daniel.blitz 🦠

Project Manager working everywhere in this great country. A proud father of two brilliant girls. A lover of music, stand-up, art, architecture, travel and books

[daniel.blitz 🦠 @danblitz1]

@australian @chriskkenny Isn't the brain incredible? It works 24 hours a day, 365 days a year. It starts working the day you were born and only stops when you start writing for The Australian.

[Aaron Smith @aaronsmith]

Dave, I haven’t defended Labor once.

I’ve simply corrected things you’ve said that weren’t true, which you invited me to do.

You’ve somehow decided that this amounts to a stirring endorsement of the Albanese Government.

It doesn’t. It just means the things you said weren’t true.

Admittedly, correcting them has become a much larger educational commitment than I anticipated.

You claimed Kevin Rudd spent the Future Fund. He didn’t.

You then became strangely fixated on whether any government had contributed money to it since, for reasons known only to you, before confidently declaring that not 'a cent' had been added.

Also wrong.

The Government put $10 billion into the Housing Australia Future Fund in 2023.

Perhaps have a little read about the other funds sitting within the roughly $330 billion managed by the Future Fund - the Medical Research Future Fund, the Aboriginal and Torres Strait Islander Land and Sea Future Fund, the Future Drought Fund, the Disaster Ready Fund and the DisabilityCare Australia Fund.

At this point, Dave, I fear I’ve accidentally established a small educational institution dedicated entirely to correcting your internet posts.

Enrolments remain stubbornly at one.

[Thomas Massie @RepThomasMassie]

Don’t fall for the fake Fox/GOP outrage. Two weeks ago the House passed a bill that greenlighted the transfer of Spanish territory to Morocco. Every Republican except me voted for it, but now THEY are acting shocked at the invasion.
https://t.co/a7ROEAtoOD
https://t.co/886sJycfeL

[daniel.blitz 🦠 @danblitz1]

@DHughesy In 1997, then-Treasurer Peter Costello approved the Reserve Bank of Australia selling roughly two-thirds (167 to 247 tonnes) of Australia's gold reserves for about $2.4 to $4 billion. That sold gold would be worth over $36 to $41 billion today.

[Aaron Smith @aaronsmith]

Thank you, Dave. I appreciate you reaching out to ask what you got wrong.

The clip we’re discussing is less than 90 seconds long. What I’m about to do demonstrates Brandolini's Law: where the amount of energy required to refute bullshit is an order of magnitude greater than that required to produce it. Or, in this case, it takes around 600 words to correct 90 seconds of your economic fan fiction.

1⃣ Between 0 and 30 seconds

You begin by confusing government debt with the Future Fund and appear to suggest that the Future Fund can't exist along side Govt debt.

They’re different things. One can exist without the other, and in Australia they do.

Australia's Future Fund was established in 2006 with an initial govt investment of about $60B. Its first annual report, in 2008, showed assets of around $64 billion - not the $100B you suggested.

Then, at around 27 seconds, you talk about the Future Fund as though it ceased to exist (you used the word 'had' as in past tense).

It still very much exists Dave. In fact, it's grown every single year since it was created. Today it's worth around $270 billion, or over $330 billion once the other funds under management are included (eg Medical Research / Housing Australia / Drought).

So before we're even 30 seconds into the clip you've managed to confuse government debt, the Future Fund, its size, and whether it still exists.

That’s a lot of economic history to get wrong in under 30 seconds.

2⃣ Around 32 seconds

You then claim Kevin Rudd used the Future Fund to "flush money through the economy".

Again, that’s simply false. The Future Fund wasn't used to fund the stimulus. It wasn't used to build school halls. It wasn’t used for any of the things you’re describing. In your defence, you do briefly flirt with the possibility that you don’t actually know what you’re talking about. Sadly, it was a very short-lived relationship.

The GFC stimulus was funded through government borrowing.

For context, construction approvals were collapsing, more than a million Australians worked in construction, and the objective was to stop unemployment exploding during the worst global financial crisis in generations.

You're welcome to argue that was the wrong policy (but you didn't). You’re not entitled to rewrite where the money came from.

3⃣ At about 44 seconds

You say, "I might be wrong".

I concede you were correct during this part of the video.

4⃣ From 44 seconds onwards

You make a series of broad claims about the GFC response.

Yes, government debt increased. That's true.

What you omit is that Australia's stimulus largely went directly to households rather than primarily rescuing financial institutions, as happened in many other countries.

