Nick Sherry (Tasmania, Australian Labor Party, Shadow Minister for Banking and Financial Services) Share this | Hansard source

I was going to say, Senator McGauran, that we are waiting for National Party policy across a range of areas, but that response is not relevant to you anymore. Senator McGauran took that decision to continue to be a doormat but at least a Liberal Party doormat. We had a foreign debt level of $473 billion in 2005. Unless urgent long-term plans are put in place to at least try to reduce the trade deficit, it will continue to climb.