This comes about due to incompetent politicians running things. Australia is spending billions on nuclear subs it doesn’t need, and even paying France $300 million for not buying their subs.
Australia doesn’t have enough money for that? No problem, just make everyone work longer.
As an individual if I don’t earn enough to cover my spending I have two choices.
1. work more
2. Spend less
In all these discussions we never see politicians do anything about spending less, they just throw us under the bus to work more, while of course exempting themselves.