Stefanovic says political short-termism leaves Australians facing cost pressures

Karl Stefanovic blamed Australia’s cost-of-living pressures on short-term political decisions and a lack of long-term reform, saying ordinary people and younger generations would bear the consequences. He acknowledged that international conflicts are driving energy shocks and inflation, but argued that government borrowing has left the country less able to withstand economic strain.

In a YouTube video posted on Tuesday and shared on Instagram, Stefanovic criticised the last two federal governments and state governments, saying they had spent heavily to win support in the present. He described the pressures facing households, including possible rate rises and unaffordable power bills, and said the situation was especially difficult for many people.