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ABC News Breakfast -

View in ParlView

(generated from captions) to get a reality check as

reporting season starts to

open. Neil, good to talk.

Thanks so much. Now as we've

been reporting this morning,

the Federal Government's

the Federal Government's $42

billion stimulus plan was

passed by the Lower House

overnight and will now be

subjected to an inquiry in the

Senate. Independent Senator

Nick Zenophon has told ABC News

Breakfast this morning it will

take at least a week to review

the package. That won't be muse

took the Prime Minister's ears

who wanted it passed by both

houses by tomorrow. Among those reviewing the package will be

the Nationals leader in the Senator, Barnaby Joyce,

Senator, Barnaby Joyce, who

joins us now from Canberra.

Good morning. Good morning.

Are you in lock step with

Malcolm Turnbull over this?

The Opposition will continue in

the Senate? I was one of the

people who had serious concerns

about this package from the

start. I'm a little old

accountant from the bush and

when you start racking up debt

Party are in the pace that the Labor

Party are racking it up you

have serious concerns and when

they are racking it up on

ceiling insulation and boom

gates and although my children

would love a new shed at their

school, in these sort of forms

you know are not going to

reboot the economy, you must

call to question. I have

serious concerns also about the

way Mr Rudd has, in a pressure

salesman pitch, forced this agenda, saying,

agenda, saying, "I demand you

pay for this, no questions

asked. I'm not going to consult

with you. I'm going to keep the

parliament sitting until 5:00

in the morning or whenever."

Once you've got a pressure

salesman on the job you know

they're selling a bodgy product

so I look forward to a deep and

insightful inquiry into exactly

how we are spending not the

money of the Australian people

because they've already spent

because they've already spent

that, but how they're racking

up the debt of the Australian

people and whether it will have

effect. But the IMF is saying

to act fast and act big. Why

not swing behind this

international effort? Act

fast, act big - we're not

saying you shouldn't act. This

is something Mr Rudd's saying,

our idea is having no package.

We believe in a package but

don't believe in the efficacy

of this package

of this package because it's

parochial grab-bag of

nonrelated issues that we truly

don't believe is going to

stimulate the economy. Then,

what are the Australian people

going to reflect on as the

legacy of this package? If Mr

Rudd was around in the 1930s we wouldn't have the Sydney

Harbour Bridge, we'd have

millions of cans of spam. If he

was around in the 1950 said we

wouldn't have the snowy

mountain scheme,

mountain scheme, we'd have

thousands of acres of vinyl

curtains. It the package needs

to be called into question.

$200 billion possible deficit

position means Australia is

heading towards a position that

if this recession goes out over

the long-term we won't have the

capacity to deliver a

package. The Coalition

politicians seem to be standing

alone on this. Your passionate about this

about this but you seem to be

standing alone. You've got groups like the Australian Chamber of Commerce and

industry, the institute of

chartered accountants, the

housing industry association

and Australian Industry Group

pushing you to pass this

through the House. I do not

believe for one moment that 48

hours is the appropriate amount

of time to deal with $42

one moment billion. I do not believe for

one moment we can't be diligent

and prudent over the

appropriate period of time.

Unless Mr Rudd has thousands of

boom gates stuck up behind a

shed somewhere ready to be

launched at every railway

crossing in Australia, unless

he has millions of Bradford

batts being held in the bushes

by armies of green people ready

to take them into the ceilings,

to take them into the ceilings,

there is no reason we need to

be so negligent in how we go

forward with this. It's not

just Kevin Rudd saying that.

It's a lot of economists and a

lot of international monetary

groups saying this, that this

has to be done quickly to save

jobs. There is a difference

between quick and there is a

difference to rushed and this

is not even rushed, this

is not even rushed, this is

just gun at your head pressure

salesman tactics, the hide of

Mr Rudd to think of it as his

money and come out with a gun

to people's heads and say, "I

demand you spend and put

Australia $42 billion - spend

the $42 billion to launch

ourselves to the $200 billion

credit limit without proper prudence and overnight." What

prudence and overnight." What

is going to happen, Mr Rudd, if

we spend a week looking at

this? Please tell me that.

What in the world is going to

stop turning if we spend a week

trying to get the package

right? Last time, remember,

they put up the last package

which was a flop without any modelling t was just a

political decision and now we

have what the Australian

retailers association, who

predominantly represent Coles

and Woolworths, coming out and

saying it is a great idea. No

saying it is a great idea. No

wonder, they're the biggest

ownersers of gaming machines

and sellers of liquor. They

would have thought it was a

great idea. Show me one job of

the 75,000 they promised that

was created. They don't exist.

It's not our money. It's the

Australian taxpayer's money and

if we get this wrong, we put ourselves in

ourselves in a position where

we can't fix things in the

future because we won't have

the money and that will be your

hospitals, your roads, your

rail, there's just not the

money there for. Attention

turns to this inquiry in the

Senate. You say that can be

done within a week? We can at

least get a period of time to

drill down on this but if we

find things that are wrong with

must it then Mr Rudd and Mr Swan

must have the decency to come

to the table and acknowledge it

and start to fix this package

up. We're not going to be put

in the position where they put

us last time, with a $10.4

billion and what did we get out

of it? Seasonally adjusted,

$700,000 worth of spending.

one That's about one in nine. About

one in nine was the efficacy of

their packagism that is incredibly imprudent. I know

it's a dry topic but people

understand this, if you Hawke

up the debt, at some stage

you've got to pay for it. You

betver the money otherwise

you're in a world of bother.

If you find significant

problems with the package, how

long can you drag it out for?

As long as we get it right for

the Australian people. That

will be more than a week

obviously? Until we get it

right. It's like saying to your

doctor, "How long do you want

the operation to go for?" Until

we get it fixed up, or do you

want to get halfway through