Matthew Canavan (Queensland, Liberal National Party) Share this | Hansard source

What we have heard from the other side in this debate on pension indexation is a clear reflection of the fact that they are completely unengaged with the real problems we face as a nation. The real problem we face is how we are going to continue to pay for stuff. We all want more stuff in our lives but we have to pay for it somehow. The Intergenerational Report 2015, which came out last week—one of the most important reports for some time—shows that if we continue on the path we are on and do not do anything, in 40 years' time the pension is going to cost us $165 billion a year in today's dollars. If you want to check that, Senator Conroy, go to page 69 of the report. That is exactly what it says.