Even at $130 billion, JobKeeper package is a steal

Abstract

The $130 billion JobKeeper wage subsidy announced on the heels of more than $70 billion in spending already announced is the single most expensive spending commitment the government has ever made. Even at that price, it’s a steal. And if anything, the package shields the budget from the scarring effects over the coming decades of a deep and long recession. It’s prudent fiscal management.