The average voter has no sense of perspective.
Tony Wright of the Sydney Morning Herald noted a comment at one of Tony Abbott’s press conferences:
[O]ne of his inquisitors pointed out that a $6 billion debt – which Abbott says will be Australia’s annual interest payments under continued Labor spending – is about equal on a GDP basis to someone on a wage of $100,000 having a mortgage of only $6000. Abbott himself has a much larger mortgage than this – did it make him a poor financial manager? Well, in short, no.
When he got that final question, he pointed out that Prime Minister Julia Gillard used to say every boat equalled a policy failure. Every boat, he might just as well have said, meant one fewer question on his economic credentials — Tony Wright.
$6b debt sounds massive, but it’s tiny in comparison to our GDP.
“Remember the $900 cheques? Forty thousand went either overseas or to dead people. I don’t know what economies they were stimulating but it wasn’t the Australian economy. There was a better way to do it.” — Joe Hockey, ABC News Online
According to the ATO, at least 8.8 million cheques were sent. Let us imagine that only 8.8 million were sent. 40,000 is only 0.45%. As far as error rates go, that’s amazing.
Why does this narrative of outlandish mistakes persist? I don’t remember the media’s pitchforks being waved when Turnbull (then a minister) wasted $10 million on Russian cloud seeding technology.