Coalition unlikely to lift unemployment benefits when jobkeeper scrapped in March
They will lift it but only marginally so, might not even reach my prediction of $50 per week. Frydenburg argues against an increase because a lift will be an ongoing structural increase in the deficit. Yet for the sake of protecting a coalition seat in South Australia there is the 50-60-70 ??? billion fiasco submarine build, the proposed 270 billion defense spend for missiles etc, and tax cuts that will decrease revenue by hundreds of billions of dollars over the next decade. All those are structural increases in the deficit and all those do not have a significant multiplier effect by promoting greater economic activity through infrastructure improvement.
