The one word missing from the budget

Over the forward estimates, gross debt is projected to rise by $267 billion, or 27 per cent, to $1.249 trillion while the Commonwealth’s net worth deteriorates by $147 billion, or 24 per cent to -$762 billion. Net interest payments rise even faster, increasing by almost 80 per cent from $17.7 billion a year to $31.7 billion. That’s not resilience, that’s rapid decay.

 Immigration is driving productivity down as we bring in low-skill workers not high-skill workers.

The Budget assumes productivity will eventually recover after the average negative growth of the last 5 years, but it’s unlikely migration is a net contributor.

A migration program weighted towards highly paid professionals and skilled tradespeople might raise output per hour, but mass migration into low-wage sectors is more likely to dilute productivity than improve it.

The recent Migrant Justice Institute report found that two-thirds of temporary visa holders surveyed were paid less than they were legally owed, and a quarter underpaid by at least $10 an hour.

That is not evidence of a high-productivity migration model. It is evidence of an economy using migrant labour to fill low-margin, low-wage roles while hoping the headline GDP number looks respectable.

ALP pollster Kos Samaras gloats that immigrants tend to vote overwhelmingly Labor. He claims this puts up a wall that will stop One Nation and the Coalition. So he's happy to see high migration, and no doubt so is Anthony Albanese.

But it shouldn’t be too hard to stop net migration dead in its tracks.

That’s what Mark Carney, former governor of the central banks of both Canada and the UK, and a paid-up member of the WEF crowd did. It’s paid dividends for both migrants and residents as house prices have come down.

If Carney, the uber globalist, can do it there’s no reason why Australian politicians can’t as well.

Peter Dutton apparently pulled his punches on immigration in the last election because he was scared of alienating the migrant vote.

I can’t see any reason why immigrants should accept mass migration any more than anyone else. If the only way an economy can grow is via an immigration Ponzi, then how are we ever to produce enough houses for their kids to buy (or anything else)? Increasing standards of living will continue to be a mirage.