Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

There is no alternative approach. The only approach that has been outlined by Mr Abbott and Mr Hockey is: 'Just leave it with us and we'll get back to you after the election. We'll tell you after the election just what we will cut.' Well, the reality is this: either those opposite accept the savings measures the government has put on the table or, if they do not want to take them, they tell Australians what else they will cut or they confess that they are actually going to have bigger deficits. Those are the economic facts.

The reality is that we have an opposition leader and an opposition Treasury spokesperson who do not want to let Australians in on the secret, on what their real plans are, on what their real cuts are, on the fact that they would cut to the bone, because that is always what the Liberal Party does, were they to win— (Time expired)