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

You know! That is very astute. The problem is you do not do. You know but you do not do. And, because you know and you do not do, the Labor Party left a whole lot of time bombs in the budget. The Parliamentary Budget Office on Friday said it was $101 billion yet to be legislated—$101 billion over 10 years. And do you know what? One hundred and one billion dollars over 10 years; $58.6 billion of commitments by the Leader of the Opposition over four years. He spent $220 million a minute in his budget in reply speech. He did not have savings of $220 million a minute; he had expenditure of $220 million a minute. So let me get this right. Labor come in here and cry crocodile tears about government expenditure and yet they do everything they possibly can to block us from reducing government expenditure in the Senate. That is hypocrisy. I am giving them the opportunity to deny the word hypocrisy but I do not think they will. Because underlying that hypocrisy is the inherent weakness—

Mr Snowdon interjecting —

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