Tony Smith (Casey, Liberal Party) Share this | Hansard source

The shadow minister interjects. He highlights his embarrassment over this issue of taking kids' bank accounts, taking pensioners' accounts. This is the fiscal equivalent of putting your hand down the back of everyone's lounge looking for gold coins. That is where you have got to in government. Those opposite come into this House on the last sitting day before the budget, 18 months nearly into this term and they do not have one idea of how they would fix the mess. Their answer is to stay on the debt road. The parliamentary secretary was quite right with his GPS analogy—you will forgive me for not following it; I am not as good an actor as the parliamentary secretary.

That is a very good analogy because Labor got us on the debt and deficit road. They got us from money in the bank to 15 per cent of GDP. They promised surplus after surplus and delivered deficit after deficit. Having created the mess—

Mr Giles interjecting—

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