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

and I note that the honourable member for Petrie was involved in small business—you cannot continue to write out cheques for more money than you collect. Every single day when we have to write out a cheque for $100 million more than we collect, in day-to-day expenditure on health and education and welfare and all the other things government do, we have to make a borrowing of $100 million to make the difference, and at the moment we are spending $40 million a day on interest repayments on the debt that was left by Labor and the debt we continue to accrue. Despite all of that, over the last 12 months we have seen job growth in Australia grow at three times the amount of jobs each day that occurred under Labor. In fact, under us last year, 600 new jobs were created every day—

Mr Champion interjecting—

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