AUKUS Submarine Pact Could Cost Up To $368bn | 10 News First
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- čas přidán 26. 08. 2024
- Australia's involvement in the AUKUS nuclear submarine pact will cost the federal government up to $368 billion by 2055, making it the single biggest defence investment in the nation's history. Chloe Bouras joins us with more on the new agreement. Subscribe to 10 News First to get the latest updates and breaking news: bit.ly/37DDbL1
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If nuclear is ok for war lets use it for power
Finally, someone speaking sense
Yep we should have done this 20 years ago, it's about time.
It could be more destructive for us.
That just make you a highter priority target for China
@@druisteen is that a threat?
Meanwhile families can't afford to pay their mortgage.
Even being able to get a mortgage is tough now
On the bright side, the unfortunate people with their money saved in Silicon Valley Bank have a better chance of getting their money back.
Well this deal was supposed to be $150 billion, but there's a world wide shortage of nuclear submarines right now because of covid. Also all our stockpiles of nuclear submarines are gone thanks to panic buyers.
We spend 226billion per year on welfare, 16 billion a year on some subs amidst ww3 is reasonable
@@krissytina691 This kind of reasoning is why WW3 is approaching.
You can triple the amount they’re claiming it’ll cost lol
Tax payers still can't get our roads fixed 🤦
ROADS, I remember them!
we going to end up like Americas infrastructure
cant even get milk that tastes like real milk
Roads are state issue, go blame your state governmetn.
my roads are fine lol
We won’t see a single sub we are just paying tribute to our masters, we are a vassal state of US/UK
Just the US these days. Gotta wagw world war 3 on the country that is our largest export market apparently
Make no mistake - the US will use Australia as a nuclear shield to protect America - In a war with China, the US will fight to the last Australian - just like in it's war with Russia, the US is fighting to the last Ukranian.
ur hilarious
What a absolute load of garbage. 🤣
The tin foil is charged up today folks
What hope is there in this world when someone thinks your comment is a joke? People don't even see what's going on even though it's in their face.
@@MrFastFarmer Because the comment is borderline delusional.
The fact he thinks China would waste a preemptive strike on Australia over their biggest threat, the US is laughable.
Then topping it off with "fighting to the last Australian". So apparently, its going to be a ground war as well. 🤣. It's funny, every expert if looked at claims the conflict will be a sea/air war. Not a ground war in China. Or maybe he thinks they will invade Australia? 😆The same country that does not yet have the capability to invade Taiwan by sea, but apparently Australia is possible??
how much is it to rent a room in one of these submarines?
Love it
Can i at least get this pothole on my road fixed?
stop being greedy, I dont even have a road.
no you get ww3, no house and job withshit pay
Where did the Australian government pull that 300 billion from lol.
Out of their a.........
taking on debt that we cant pay back
@@jacksonbrown7576 they cut every single thing healthcare, aged care and education to dund this
your pocket is one of them😤
@@markshawman nah that money went to job paying billion dollar corporations who don’t pay taxes through job keeper
This is a racket
That type of warfare is surely outdated ? I’m sure a nuke button only cost $20 from repco
Yeah nah…! $28… inflation bro
Repco is so cool! I wish Coles and Woolies could add that into their stationary stock.
you still need a navy, Air Force and the Army to go in. A Nuke is not going to take care of everything.
No, submarine warfare is very much a current issue. But it will be by the time these are actually delivered.
They are not nuclear armed, they're nuclear powered. These are attack subs, and is very much important to current warfare.
And the puppets look so wonderful and proud on camera reporting this topic...
People forgetting that this was in place from the previous governments contracts.
We know that but going from diesel sub to nuclear made it 6 times more expensive and that's what I didn't know.
@@mehmettemel8725
Did you know that diesel subs have been obsolete for decades now?
They are far too noisy, we had the Kiwis following one of our subs with a torpedo lock on one of our Collins class subs for 2 weeks before letting us know about it about a decade ago...
They are basically operationally useless.
Turnbull?
For that much money we could just have nukes and get it over with.
Woah buddy
America already has nukes and thats who actually runs our military
That's 14k per tax-paying citizen - for subs that have a planned delivery of "somewhere in the 2040s".
Yes that's how long it takes to build things. While i can't argue that subs themselves were the best thing to spend the money on, you can't think like this. Most facilities take multiple decades to build and if we keep thinking in the short term of what can we get in the next 5 years we will fail to make any real progress as a country. Roman leaders would start construction plans that took longer than their own lifetime to complete. So if it takes 20 years so what, that's just how long it takes to build subs.
