Saul Eslake discusses the Debt Ceiling on 7:30
Saul Eslake discusses the Debt Ceiling on 7:30
SAUL ESLAKE: All the debt ceiling does is give the opposition of the day an opportunity to grandstand, which the Coalition exploited to its full when they were in opposition and which the Labor Party has been doing now. But it doesn’t serve any useful purpose. And I think it’s to the credit of the Greens that they have put up this proposal to abolish the debt ceiling in exchange for improvements in the transparency and comprehensiveness of the budget papers and it’s to the credit of the Treasurer that he’s taken those suggestions seriously.