House debates

Monday, 9 December 2013


Commonwealth Inscribed Stock Amendment Bill 2013; Consideration of Senate Message

4:34 pm

Photo of Ed HusicEd Husic (Chifley, Australian Labor Party, Shadow Parliamentary Secretary to the Shadow Treasurer) Share this | Hansard source

Exactly—it gets measured in a quantum that we mere mortals cannot understand! But they have been dragged to economic realism, and yet they will not be up-front with people about the reasons they need to increase the debt ceiling. It is outrageous that, in this last-ditch effort, as the shadow Treasurer indicated, their way of getting rid of debt is to lift the debt ceiling. It is preposterous logic. It does not sit at all well with the rhetoric used before the election, and they should be explaining fully why they are going to this position. And they should not just back it up with words. They should back it up with the numbers contained in MYEFO, and they should do it this week.


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