Michelle Landry (Capricornia, National Party) Share this | Link to this | Hansard source

My question is to the Treasurer. Can the Treasurer outline how he is implementing the plan the government took to the election to fix the budget and the economy?

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

It was a terrific plan that we went to the election with. Madam Speaker, you would be aware of it. It was a terrific plan that focused on building a stronger economy, on getting Labor's budget deficit under control, on putting in place a program to start to pay down Labor's debt, on removing regulation which is a handbrake on the Australian economy and a handbrake on so many businesses, and on giving Australians more control over their lives and not having Canberra second-guess every aspect of their being.

We put in place a policy program which focused on removing those handbrakes by getting rid of the carbon tax. Getting rid of the carbon tax is going to grow the Australian economy. It is going to help every household in Australia by $550 a year. The Labor Party said they were going to terminate the carbon tax but they are so determined to terminate the carbon tax that they have voted to keep it! That is the Labor Party. We should not be surprised about that because they were so appalled at the failure of the mining tax to raise any money that they want to keep it. The mining tax itself is a cost to the budget of over $13½ billion, but the Labor Party has decided that it wants to deepen the deficit and increase the debt that was the legacy of Labor. They want to do it in opposition was well as having done it in government. That is quite an achievement.

We had the courage to go to the election with $42 billion of savings. We were upfront with the Australian people. That is a courageous thing to do. In politics to go to an election with $42 billion worth of savings is not terribly popular but it is the right thing to do. Labor also went to the election with savings, like $2.3 billion on higher education cuts to pay for the Gonski education proposals. I am reminded of the statement by Craig Emerson, the former minister for education—he even had a great graph showing how the Labor Party was increasing expenditure on education despite the cuts. Labor is now so concerned about the cuts they announced that they are going to oppose their own cuts. The Labor Party is so determined to ensure that we keep their policy on Gonski that they are going to vote against the funding of it. That is Labor Party hypocrisy. The problem is that the Labor Party had no principles in government and it has no principles in opposition. It is only good at stabbing itself on the back and now it is very good at being a hypocrite.

Chris Bowen (McMahon, Australian Labor Party, Shadow Treasurer) Share this | Link to this | Hansard source

My question is to the Prime Minister. I refer to the Liberal Party television campaign featuring the Prime Minister saying the coalition would repay the debt. Prime Minister, why has the government struck a deal with the Greens to allow the government to rack up unlimited debt, the opposite of what the government promised?

Mrs Bronwyn Bishop (Speaker) Share this | Link to this | Hansard source

The member will resume his seat. Members will not use props in question time, and that includes the shadow Treasurer. I call the honourable member for McMahon to ask his question with no props.

Chris Bowen (McMahon, Australian Labor Party, Shadow Treasurer) Share this | Link to this | Hansard source

Certainly, Madam Speaker. I refer the Prime Minister to the television campaign featuring the Prime Minister saying that a coalition government would repay the debt. Prime Minister, why has the government struck a deal with the Greens to allow the government to rack up unlimited debt, the opposite of what the government promised?

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

Our fundamental commitment was to clean up Labor's mess—and I tell you what: when it comes to cleaning up the mess, even the Greens are more responsible than the Labor Party. The Labor Party now makes even the fringe dwellers look good.