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

another 200,000 Australians unemployed, a deteriorating terms of trade, below trend growth and rising unemployment. These are the legacies of Labor. We are a government that has inherited systemic waste from Labor, who were still sending out $900 cheques to dead people and people overseas as part of its stimulus package, that was meant to have been in place years ago

The fact is that the Labor Party left an embedded legacy that is destroying the fabric of the budget. In the fifth year, that they never had the courage to talk about, expenditure by government increased by nearly six per cent, in one year—clearly unsustainable. This was three times what Labor promised. All of that must be dealt with now. All the way through, Labor left little time bombs. They go off at particular moments in order to cause maximum harm, not to the government but to the people of Australia. The Labor Party was determined to wreak havoc; they were reckless in government and they are proving to be reckless in opposition.

See this speech in context