<transcript><audio_62>limit from 300 billion to 500 billion saying that the limit will be exhausted by mid-december 2013 with the support of the Australian Greens the Abbott government repealed the debt ceiling over the opposition of the Australian Labor Party the debt ceiling was</transcript><transcript><audio_63>contained in Section 5 of the Commonwealth inscribed stock Act of nineteen eleven until its repeal in December 2013 so there's a great example of a voluntary constraint and every now and again we hear this in America that they're coming up to the fiscal cliff</transcript> limit from 300 billion to 500 billion saying that the limit will be exhausted by mid-december 2013 with the support of the Australian Greens the Abbott government repealed the debt ceiling over the opposition of the Australian Labor Party the debt ceiling was contained in Section 5 of the Commonwealth inscribed stock Act of nineteen eleven until its repeal in December 2013 so there's a great example of a voluntary constraint and every now and again we hear this in America that they're coming up to the fiscal cliff
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