So this is Hockey's excuse for the need to lift the debt ceiling?
"...Mr Hockey says because the budget under Labor deteriorated by $33 billion in 11 weeks..."
"Liar, liar pants on fire."
Treasury wrote down revenue by $12b over those 11 weeks, yet Hockey originally claiming $30b, now he has upped his fantasy number to $33b.
Is Hockey lying or incompetent?
It has to be one or the other.
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