Barnaby Joyce (Queensland, National Party, Leader of The Nationals in the Senate) Share this | Hansard source

Mr President, I ask a supplementary question. I refer the minister to the front page article in the Australian today, which shows that state and federal debt will climb to $552 billion by 2014. Does the minister believe that the Future Fund chairman, Mr David Murray, is being sensationalist or scaremongering when he says, 'If the economy is already indebted, and terms of trade are at an all-time high, causing capacity constraints in the economy, incremental indebtedness of governments will crowd out the private sector'?