Former treasurer Joe Hockey has hit out at politicians who refuse to cut government spending, describing their need for popularity as “a cancer in our community”.
Speaking in London on Monday evening the former Coalition treasurer revisited the landmark “age of entitlement” speech he had delivered while in opposition during the Gillard government.
“Today I am warning our legislators and leaders that it is their entitlement that is the problem,” Mr Hockey said during a speech at the Institute of Economic Affairs on Monday.Former Australian treasurer Joe Hockey has revisited his 2012"age of entitlement" speech, accusing politicians who fail to cut spending of being"a cancer in our community".
Mr Hockey entered parliament as the member for North Sydney in 1996, serving in a range of portfolio’s during the Howard government and eventually becoming treasurer under then-prime minister Tony Abbott. “ makes hard decisions between regular elections almost impossible,” the former treasurer said, using the US Republican Party’s hypocrisy on debt and deficits as an example of the failure to make tough decisions.
However the former treasurer insisted by “strangling itself with debt” the US would eventually be at risk of defaulting.
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