Why Clive Palmer speaks budget sense

Clive Palmer's astute observation on Australia's level of private debt highlights a central flaw in Hockey's budget policy that could put the economy in danger of contraction.

It was an interesting experience to be part of the budget lock-up last week, but as I warned in my article, I could make mistakes under that time pressure -- and I did. I’ll correct them below, but I want to open with a declaration that I never expected to make: that the best sense I heard spoken about the budget was uttered by neither Liberal nor Labor nor Green, but by Clive Palmer.

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