Senate debates

Wednesday, 29 September 2010

Matters of Public Importance

Economy

5:03 pm

Photo of Doug CameronDoug Cameron (NSW, Australian Labor Party) Share this | Hansard source

Thank you, Mr Acting Deputy President. That is a very fair ruling, and I will definitely address the issue through the chair. What the opposition say is that government borrowing is bad, private borrowing is good and the market should just be left to get on and do the job. That is what the tea party extremists are here in Australia telling the Liberals and the coalition now. The tea party message to the Liberals is that government debt is bad, private debt is good and income tax cuts should simply be the answer to everything. That is the proposition that these guys from the coalition are dealing with now. They act as if there was no global financial crisis ever. They are trying to pretend there was no global financial crisis.

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