welcome to joe's brothel...
Australia's debt ceiling will be scrapped altogether after the Greens struck a deal with the Coalition Government to break the impasse over increasing the debt limit.
The Greens had previously backed Labor's refusal to support the rise, with both saying they wanted to see updated budget figures before granting the Government's limit.
Greens leader Senator Christine Milne says the deal will force governments to be more transparent.
"This, I think, will return some maturity to the debate around debt and get rid of what has become a phoney debate every time the Government has wanted to raise the debt ceiling," she said.
The Government had wanted to increase the $300 billion limit to $500 billion, warning that the nation's debt could have been capped on December 12.
But Labor and the Greens joined forces in the Senate last month to limit the increase to $400 billion instead, arguing that the Coalition should bring forward its Mid-Year Economic and Fiscal Outlook (MYEFO) if it wanted to borrow more.
Treasurer Joe Hockey, who has previously been highly critical of the Greens' economic policies, has acceded to the Greens requests to increase transparency and to even continue the impact of climate change in future Intergenerational Reports
Anything for a buck?... The Greens are mad... YOU CANNOT TRUST THE ABBOTT GOVERNMENT EVEN IF THEY PROMISE ANYTHING... THE GREENS DID NOT SUPPORT THE ETS and see where it has taken this country!... Abbott DOES NOT BELIEVE IN GLOBAL WARMING!!! Increase transparency? You're bloody nuts or what?