Australia getting worse each day.

Who will finance that debt and at what rate? The answer is middle class and at much higher rate, unless you declare bankruptcy, because clearly your GDP isn’t enough to attract investor attention. What you’re doing is taking the burden off of certain businesses (the chosen ones) who should have been paying for that in the first place provided that your policies were good enough to make the economy work and there was enough demand for those roles. Nice political move, but a bad economic one. The choice between people and economy isn’t mutually exclusive. People’s quality of life depends on whether or not the economy works.