Joe Hockey (North Sydney, Liberal Party, Shadow Treasurer) Share this | Hansard source

I refer to the fact that, the last time the Labor Party was in government, the coalition had to pay off its debt after it left Australia with a burden of $96 billion. This time the Labor Party is in government again and the Labor Party is accruing debt on a massive scale as the biggest spending government in modern Australian history. The debt is getting bigger and bigger and bigger and redder and redder, just like the Deputy Prime Minister’s face. I ask the Treasurer: now that the Minister for Finance and Deregulation has said that simple mathematics explains how to pay off all of this Labor Party debt, will you now come clean with the Australian people about just how much debt you are really leaving Australians?

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