Hockey’s lenience lies in his debt ceiling

By looking to increase Australia’s debt ceiling by $100 billion, Joe Hockey is not pursuing the kind of budget restraint he promised during the election. It needn’t be that way.

While the US has at least temporarily increased its ceiling on the amount of debt the government can accumulate, one of the first things the Abbott government will do when parliament resumes next month, after introducing legislation to repeal the carbon tax, will be to increase the Australian government’s debt ceiling.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles