Tony Abbott (Warringah, Liberal Party, Prime Minister) Share this | Hansard source

just to pay the interest on Labor's borrowings and, under the policies of members opposite, within a decade it would have been $3 billion a month. We simply could not go on like this. Every year of deficit takes us deeper into debt, and every year the debt goes up the interest bill just increases. It just goes up and up and up and up.

See this speech in context