Nola Marino (Forrest, Liberal Party) Share this | Hansard source

What we saw was $191 billion worth of cumulative deficits, with a further $123 billion ahead. And let's just talk about the $14 billion worth of interest each year that we now look at. That is $1.167 billion a month, $269 million per week, $38 million a day and $1.6 million an hour, and in my five minutes that is $133,000 we are borrowing to pay Labor's interest. That is exactly what we are doing. In my five minutes, for those Australians who are watching, we have to borrow from overseas $133,000 to pay for Labor's debt and deficit. There is never a better reason for us to live within our means than that one. And I would say to members opposite, when they talk about debt and deficit, that their record is so poor and will go down in infamy in the history of this nation. I would say to them as well that thanks to Labor spending over $100 million more a day than what we collect is $40 billion a year more than we are actually taking in. (Time expired)

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