputy leader Julie Bishop perchance – politically-incorrect laughter breaks out. Scott Morrison is sometimes touted as a future leader. With what credentials, I wonder?
Sure he gained a reputation for resolution for stopping the boats. But Scaredy Smurf could have stopped the boats with Captain Abbott at his back. As Treasurer his main game appears to be to target Liberal voters who intend looking after themselves in their retirement and to spend, rather than to save, whatever he can extract from them. It is all hopeless.
To be fair, even if the Liberals had someone of rare strength and personality in their ranks, he or she would find it politically impossible to make the required substantial inroads into future expenditure on health, education and welfare. A white knight is needed; an outsider. Or maybe an outsider-insider called Super Costello.
Peter Costello is still not yet 60 years of age. Turnbull retires wounded and hurt to his mansion and Costello parachutes into a safe seat, to much fanfare and national acclaim, with a brief to cut spending and to reduce taxation and regulation to stimulate growth. That’s a great idea of mine.