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Anthony Albanese and Peter Dutton broke out the national credit card today and went on a spending spree. The only question is, will it work, asks Joe Hildebrand.
View in browser 13th April 2025
 

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Joe Hildebrand
Federal election correspondent

If you’ve ever wondered what it’s like to stand in one of those game show capsules being showered by money then today is really your day.

Both parties broke out the national credit card at their campaign launches today and started spending like Imelda Marcos in a shoe store.

Entering to the strains of Prince and the Power Generation’s “Money Don’t Matter 2 Night” — well, not really, but he should have — Peter Dutton dropped a cool $10 billion on a one-off tax cashback of up to $1200 at the Coalition campaign launch in Western Sydney.

EXPLAINED: How Dutton's tax deductible mortgages will work

imageCartoonist Warren Brown's Prepare to Launch.

Meanwhile, Anthony Albanese was even further west of the CBD — around 3000km further in fact — in a small outer suburb called “Perth” where he dropped his own $10 billion to unlock 100,000 new homes that will be reserved for first homeowners, plus allowing them to borrow with a 5 per cent deposit.

And so both sides have adorned their campaigns with more nice round figures than an episode of the Kardashians. Even the faintest fig leaf of fiscal rectitude has now been blown away like game show cash in a vacuum tube.

But far be it from me to moralise about the fate of our children’s future. The only question is, will it work?

CLICK HERE FOR JOE HILDEBRAND'S FULL ANALYSIS.

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