House debates

Thursday, 10 May 2012

Questions without Notice

Budget

2:14 pm

Photo of Wayne SwanWayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

The opposition likes to come into this House and pretend that the global financial crisis and the global recession never happened, and pretend that there were not natural disasters in Queensland and Victoria last year, and pretend that there is no such thing as a European sovereign debt crisis. I would just make this point and I will make it very clearly: for the first time in our history, the very first time in our history, we have a triple-A gold plated credit rating from all three major rating agencies reaffirmed only on Tuesday night. I think that says that we are handling these matters very well, because the three major agencies never gave that to Peter Costello or to the Liberal Party.

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