@ABC123
The subs that we are replacing were to be replaced in the 80's, and subs are second only to aircraft carriers in military strength.
We have needed to replace them for decades now.
"How long are we supposed to participate in the plans made by the United States and sacrifice ourselves for their sake? I truly do not believe that the United States is acting in our best interest."
Do you want china to controll australia or not?
Not surprising. The Biden regime doesn't even act in the best interest of U.S. citizens.
I trust the US more than I trust China.
The USA has NEVER acted in anyone else's interest
Sacrifice ourselves? Blame Australian Government for Vietnam and Gulf wars no one else
2042??? that almost 20 years from now. By then Chinese naval fleet will surround Australia
Chinese naval fleet"~ lol
Pointless fear mongering. China spends a pittance on its defence compared to other countries. too busy actually building roads and trains
🦘 Australia will be singing ching cheng hanji song like Tom&Jerry meme before it. 😆
Mean while, everyone in Aus is struggling to pay for basic cost of living. People are losing their house left and right.
It is almost like this massive spike in the housing crisis and everything costing way more then it should is all pre planned of something...
It is almost like the Reserve Bank Of Australia is not struggling as much as they make out it is...
There is only enough Submariners to run one of the nine Collins Class Ships ,,, All the big Talk ,,,,,
Yes Australia is like the person that needs to spend their money on food and shelter but spends it on toys.
@@marvin69blastem61 Accurate AF
If you borrow to buy a half to three quarter million dollar plus house at a rate so low you couldn't sit on it if you tried and as per normal that rate goes up and up. Then you have nobody but yourself to blame. Some of us remember in the 80S when interest rates were close to 17% so you have some way to get to where I was then.
@@steventurner8428 ok sure, but what about every other Australian apart from that strawman you just created?
So the U.S and the Poms are gonna come and pay a visit to Australia every now and then. Then in 2030 we can purchase our own Nuclear Subs if the U.S senate approves. We just got a kick in the guts.
When are the Bejing subs coming chief?..... Riddle me that
I’m so glad that we Aussies are getting a shiny new submarine.
Honestly, I was hoping all those taxpayers money would go into building more houses or our deteriorating rail network, but submarines are really cool too, I guess?
Aukus is really cool. It's about far more than a few submarines :)
@@axle.australian.patriot I bet, how much is the rest of it going to cost? how many more programs for Australians are going to have to be gutted to please the Americans?
Just remember you can't put a price on freedom
@@axle.australian.patriot Yeah, it's cool to be the adversary of China, a country with nuclear weapons. Our 8 subs will be a formidable opponent to their 80.
@@terezip2213 The French deal was 12 Shortfin Barracuda submarines for an estimated $38.5 billion. The US deal is 8 nuclear subs for up to $368 billion! 10x difference!!!
TITLE: Could Cost Up To $368bn
article: up to $368 billion by 2055
Subtle.
gonna cost triple no question
Money laundering
Uncle Sam needs a fresh round of cash injection to rescue their financial industry.
I wouldn't get too cocky, they sneeze...... well... you know the rest
Over 100,000 women in Australia are homeless or drifting about without a permanent home. 368 billion is money well spent indeed!
why do you specify women more men are homeless
@@jacksonbrown7576 Because this is full of chinese troll farms trying to persuade you that your country's defence is not worth spending any money on.
@@delasantos there military budget is 10 times our own and they have over 1 billion people we wouldn’t last a month without americas help how dumb are you
@@jacksonbrown7576 agreed that is the first logical comment I have read - thank you.
I don’t know why they are celebrating. It’s an Astute class sub with American Launch system. Technically speaking it is yet another hobbled together mass of technology which Australia is keen to embrace. Why not get something that is proven? Australia can’t even build cars. What workforce has experience with manufacturing nuclear powered submarines.
$368,000,000,000 ÷ 8 = $46,000,000,000 for each submarine. $46 BILLION per boat! Imagine all the schools, hospitals, roads and tunnels we could get for that amount of money.
Ahh, we bought 3 didn't we?
Even if giving 20 nuclear-powered submarines to Australia , Australia still doesn’t have a qualification to be a rival for China !
