Barnaby Joyce (Queensland, National Party, Leader of The Nationals in the Senate) Share this | Hansard source

They always get upset when you mention debt because they know that that is where they are vulnerable. They do not understand that they are $217 billion in gross debt. Do you understand that, Minister Conroy?

Senator Conroy interjecting—

All of it—you fool! All of it. That is it. That is how stupid he is. There is $217 billion of Australian government securities and how much of that is Commonwealth? The whole lot.

Senator Conroy interjecting—

That is the classic example of how completely and utterly incompetent they are. He just asked on the Australian Office of Financial Management website, a Commonwealth government website, 'What Australian government securities are outstanding? How much of that is federal debt?' The whole lot, you clown. And they are running the country, and that is what we are seeing in the person who sits in proxy—