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We were recently reminded by the Commission of Audit of the immense challenge to restore the Budget over the long term.
Six years of Labor delivered:
Six years of Labor delivered:
- five record Budget deficits,
- a further $123 billion in deficits for the next four years, and
- debt projected to reach at least $667 billion.
Today we are releasing a document that sets out in detail the legacy that Australians have been left by Labor.
While the Coalition Government did not create this mess, we are determined to do the responsible thing by all Australians.
The next step in the Abbott Government’s Economic Action Strategy to build a strong, prosperous economy will be the release of the Budget next Tuesday night.
The Government will face up to the difficult but necessary decisions to repair the Budget so that we can build a stronger economy.
It is in building a stronger economy that we can create more jobs, help small businesses and families and ensure there are more opportunities for all Australians.
Regards,
Mathias Cormann
Minister for Finance
The next step in the Abbott Government’s Economic Action Strategy to build a strong, prosperous economy will be the release of the Budget next Tuesday night.
The Government will face up to the difficult but necessary decisions to repair the Budget so that we can build a stronger economy.
It is in building a stronger economy that we can create more jobs, help small businesses and families and ensure there are more opportunities for all Australians.
Regards,
Mathias Cormann
Minister for Finance
64 Pages of the sad and sorry mess that Labor left Australia in
Or the 64 page PDF is here
you have to look at the surrounding global events at the time and consider the economic changes that were happening. Swan did a good 'job' as Treasurer and I had a high level of confidence in him whilst he was Treasurer.
Hockey has DOUBLED the deficit we have .....in less than 8 months. This action alone does NOT instil confidence or trust....especially when he keeps blah-blah-ing on about how we all have to tighten our belts and pay back the debt.
He is an outright hypocrite, is misleading - tells big fat porkies actually.....appears very flustered.
No. I do not trust Hockey can do the job of Treasurer effectively
....pollies enjoy perks - even after leaving public office.
I see you are into comparisons poddster.
Here's an obvious comparison we should consider and that may interest you:
Lap band surgery is an alternative remedy for weight loss. Greedy portions and feeding frenzies cannot be tolerated afterwards but......
the stomach will eventually stretch again, sometimes to the same size it was prior to surgery. But by then, the hope, is that you would have already learned portion control, self-control, healthy eating habits, and have brought yourself back down to a more reasonable weight and fitness level.
- vs -
http://www.museumofman.org/blog/how-shrink-human-head
Neither technique will work LOL 
