Ed Husic (Chifley, Australian Labor Party) Share this | Hansard source

It was $500 million? You know what, Member for North Sydney? I will give that to you. So that is $69,500 million to go in finding savings. What does $70 billion mean? As we have previously said, that is like stopping Medicare payments for four years, aged pensions for two years, assistance to people with disabilities for three years, or family tax benefit payments for three years. It requires savings equivalent to 1½ times GST revenue for a year.

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