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

You will own these cuts. You will own every single cut, and why? Because the Labor Party likes to spend other people's money, but sooner or later other people's money runs out. That is the thing about the Labor Party: they are very good at spending everything that they do not own. They are very good at placing obligations on people who do not have a voice in the Labor ranks.

So I say to the Labor Party: stop the games. This is your debt limit. It is your debt. You have to at some point accept personal responsibility for your actions in government. If you do not, you will wear this like a crown of thorns and we will ensure that the Australian people know at every single point that you are incompetent managers, not just in government but also in opposition.

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