Still waiting for an answer to this: how could clerical errors made by 0.1% of JobKeeper businesses ruin cost projections made weeks earlier?
And how could the projected cost of such a massive program be ruined by such a small number of clerical errors? Were they not cross-checking anything? I call bullshit on this explanation.
And how did the clerical errors add up to the exact amount of the shortfall on their original projections? A coincidence? BS.
Much more likely: the government got everything wrong about the design of JobKeeper - from the projections on how many workers would be eligible to how many businesses would choose to take it up - and now they’re blaming low-level staff for data entry mistakes.
So, did they originally intend to stimulate the economy by $130bn, or $70bn? If the former, it’s a massive fuckup and going to mean serious long term economic hardship for many. You don’t just skate over having $60bn less circulating in the economy.
Final point: the explanation/excuse that the extra $60bn wasn’t needed because the economy is now doing better than orig expected is a/ completely inconsistent with the other explanation and b/ irrational (we don’t know the full damage to the economy yet) and c/ a convenient lie.
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