ECONOMIC AGENDA: Cut the deficit while boosting infrastructure*

Treasurer Joe Hockey could cut his infrastructure budget by $50 billion, while establishing an Infrastructure Finance Corporation to put hundreds of billions into developing the nation’s infrastructure. The Treasurer’s heavy cuts in the recent federal Budget are aimed at reducing the budget deficit and overall government debt. It’s proving extremely unpopular, with the ALP well ahead of the government in polling. Invariably, deep budget cuts will drive up unemployment, which…

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