Australian Treasurer Joe Hockey wants to raise the nation’s retirement age to 70, the highest in the world, to prevent an aging population from draining state coffers. Miner Noel Chatterton laughs at the idea.
The seeds of Julia Gillard’s demise were sown the night she became Australia’s first female leader in June 2010. Just days after vowing not to challenge Kevin Rudd, the deputy leader ousted him in a backroom party coup.
Australian Prime Minister Tony Abbott’s government delivers its first budget today since winning office in September, aiming to rein in a record fiscal deficit through spending cuts and new revenue measures.
Support for Prime Minister Tony Abbott’s coalition dropped to the lowest level in four years as the government prepares to raise the pension age and cut welfare benefits to curb Australia’s deficit in next week’s budget.