Factcheck.

Has the Government doubled the budget deficit?

  • The claim: Chris Bowen says Joe Hockey has doubled the deficit by changes to Government spending and changes to Government assumptions.
  • The verdict: Since the election, the official forecast deficit has doubled. The economic assumptions are different from those used before the election, and spending decisions have been made that were not in the previous forecasts. Mr Bowen's claim checks out.


http://www.abc.net.au/news/2014-05-06/has-the-government-doubled-the-budget-deficit/5423392

to LL:

Factcheck.

Has the Government doubled the budget deficit?

  • The claim: Chris Bowen says Joe Hockey has doubled the deficit by changes to Government spending and changes to Government assumptions.
  • The verdict: Since the election, the official forecast deficit has doubled. The economic assumptions are different from those used before the election, and spending decisions have been made that were not in the previous forecasts. Mr Bowen's claim checks out.

http://www.abc.net.au/news/2014-05-06/has-the-government-doubled-the-budget-deficit/5423392

 

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I agree.

 

Voodoo economics alright! Smiley LOL

 

....wondering what award for 'Best Treasurer' Hocked will be awarded, when and by whom

 

 
 

......will probably be the gold plated bowl....filled with double whipped cream - wonder what the engraving will say?

The latest Newspoll figures are out.Support for the COALition has plunged 5% ahead of the budget.It's now Labor-53% LNP-47%.