Senate debates

Wednesday, 31 October 2012

Questions without Notice

Economy

2:34 pm

Photo of Barnaby JoyceBarnaby Joyce (Queensland, National Party, Leader of The Nationals in the Senate) Share this | Hansard source

Mr President, I ask a final supplementary question. I refer to the same Broda and Parker paper, which has been updated. The paper found that in the United States, a similar $900 payment had just a $50 effect that was spent on consumer goods to stimulate their economy. Does the government accept that it is quite apparent that this form of stimulus just is not very stimulating, and that it is rather hard to repay the debt once the money has gone?

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