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Thursday, 14 November 2013
Page: 327

Economy


Mr SHORTEN (MaribyrnongLeader of the Opposition) (14:07): My question is to the Prime Minister. I refer the Prime Minister to his Treasurer's pre-election statement—and it is a cracker:

Well, if debt is the problem, more debt is not the answer.

Prime Minister, what has changed? If something has, why not give Australia a full and frank budget update?


Mr ABBOTT (WarringahPrime Minister) (14:07): Everyone knows which party in this House is the party of debt and deficit, and it is members opposite. We all know that members opposite were completely incapable of managing debt and deficit when they were in government. Now they think they can manage debt and deficit from opposition. What frauds they are. We will deal with Labor's debt and deficit problem. We will deal with it. Members opposite were like bad tenants who trashed the house before they were evicted. We are here to repair the place that they have so badly damaged. Members opposite should stop interfering with the fiscal repair job that this country so desperately needs.