Yeah, 368b for some nuclear powered subs, which is only useful in an offensive war but have limited firepower without nuclear warheads. The supposedly/ imaginary adversaries on the other hand has ICBMs with nuke heads with which a few of those can take out all major cities in Australia. Makes total great sense. Don’t know what Australia people or politicians are thinking but hurray to Uncle Sam.
The key to dealing with an aggressive China is via controlling the shipping lanes, China knows this as well, it's why they have been so aggressive in claiming islands in the South China Sea. Australia can't win in an outright war, however controlling the waters around China can absolutely hurt. It's actually the best military option for Australia as it allows them the option of creating a movable defensive line away from Australian waters.
@@adventurethis Ah yes, controlling the shipping lanes so that all the shipping going to China won't be disrupted by China.
@@kollisions so that it can be disrupted
So you completely ignore the fact Nuclear-powered submarines are more stealthy than conventional ones because they have greater range, can stay underwater longer and are harder to detect? Features you would really want when dealing with a nation that's has a large navy, like China's.
@@adventurethis since when did China become the enemy though? the US's military buildup is still multiples of China's, making it far more dangerous for the world.
The cost is insane. I originally supported this, but the cost made this unreasonable. They’re getting less than 10 subs at a cost of $30b per sub? A sub cost $5. How it end up x6 the cost
@@hermes6910 For something that doesnt do anything. This is some kind of extortion from the US, makes no sense. Has to be some powerful lobby behind this. Goal should be arms reduction. Where the NZIS is this scenario,
@@hermes6910 Oh you speak latin, wow well done. So profound...
Stop voting..
You blamed the french for a 90 B$contract .
Now you cry for a 368 B$ contract !!
Double that number and that will be the actual budget.
so we're wasting billions on submarines we're not gonna see for at least 10 years
We are buying second hand subs to bridge the gap. This country fell asleep for far too long. If you believe Russia want to conquer the world with allied China, this is your best option.
That's how military upgrades work, Einstein.
@@DV-zv4ox lol
ahahahhaah bruh submarines dont just spawn out of nowhere
Ont vous l'avait dit ...hon hon !!
We don’t build a road in 3 years. How you gonna build a submersible nuke coffin..?
Correct. Lets close the gate after the horse has bolted.
Seems like we are just propping up the US economy
Nah! proping up Biden's bank ballance.
We prop up the Chinese economy every day !
@@craignewman9378 exactly by selling iron ore to build their war ships. Aussie Dumbo;s arnt we?
That’s my tax money. Why can’t you use that money to really improve people life and end modern slavery. The inflation is making people struggling
If everyone country does that poverty will be a myth, sadly we are preparing for war in order to avoid one - that’s the current situation.
The more strong you are, the more control you have.
It's important to spend money on millitary. But the price the US is charging Australia is more than 10 times the cost for US Navy to purchase the Virginia Class. This is not a deal, it's a robbery.
@@jeffxie5067 Well it’s a niche technology that no one has, France, China, Russia and India operates Nuclear submarines but what US has is unmatched, so US wouldn’t definitely make it cheap.
It comes with a hefty price tag sadly
How many hospitals + schools + trains we could build for $368bn? come on
Hospitals will run fine if they do their jobs.... I know.... the truth hurts
@@Verrifier-z6z most nurses and doctors were doing an 80 hour work weeks because the liberals cut the patient nurse ratio in NSW so they could spend money on submarines which would get obliterated in a war against china.... I know.... the truth hurts
@@jacksonbrown7576 you're lying to yourself. The health system is bloated and tanked their Hippocratic oath because most comfortable bureaucrats are lazy..... don't lie to me
Just cut the $30+ billion a year aboriginal industry which achieves no results and get the rorters off the NDIS and the subs are paid for.
oof based take i can't disagree
This is the most useless waste of taxpayers money. Show me which politician is promoting Peace, not War……………..NONE!
If every country does that, then it will be really peaceful. Now technically every country is preparing for war and the strongest will stay out of it and the weakest will fall into it.
Ukraine happened because it is not powerful enough. No country will think of messing with even India because of nukes and the military. Sadly, That’s how the world works
Peace doesn't come without a millitary to deter bad people.
But the problem is, the price the US is charging Australia is more than 10 times the cost for US Navy to purchase the Virginia Class. This is not a deal, it's a robbery.
I hope theyve made a investment in something else to protect us until 2055?
Like super fund tax?
Yes medicare so doctors can rip us off and NDIS so oldies can get a break.
we did just buy a fleet of F-35s
oh and the Adelaide class. rifles, IFVs.
