Joe Hockey (North Sydney, Liberal Party, Treasurer) Share this | Hansard source

The problem for our opponents is that if they cannot be honest enough with themselves about what their legacy really was they will never be able to deal with the challenges of the future in an honest way. They do not get it. This is their legacy: $123 billion of deficits, $667 billion of debt, and an Australia that is not as competitive with the world as it should be. That is the Labor legacy, but they do not get it. Instead, they try to create a fictional legacy, and they repeat it and repeat it and repeat it, thinking that the Australian people are so stupid that eventually their fiction will become a truth.

The fact is Labor were terrible economic managers. Labor were hopeless at running the economy. Labor were hopeless at running the budget.

Mr Champion interjecting—

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