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1.Market Observations

21 Nov 2013 (AFR) – The debt ceiling is a political weapon

(21 Nov 2013, AFR, p4, Edmund Tadros Graphic by Les Hewitt)

‘Australia’s debt limit didn’t exist until 2008 and didn’t become a major political issue for another two-and-a-half years. The Coalition’s attack first picked up pace after the then-Labor government hiked the limit from $200 billion to $250 billion in 2011 and hit another peak in 2012. The government lifted it again to $300 billion, an analysis of Hansard transcripts shows.’

Read more at AFR.com (might need AFR login access)

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