Should have used the money to build nuclear power plants instead of wasting the money on subs.
i hope they have made it obvious to all that the subs have to be metric!
Hahahaha. NASA got it wrong and killed people. Heehee. Sorry for families but.
Did she really just say the whole world is watching this unfold ahahahaha typical Australia
You're packin your dacks
Like all project estimates, add 50 percent. That takes it to more like $500 billion once all the snouts are in the trough and the unions stick their beaks in.
I bet they will be asking $100+ an hour for unqualified labourers.
Yep it's all the unions' fault. Disband unions. I don't like the 8 hour work day anyway, hardly feels like I'm making enough value for my employer. I should be working 16 hours a day at below poverty wages. I wouldn't want them to spend a cent on health and safety either, I'd rather die on the job! What have unions ever done for us 'eh? Seriously what a hilariously bad take. You got the snouts in the trough bit right, but you're not looking in the right place. Try your corrupt politicians and their crony capitalist mates who'll win no-bid contracts for billions more than they should get, as per usual.
The range of cost (that doesn't seem to be mentioned) already does, the estimated cost is $270-368bn.
Why was there a secret service agent standing up there with the two Prime ministers?
In case someone told the Truth. Terminate
Haven't we seen this movie before? *Cough* French Submarines *Cough*
i guess the people who can't afford to pay their bills, feed their families should just wipe their tears with nuclar powered submarienes
Or use one for shelter
What a ripoff. 😂
Okay so we aren’t in a housing crisis across Australia?! We can’t live in submarines ! This is absolutely ridiculous
We spend 226billion per year on welfare, 16 billion a year on some subs amidst ww3 is reasonable
LOL 8 nuclear submarines for $300+ billion? Australia is basically America's ATM
sleepy joe speaking straight up facts, proud of you sleepy joe
What happened to
the other $430 billion+
the Australian Government
spent aquiring 94 F-35 Fighter
Jets, 3 Navy Frigates, 2 Navy
Destroyers and 8 Submarines?
Source: published information.
mmmmmmmmmmmmmmmmm ? your wright mate
We are pretty much in a Recession meanwhile.....
Me thinks it's all too little too late - China is already super powerful and has the backing of Russia and North Korea - wish I could leave Australia and escape to Chillingbourne.
Ohh no China has the backing of North Korea.
We don't need subs, peace will do just fine.
Correct, if we stay nuclear free, Australia will help Civilisation start again.
put that money into the future
no more guns
Honesty $368 bln is cheap. Considering its a huge leap in tech for us.
It sounds like military tax paid for USA
Australia bailing out American banks
Pauline you better get them to print more money 💰
There is no need to print money. If you do your maths it will cost about 13 billion a year over the next 30 years to have the hole fleet of submarines. Australia’s payed nearly 580 billion in taxes in 2021- 2022. If half of the stop asking for handouts the Australian people can pay for this easily.
@@darrylgilbert9 but the Labor voters need their handouts. 😎
@@darrylgilbert9 but pies in the skies is how they trick the serfs🤷♂️
@@darrylgilbert9 we would be zapped within 30 years more like 5 years at this rate.
@@birdie2219 zapped with what you fool.
great stuff
how many subs are we getting anyway ? any idea?
We need 12 subs. Our coastline is MASSIVE. Start eating grass cooking damper if you can find a bag of flour.
A great investment in total lunacy. Well I suppose a potential nuclear conflict will keep attention off financial collapse.
Nuclear Powered is not Nuclear War..
An obscene waste of taxpayers money. This money could have gone to providing affordable housing for our growing homeless population. Somehow it always seems that something else is more important than helping the homeless.
More money wasting and politicians blowing up each others egos.
Is this your comment of every issue of the day?
Wasted money why not focused on other things. .????
Love all the dumb commenters who seem to imagine that if this deal is cancelled the govt. is going to give them the money instead! Grow up and get a grip folks.
they probably all ready have the plans.
FAUKUS.
Amazing how no one cared about government spending when LNP were in
IKR, they spent big on vaccines
Can we upgrade the public transportation system and fix the road first???
No
Get a job, buy a electric scooter
Dont be sensible, crickey.
here come the 'price hikes' to cover the costs
I love how the government makes decisions regarding the public's tax money without consulting the public. What's the point in investing this much in defense when quality of life is quickly crumbling in Australia?
Now every Country needs one 🤦🏻♂️
War criminal(politicians ) should foot the bill NOT the taxpayers. ???
