Tag Archives: debtceiling

Budget repair challenge means Govt should reject calls to assist Holden and Qantas

I spoke with Pat Hession on ABC North Queensland radio yesterday afternoon on the removal of the Commonwealth Government’s debt ceiling, effectively its “credit card limit” as Pat described it. I made the following points: I’m disappointed the debt ceiling … Continue reading

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Why have a debt ceiling?

I have no problem with the Federal Government pushing to raise the debt ceiling to $500 billion (i.e. around one-third of the level of our GDP of $1.5 trillion), which on current projections is likely to be several tens of … Continue reading

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Debt ceiling is an important constraint on government expenditure

I’m somewhat surprised that the Economist in its latest issue argues the US debt ceiling “serves no useful purpose and should be abolished” (From cliff to ceiling). A debt ceiling is important because it forces the Government to consider the aggregate … Continue reading

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