Australia’s newsrooms continue to suppress vital information

As Alan Austin reports, Australia is enjoying a rare period of sustained economic calm and stability that the mainstream media actively denies.

GROSS DEBT According to data, it was 971.4 billion dollars last Friday. Financial Management Office. That’s not much more than $946.4 billion borrowed In October 2024.

Gross debt has fluctuated between $910 and $995 billion over the last 20 months, and there is no sign of exiting this band.

Australia’s net debt in May reported On Friday, it was $537.4 billion, below $541.0 billion level In April 2022, just before Labor took office. During Labour’s four years, net debt has remained between $484bn and $567bn, and there is no sign of it ending. This is extraordinary stability.

Unprecedented calmness and predictability

Australia’s annual inflation rate through May sent It stood at 3.96% last Wednesday, extending the CPI increase streak below 4.2% to 32 months.

Gone are the days when inflation was 7 percent Josh Frydenberg Was trying to become Treasurer in 2022 or 11% John Howard He was failing at the same job in the 1980s.

Interest odds It has currently been in the 3% to 5% optimum band for an impressive 43 months. See the table below.

(Data source: RBA)

No longer are seniors subjected to the miserable return of 0.25 per cent or less on their life savings that Frydenberg imposed for two years. Home buyers shouldn’t pay 8.5% either interest as in credits Peter Costello We were trying to manage the economy.

unemployment rate, announced Last Thursday, it fell from 4.48% in April to 4.36% in May, extending the extraordinary figures below 4.5% to 54 months.

Work vacancies It fell again to 329,500 in May; That number is well below the 2022 election month peak of 473,100. Throughout Labour’s entire term this variable has fallen steadily towards the sweet spot, which is now around 320,000, without significant decline.

has been working for 55 months participation currently it has remained stable optimum 66.5%, plus or minus 0.7%.

Business investment has grown stronger in the last five years. See the table below.

gross operating profit It reached an all-time high of $84.6 billion in the March quarter for all companies (excluding the volatile mining sector). This was $68.7 billion in March 2022, just before Labor took office; There was an average annual growth rate of 6.2%.

Workers shared in the prosperity of the nation. Since Treasurer Jim Chalmers‘ The first Budget in October 2022 is on CPI resurrected 13.9%. Minimum wage, average feesage pensionunemployed benefits and Commonwealth lease help they all increased much more than that.

Other outcomes that have been steadily improving include household presenceconsumer spendingsocial housing, engineering structureexport and national income.

It is clear that Australians are enjoying an unprecedented period of regained economic strength, prosperity and predictability.

Record fraud in the media

Instead of celebrating this, newsrooms are building a completely false narrative.

Recent negative headlines framed to deceive viewers include:

‘Grim Jim Chalmers creates a whirlpool in a sea of red’ (Australian21 April);
‘Australia is weeks away from worst economic crisis in years’ (Sunrise20 April);
‘Desperate Treasurer faces credibility gap’ (NightyMay 6);
‘Treasurer faces backlash over Federal Budget’ (Nine News, May 13);
‘Lazy treasurer: Jim Chalmers suffers major reputational blow after federal budget lies’ (AustralianMay 20);
‘Economists warn Australia’s economic slowdown is just beginning as recession risks rise’ (ABC News, June 4); And
‘Shocking new data shows a third of Australian businesses are finding it difficult to cover financial costs’ (Sky News, 26 June).

Shock! The worst crisis of recent years! Desperate Treasurer! They are ridiculously liars. So are the authors unaware of the data proving that the economy is the best performing economy ever? Or do they know but are being paid to tell the piggies?

Refusal to report 2025 roundtable

Arguably the most egregious current evil of Australia’s corrupt commentary is its imitation of the economic authority of the Chancellor of the Exchequer. peak The meeting last August never took place.

This was where the Government was urged by unions, economists, the media, welfare lobbyists and others to abandon the timid housing and tax policies it implemented at the 2022 and 2025 elections and implement bold reforms.

Strong voices demanded that all previous commitments be set aside and “everything be put on the table.”

CEO Grattan Institute, Aruna Sathanapally, warned HE ‘The longer we wait, the more incompatible our tax system will be and the more difficult this task will become.’.

This task he saidit was ‘Rolling back income tax cuts for housing and retirement that distort our tax system and economy’.

Sathanpally appealed to the Prime Minister Albanian and Chalmers will present this in the May 2026 Budget:

‘The government cannot allow this momentum to fade…Next year’s budget is a golden opportunity for this government to take some measured steps towards rebalancing our income tax system, two years before the next election.’

Similar calls also came from economists Kristen Sobeck, Chris Murphy, Saul Eslake And Matt Grudnoffand from the peak welfare body, the Australian Council of Social Service (ACOSS).

The media also joined the fuss.

Peter Hartcher wrote: Sydney Morning Herald:

‘The common refrain of frustrated commentators and would-be reformers is that Albanians, with 94 seats in Parliament, have enormous political capital and must now spend some money to achieve reform.’

The government accepted these demands, and the so-called “broken promises” that the media is now clamoring for were renegotiated.

It is certainly fair to note that the government has reneged on its promises and warn that this should not be taken lightly. But today’s destructive build-up is reprehensible.

Those malevolent actors in media and politics are now depicting Those who call the government “liars” and refuse to acknowledge its significant achievements deserve condemnation. They are malicious liars.

Alan Austin is an Independent Australian columnist and freelance journalist. You can follow him on Twitter @alanaustin001 and Bluesky @alanaustin.bsky.social.

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