The aim was simple: keep people spending, businesses operating and Australians employed while global demand collapsed. It's known as counter-cyclical fiscal policy.

Whether you agree with it politically is your business.

The specific outcome for Australia isn't contested though - Australia was one of only two economies in the OECD to avoid recession during the Global Financial Crisis. There's no reality where that wasn’t a comparatively impressive outcome.

The money didn’t need to "trickle down". The entire point was that it started at the bottom.

5⃣ Government debt

Throughout the clip (and in life generally) you repeatedly return to the theme Labor is responsible for Australia’s debt (which btw is comparatively low).

Here are the actual numbers of net debt added by each Govt since 2007.

> Rudd/Gillard: about $190 billion over six years.
> Abbott/Turnbull/Morrison: about $366 billion over nine years, around two-thirds of which pre-dated COVID.
> Albanese: about $75 billion over four years.

Those figures don’t support the story you've been telling people. And that’s really the issue.

This isn't about getting one date wrong or misremembering one statistic. Nearly every claim in your 90-second clip turns out to be either wrong or misleading.

If you're going to publicly lecture Australians about economic history, the bare minimum expectation is that you’ve first acquainted yourself with it.

Because once the errors have been pointed out, as they have been to you multiple times, every repetition stops looking like an accident and starts looking like a strategy.

Given your very public coffee with Angus Taylor last week, perhaps people are entitled to ask what that strategy might be.

[Punt Road @punt_rd]

The England World Cup supporter who created this was just too funny! All the little jokes in the background, on the t-shirts too…piss funny!!!

[Cheryl Kernot @cheryl_kernot]

About time!

[daniel.blitz 🦠 @danblitz1]

@couriermail No

[Doug Cameron @DougCameron51]

What an informative (and scary) first session in the AUKUS Inquiry,
Expert evidence exposing the propaganda and fear campaigns used by AUKUS proponents to brain wash the public into supporting this dangerous and mind bogglingly expensive capitulation of our sovereignty to Trump!

[daniel.blitz 🦠 @danblitz1]

@craigkellyAFEE How does Pauline still get paid when she doesn’t turn up to work Craig? Please explain?

[Kenny Devine @TheKennyDevine]

A question written by Gina Rinehart, read out by somebody owned by Gina Rinehart, answered by somebody owned by Gina Rinehart, reading out an answer written by Gina Rinehart.

[Ronni🧂Salt-WhoWroteGunnawahYeahThatOne @RonniSalt]

A group of Australian citizens were kidnapped on international waters and beaten senseless on camera by their captors - Israel

The most prominent Israel advocate in Australia - Jillian Segal - has so far said nothing about the welfare of her fellow Australian citizens nor condemned this atrocious abuse of human rights and brutality by her home state of Israel

Jillian Segal is an employee of the Australian people charged with promoting "social cohesion" and her silence on this blatant Israeli abuse of her fellow Australians is a disgrace to these abused citizens and to the Australian taxpayers who fund her

[daniel.blitz 🦠 @danblitz1]

@1Godbotherer @celina101010 Incorrect; The Hahndorf Inn is owned by the Holmes family and The German Arms is owned by the Duffield Group

[daniel.blitz 🦠 @danblitz1]

@news_australian What a stupid question - Pauline is in the Senate and is yet to articulate the English language

[daniel.blitz 🦠 @danblitz1]

@goldengreekjr @AshPolitik In 1997, Treasurer Peter Costello approved the sale of 167 tonnes of Australia's gold reserves—The 167 tonnes were sold for approximately AUD $2.4 billion .Now (Early 2026): Based on recent gold prices, that same 167 tonnes of gold would be worth over AUD $41 billion.

[Brian McDonald @BrianMcDonaldIE]

The Strokes used their Coachella set to show CIA coups and Gaza footage. They’ll probably never be invited back, and they knew it.

[Guitar Gods Unleashed @gguworld]

"Ramble On" is 56 years old and Robert Plant just walked onto The Late Show and made it sound like he wrote it this morning.

[daniel.blitz 🦠 @danblitz1]

@Ostrov_A You bomb Iran during Ramadan and obliterated Gaza for a 2 years straight but the Israeli parasites want some peace during Passover? Yeh nah

[Tom the whistleblower @blowingtom2]

I really want to know who writes these post. Absolutely nails it every bloody time.