It’s damage control all around now for the besieged Abbott Government. From the AFR:
Prime Minister Tony Abbott has bowed to immense pressure over schools funding, saying $1.2 billion had been found so that all deals and offers can be honoured.
Mr Abbott said Queensland, Western Australia and the Northern Territory, which did not sign up to the original deal with the former Labor government, had now agreed in-principle to what would become a truly national funding model.
At the same time, the federal government had found $1.2 billion to replace the money Labor “ripped” out of the budget. That meant all states and territories would receive the same funding as they would have under Labor over four years, Mr Abbott said.
Indonesia has already gotten its back down. Discussion of a Qantas bailout has been hosed down. Only dodging a war in North Asia and finding a new buyer for Graincorp to go!
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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