Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

I would ask the Senator to have a close look at our budget papers. What he will see in the budget papers is that the spending growth trajectory that we inherited from the Labor Party is unsustainable. This generation right now is living beyond its means. This generation right now is forcing future generations to fund our cost of living. This generation, as a result of the waste and the mismanagement of the Labor Party, is forcing our children and grandchildren to pay the price for our entitlements—with interest. What we want to do is replace the old age of entitlement with a new age of opportunity where everybody has the opportunity to get ahead. That is what I am here about, that is what every one of my colleagues is here about and that is what we will achieve in government.