Peter Costello (Higgins, Liberal Party, Treasurer) Share this | Hansard source

Well, it is a little less interesting than ‘Jihad’ Jack Thomas and the member for Wills! We are now experiencing the ninth surplus budget under this government. We have now retired every single dollar of the Labor Party’s $96 billion debt. We are now funding unfunded superannuation liabilities, which were never touched by any other government in Australian history. There have been two million jobs created since this government came to power. There is $7.4 trillion of private sector wealth. And the Leader of the Opposition calls that ‘brutopia’. One can only wonder what would happen if he were to get his hands on the levers of economic power. But let me tell you—

See this speech in context