"...and spent an unsustainable $314 billion in new expenditure and poorly targeted tax policy.
Just in case you missed it folks he's of course quoting the government here.
The same government who has crazily announced many billions of dollars of expenditure....cerhob"
cerhob, where you purposely trying to mislead everyone here on HC by excluding that the quote you posted related to the budgets from 2003-04 to 2007-08 and not the current government?
"...From 2003-04 to 2007-08 Budgets, including the forward estimates, the previous government received an additional $334 billion in unexpected revenue, and spent an unsustainable $314 billion in new expenditure and poorly targeted tax policy...."
http://www.budget.gov.au/2012-13/content/glossy/tax_reform/html/tax_overview_02.htm
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