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

Labor were miraculously going to go further and harder than the coalition in cuts to the budget in order to bring it back to surplus.

So let us get it right: Labor is not just opposing $40 billion of savings that we have in our budget—which gets it from 3.7 per cent to 2.7 per cent—but Labor is opposing $20 billion before the budget, including $5 billion that they took to the last election. So, they are not only opposing everything we are doing and everything that they promised at the last election but they would need to find tens of billions of dollars to meet their target. It just shows you that they are complete hypocrites.

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