Tony Abbott (Warringah, Liberal Party, Prime Minister) Share this | Hansard source

The people of Australia understand that this country's fiscal position is simply unsustainable. Every month, this country is borrowing $1 billion—that is one thousand millions of dollars. Every single month, we are borrowing that just to pay the interest on our debt. We are borrowing to pay the interest on our borrowing. And as every single Australian out there in the real world knows, that is simply unsustainable, so we will tackle the problem. We will do it in ways that are consistent with our pre-election commitments, and we will do it in ways that set up this great country for the long term.

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