Hockey: "The only way you can repay debt is if you have a surplus" Dopey: Well NO. You can increase taxes, sell-off assets, cut spending. That is the 'standard' coalition way.
Australia Readies More Than $100 Billion in Asset Sales Treasurer Joe Hockey Flags Sale of Transport Networks, Health Insurers, Utilities to Help Plug Budget Shortfall
By Rob Taylor And David Winning connect Updated Feb. 12, 2014 3:34 a.m. ET
CANBERRA, Australia—Australia is readying a plan to sell potentially 130 billion Australian dollars (US$117.49 billion) in assets ranging from health insurers to electricity poles, hoping to set an example to cash-strapped governments around the world that need new funds to boost their economies.
Treasurer Joe Hockey, who will chair a meeting of finance ministers and central bankers from the Group of 20 developed and developing nations this month, said Australia's conservative government was finalizing a deal with state...
