House debates

Wednesday, 23 May 2012

Matters of Public Importance

Government Spending

3:47 pm

Photo of David BradburyDavid Bradbury (Lindsay, Australian Labor Party, Assistant Treasurer ) Share this | Hansard source

This was the most important economic debate that we have dealt with and he was not even here to vote for it because he fell asleep. He slept through it!

Whilst the Leader of the Opposition might have slept through the global financial crisis, the rest of the world has not. And we acted to support hundreds of thousands of jobs. Since 2007 we have created three-quarters of a million jobs in this country post GFC. When the GFC hit, 27 million jobs were shed around the world. These are the facts of our government's economic management. We have managed the economy so that it is a strong economy, but now we want to spread the benefits of the boom.

We are the only advanced economy that has handed down a budget surplus. All the others are miles back in deficit. We are returning to surplus, and these people, who were high up when it came to spending and higher when it came to taxing, want to come here and lecture us. Australia is a standout performer of all world economies and you should stand up and be proud of that rather than criticise. (Time expired)

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