Wayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

This is just astounding—a question about foreign debt from the shadow Treasurer! Foreign debt exploded under the Liberal Party. Get this. Between 1996 and 2007 the Liberals left the nation with a 200 per cent increase in net foreign debt, a 460 per cent increase in credit card debt, a 340 per cent increase in household debt, a tripling of private sector debt and a 450 per cent increase in corporate debt. So—with an appalling record like that—they should be the last people to come into this House and lecture anyone about levels of debt.

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