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Monday, 20 May 1985
Page: 2128

Senator TEAGUE —I refer the Minister for Finance to comments by his colleague Senator Bolkus last Monday at the Canberra College of Advanced Education in which he rejected the Hawke Government's economic and political philosophy. In particular, he damned the Government with the rebuke:

Some of us still yearn for the politics of idealism and principles.

Does the Minister agree that the present Government lacks ideals and principles and, if not-particularly in light of his answer to Senator Peter Rae just now-in what way does he disagree with Senator Bolkus?

Senator WALSH —I have not read the speech of Senator Bolkus but I certainly do not agree that this Government has abandoned ideals and principles. In all governments trade-offs or judgments are made in regard to the conflict which sometimes exists between sticking to ideals and principles and what is practicably achievable. When making a judgment about the correct degree of trade-off inevitably people will arrive at slightly different conclusions, something they are perfectly entitled to do.