Who will pay Depressionberg’s immense debt?

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Lot’s of ignomious politcking around the flawed JobKeeper program today, at the AFR:

With Labor and the ACTU calling publicly for such a wage, arguing that the welfare safety net in the second stimulus or “survival” package was not enough, insiders say Treasury Secretary Steven Kennedy drove the policy at the start.

It was worked up by Mr Morrison, Mr Frydenberg and Finance Minster Mathias Cormann, in conjunction with their departments and the Tax Commissioner Chris Jordan, through the Expenditure Review Committee process.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.