RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Destructive OZschwitz PM warns of debt blowout Tue Nov 12, 2013 7:54 pm | |
| National debt will continue to balloon throughout the first term of the Coalition government, despite harsh spending cuts to be identified by a Commission of Audit, a crackdown on public service jobs, and a promise that government would be smaller.
The revelation came from Prime Minister Tony Abbott on the first day of Parliament as he piled pressure on Labor to pass an extraordinary $200 billion lift in the debt ceiling, comparing it to obstructionist Tea Party conservatives who have crippled the US government in recent times.
Read more: http://www.smh.com.au/federal-politics/political-news/pm-warns-of-debt-blowout-20131112-2xelz.html#ixzz2kTz4dzJ3 |
|