House debates

Thursday, 13 November 2008

Social Security and Other Legislation Amendment (Economic Security Strategy) Bill 2008; Appropriation (Economic Security Strategy) Bill (No. 1) 2008-2009; Appropriation (Economic Security Strategy) Bill (No. 2) 2008-2009

Second Reading

10:48 am

Photo of Warren SnowdonWarren Snowdon (Lingiari, Australian Labor Party, Minister for Defence Science and Personnel) Share this | Hansard source

but I have been given guidance from external angels, so you will not have to listen to me for as long as you thought, you poor thing. I am not sure I have any sympathy for you, but nevertheless.

I am very pleased to participate in this discussion and debate and to support the passage of the Social Security and Other Legislation Amendment (Economic Security Strategy) Bill 2008 and the two cognate bills before the House. The global financial system is currently experiencing, as we all know, significant upheaval. What we are seeing is arguably the greatest global economic downturn since the Great Depression. As a student of economic history, while my colleague was studying something else at the same time—we were together at university, if you know what I mean, but doing different things—

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