House debates

Thursday, 4 February 2016

Bills

Social Services Legislation Amendment (Budget Repair) Bill 2015; Second Reading

12:29 pm

Photo of Dennis JensenDennis Jensen (Tangney, Liberal Party) Share this | Hansard source

The Social Services Legislation Amendment (Budget Repair) Bill 2015 is timely and critical to the long-term economic health of our country. Maintaining our current high standard of living in the future depends on it. This bill is another brick—another protection—in the dam wall against the sea of red ink left by Labor. So why is this bill so important? Why is it so important to take action, and how bad is this mess? After six years in power, Labor left Australia with a broken budget, a damaged economy and a serious mess to clean up. Labor delivered deficits totalling $191 billion. Treasury projected that without policy change the budget would be $667 billion in deficit.

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