Nick Sherry Tasmania, Australian Labor Party, Assistant Treasurer
2:05 pm
There has been a considerable degree of criticism by the Liberal-National Party of the Labor government’s stimulus packages. Firstly, on the issue of debt, the predominant reason for government debt has been the collapse of revenue, some $210 billion, arising from the global financial and economic crisis. One important aspect of the fiscal stimulus has been to cushion the Australian economy. What the Liberal-National Party effectively is arguing is: no stimulus and let unemployment go up—
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