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Hockey on Labor surplus promises

Posted by: 2UE | 13 December, 2012 - 8:57 AM
Stuart Bocking joined by Shadow Treasurer Joe Hockey at 2UE

Joe Hockey says it's becoming clearer the Government is preparing to scrap its promise to bring the budget back to surplus this financial year.

Federal Treasury is reported to have advised the Government that it's push to bring the budget back in the black will actually weaken the economy.

The Shadow Treasurer has told Stuart Bocking it's a strategic leak designed to soften the blow.

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Blog comments Your Say

  • Hi Terrence, honest John Howard, Liberal had fine tuned Australia humming, prospering "relaxed and com-for-table"...obviously unlike sabotaging, dishonest lying nerve-racking Labor. All your grovelling failed bankrupt "western countries" are printing money 24/7 like there is no tomorrow and are obviously after more cash $$$donations from stupid Australia-Juliar-Labor. Terrence, what do you really want for Australia?? No answer needed, I already know, it is quite obvious!!

    MERRY CHRISTMAS Saturday 15 December, 2012 - 10:39 PM
  • @Terrence with your usual foolhardy posting here - Mr John Howard was a PM with outstanding skill and ability! He managed the National government here with strict accountability and indeed financial responsibility of taxpayer funds. The dole bludgers still got their weekly pay drop/grog money and the economy was in excellent condition with a $22 Billion surplus when it went to Rudd then Gillard - the worst labor party government since Federation in 1901. It is well documented and there for all to see. Wake up boofhead Terrence!

    Luigi T Cassimatis B.Ec Saturday 15 December, 2012 - 6:24 PM
  • Howdy! I could have sworn I've been to this site before but after going through some of the posts I realized it's new to me.
    Regardless, I'm certainly pleased I discovered it and I'll be book-marking it and checking back often!

    make money with internet Saturday 15 December, 2012 - 4:33 PM
  • The OECD do not agree

    mick Saturday 15 December, 2012 - 10:28 AM
  • @Howard did not give anything from his pocket. Those who were around would remember how massively he cut all services. And then when it came to election time, he started pork barelling but didn't succeed.

    All the western countries admit that the way we tackled the GFC was extremely effective. If it was simply about spending money we would have seen a few other successes like ours, because other western countries spend money too but Austrlia had a very detailed plan and we implemented it effectively.

    Terrence Friday 14 December, 2012 - 10:46 PM
  • Peter, yes we sold assets and put some $4,000 each away in the bank 'for a rainy day'. You seem to be oblivious to the fact that, economically speaking, it has been pissing down since late 2008. Now we might owe about $11k each, hardly a HUGE debt given that we have been able to preserve a high level of employment, a great standard f living, property prices have held up as has our share market. We are doing very well.

    James W Friday 14 December, 2012 - 3:04 PM

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