Senate debates

Thursday, 17 July 2014

Questions without Notice

McGrath, Senator James

2:59 pm

Photo of Eric AbetzEric Abetz (Tasmania, Liberal Party, Minister for Employment) Share this | Hansard source

Senator Cameron desperately, on behalf of the Australian Labor Party, continues to peddle this line that somehow the $80 billion to which he refers was actually funded. Every Australian knows that the promise of the $80,000 million, that was to be paid some time into the future, had no revenue base in any way, shape or form other than from borrowing from overseas. That was part of the trajectory into debt, which came to $667,000 million, something which the Labor Party seeks to deny. You cannot have it both ways. The $80 billion was part and parcel of the $667 billion. You know that, those on the other side know that and, Mr President, it is vitally important— (Time expired)

Comments

No comments