Wednesday, 13 November 2013
Commonwealth Inscribed Stock Amendment Bill 2013; Consideration in Detail
Irresponsible spending, imprudent promises. So rapid was their erosion of the AOFM recommended head room that they raised the debt limit on four occasions. Instead of head room, Labor saw it as a target for accelerated spending. Every few years another target and another opportunity for the Rudd-Gillard governments to keep spending—$75 billion, $200 billion, $250, $300 billion. Our message to those opposite is let us get on with fixing the mess that you have created. The former government was unwilling to deal with this issue during the election; it is time they let us get on with the job.