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Canberra Consensus: Learn to live with debt

Clinton Maynard

Michael is joined by Tom Dusevic, The Australian Newspaper’s National Chief Reporter, who writes that on the eve of the campaign, the major parties are mirroring each other on economic policy, which was the main arena of conflict at the previous election.

‘This election will see some differences in emphasis, say on childcare, skills, infrastructure, manufacturing and the digital economy. The competing paths in getting to net-zero CO2 emissions by 2050 are within the margin of climate pragmatism.’

‘But on taxing and spending, and the philosophies about how to run the capital’s control room, there is furious agreement on learning to live with the debt bomb and a small-target approach to reform. You could call it the Canberra Consensus.’

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