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

I can confirm that we will keep the commitments that we made before the election and one of the commitments that we made was that we were scrapping the schoolkids bonus, because the schoolkids bonus is a cash splash with borrowed money. That is the problem. Members opposite think that you can keep spending money this country does not have and has to borrow, running up ruinous bills for our children and grandchildren to pay. We are not ripping off our children and our grandchildren. We are not mortgaging this country's future to sustain present spending. We are not. We are being absolutely responsible—

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