Joe Hockey: Scrooge or Santa?

The Coalition's decision to raise the debt ceiling may seem at odds with its claims of fiscal conservatism, but it is a prudent policy amid an uncertain economic climate.

What kind of Treasurer has Joe Hockey shown himself to be after his multiple appearances this week? After campaigning as a deficit hawk, he announced an increase in the debt limit and boosted the RBA coffers to the tune of $8.8 billion. The increase to the debt limit in particular offers some insight into the Coalition’s expectations for the years ahead.


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