368 billion reasons to put the Greens before Labor when I vote next time...
368B quoted. Actual cost 1 Triilion. Schools, police and hospitals would be nice but Nuclear Subs are way cooler.
In America: SiliconValley Bankrupt
In Australia: AUKUS GO!!
You blamed the french for a 90 B$contract .
Now you cry for a 368 B$ contract !!
Looks like I'm gonna try and get myself some sub contracts👌
You sure murica is going to honour its word when it can't even supply itself with updated battleships and submarines 😂
Sux, we have homeless ppl, and all they want is war toys
Aussie, who would you like to attack with your nuclear submarine and advanced military capabilities? Tuvalu, Solomon Islands, Vanuatu, Fiji, or who?
We could defend all those nations with them they are to strike china where it hurts.
Easy, Chinese ships. In times of conflict submarines can be placed at international shipping lanes in and out of China to apply pressure.
dont be silly
@@adventurethis China will have 1000 times capability of anything Australia can buy from America.
It will not even matter in the long run
Obviously there are plenty of fish in the sea.🤣
I have the answer. Build a 100 plastic subs as decoys like in WW2.
If the French jion , will it be called FAUKUS.
Looks like labor will soon lose the government ..... again
LOOOOL 386 billion for 3 quid pro joe subs by 2054
could have bought 386 nuclear missiles at 1 billion per missile for that at least we would have something to fire back with
Yanks enjoy sharing Aussie taxpayer in next 30 years, 51 states of USA? Did Assange back home in part of deal?
Where did the Belts and Roads crowd go?
building the B & R - just ask Andrews.
We could build them ourselves for less! .....or we could power the whole country with nuclear power for less! How much is going back into the pockets of politicians and bureaucrats?
How much does 1 nuke cost? Seems like a more effective and cost effective deterrent
Where is all this money coming from ..? tax payers ?
I payed for your clot shots and for your police attacks on protests
cigarettes
@@Verrifier-z6z those didn't cost 368 billion dollars?
Short answer, yes. Long answer, also yes.
@@meanintellectual5222 maybe they did. Time will tell
Yeah that amount of money won't solve homelessness and other housing problems.
They should call this the FUKUS pact, because that's all it's doing!
We need long range hypersonic missiles.
The first one will roll off the production line by 2042, stopped listening there. There's a chance we don't even have a country at that point. We need long range hypersonic missiles and a nuclear deterrent at 5 years maximum.
We need common sense. Bombs dont help. Our Taxes and energy should be spent here. Destroyed Nuclear Nations will need a land like Australia to rebuild everything.
theresa higher chance we are invaded by the US than china.
Hearing a lot of foolishness...."Aussies cant get their roads fixed...". You really have no clue how a country is run do you? Do you know you need to spent big on defence? Did you know defence is important? No, Because you aren't educated and only complain about the Aus government. We literally have the best roads in the world...and the best country. Bunch of complainers in this comment section.
That’s a lot of money by my calculations it’s about $15000 each man/woman/child
What is a big deal about getting subs, Americans will sell them and Australia is going to be paying for assistance forever, THAT IS HOW IT WORKS when you buy from the USA, and I don't think that is going to be the final price.
you can see biden said "thanks mate" 1:04
Money to pay for the submarine's is no problem.The Labour Government will take our Super fund money and argues if we don't defend ourselves with proper weapons we will loose the money anyway.
Should have included France, then it would be AFUKUS
what a waste of tax..
Building or buying nuclear submarines is a complete waste of money for Australia. There's no point in aligning ourselves with the USA, whose influence is waning. China is actually our bigger trade partner, and it's hypocritical to prepare for a fight with them while doing business and selling off our assets, farms, and industries to them. The politicians involved in this deal are corrupt and will no doubt receive hefty commissions. The promise of 20,000 jobs is just a smokescreen, as those jobs will only be temporary. Australian citizens will ultimately suffer through higher interest rates, a shortage of housing, and inflation. The $368 billion could be better used for scientific research, education, innovation, building sustainable jobs and the development of our country. If China were to attack Australia, a few submarines would not be enough to protect us. The government, banks, and big corporations are essentially a mafia group. They may appear friendly, but they are ultimately enemies of the people. The American intention is crystal clear - they want to sell weapons. With friends like the USA, who needs enemies? As an Australian citizen, I am completely against this initiative.
Go move to China then. What's their human rights record again?