Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

As a result of the waste and mismanagement of the Labor Party in government, we are in a situation now where we have to borrow $1 billion a month just to fund the interest on the debt that they have accumulated in government. Just imagine. That is like a family putting their groceries on the credit card, putting their wine and their utilities or whatever onto the credit card and getting their children and grandchildren to pay the price for it. Actually it is worse. It is the same as putting your groceries on the credit card, running the credit card up and borrowing more money to pay the interest on your credit card so that your kids eventually, down the track, have to pay the bill. That is reducing opportunity for our children and our grandchildren. We want to create opportunity for our children and grandchildren. We want to build a stronger economy, where everyone has the opportunity to get ahead. We want to build a stronger economy, where people have more opportunity, not less.

Honourable senators interjecting—