ken henry dumps on abbott and hockey, page-3

Economic light weights with no idea!

Bring on the next election already.....

''If you ask me the question do we have the capacity to finance new spending without new sources of revenue, the answer is no.''

Dr Henry pointed the finger at a series of tax cuts delivered by the Howard and Rudd governments for putting the budget under considerable pressure.

Dr Henry also singled out the federal government's direct action scheme, designed to tackle climate change.

Economist Ross Garnaut recently calculated it would cost $4 billion to $5 billion, not the $1.5 billion the government says - and Dr Henry backed Mr Garnaut's estimate."

http://www.smh.com.au/federal-politics/political-news/gst-must-rise-says-exhead-of-treasury-ken-henry-20140312-34n0i.html#ixzz2vmfVu0MI