Intergenerational Report Misleading and Deceptive: Palmer

Federal Member for Fairfax

Media release

Federal leader of the Palmer United Party and Member for Fairfax, Clive Palmer, has blasted the Intergenerational Report as a ‘Liberal Party publication’ instead of the honest economic assessment Australians deserved to hear.

Mr Palmer said the Intergenerational Report blatantly ignored the Government’s own data and continued to push lies told to the electorate by the Prime Minister.

“It should have been a Liberal Party publication, it is misleading and deceptive,’’ Mr Palmer said.

Mr Palmer said the report released by Federal Treasurer Joe Hockey today ignored the Australian Trade Commission’s Why Australia Benchmark Report 2015, which painted a picture of optimism and economic strength for Australia.
“The Why Australia report shows that since 1991, Australia is the leading country for growth in the world’s developed economies,’’ Mr Palmer said.
“It also points to Australia being a leader in gains of labour productivity and having a GDP growing at a faster rate than most western economies.”
Other elements of the Why Australia report which the Intergenerational Report failed to consider are Australia being the number one country in the world for tertiary enrolments and having the highest secondary school enrolments in the world.

“Education is not only a good social policy but a good economic policy,’’ Mr Palmer said.

“Government shouldn’t lie about debt. With interest rates being so low, it is actually a good time to borrow, invest in more infrastructure and stimulate the economy.

“Remember our debt is one of the lowest in the world.

“Now is a time the Government should be investing in the country and our people otherwise the Government and the Prime Minister risk committing political suicide. All we are seeing is reduced business confidence and pain being inflicted on Australians as a result of uncertainty.”