The Two Jacks - Episode 156 - The Budget, the Backlash and the Broken Promise Problem (Carlton still sucks)

About this episode

The episode discusses the federal budget and its implications amidst various economic challenges.

AI slop as usual. Perplexity Pro this time - on default settings. Once all these free AI subscriptions run out y'all are getting Gemini slop but why not mix it up while we can, eh? This episode takes a hard look at a budget that may not be bold enough for the economic risks ahead. The conversation ranges from inflation and stagflation to housing, NDIS reform, political trust, demographic shifts, and a bruising political landscape at home and abroad. Join Jack the Insider and Hong Kong Jack as they unpack the federal budget, the politics of broken promises, housing reform, inflation risks, NDIS savings, and the broader economic outlook. They also turn to the political fallout in the UK, the rise of Reform, and a sporting wrap that covers Carlton, the AFL, NRL, and Premier League drama. Timestamps 00:00:26 — Budget week begins: first impressions and the shape of the federal budget. 00:01:20 — Negative gearing, CGT discount changes, and trust tax reform. 00:02:29 — Inflation forecasts, Treasury assumptions, and concern about the outlook. 00:03:24 — The Persian Gulf, fuel shocks, fertiliser supply, and global cost pressures. 00:07:06 — Why stagflation is the central economic risk…

People in this episode

Host: Jack the Insider

Guest: Hong Kong Jack

Topics covered

• federal budget
• economic risks
• inflation
• housing reform
• political trust
• demographic shifts
• political landscape

Keywords

• budget
• inflation
• NDIS
• housing
• politics
• economic outlook
• stagflation
• Carlton
• AFL
• NRL

Mentioned in this episode

Organizations: NDIS

Places: UK, Persian Gulf, Carlton

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