Rightly or wrongly $100 billion was earmarked for the stimulus, though I don't know what was actually spent on the stimulus.
The drop in receipts from over 25% of GDP to around 22% of GDP would explain some of the debt.
As to the rest, maybe someone who has done some work on that could post their analysis.
The jump in debt from $84.6 billion to $147.3 billion over a period of one year is a concern.
Maybe Labor also need to be trying to increase receipts back to the 25%+ of GDP.
By doing this, it would increase receipts by more than $50 billion per year.
If they had of maintained the level of receipts up around the previous 25%+ level, then potentially we would not have any debt.
Sherlock Buffet, a different view is not bias, as I said in my post, there is nothing wrong with having a different view.
The inability to discuss, address or present arguments on issues based on their merits because of some preconceived political bias view, is what I talking about.
A good example to highlight what is preconceived political bias is comments like "You leftists can't help yourselves.".
peterd, here are graphs going back to 1971 with net and gross debt to give a better comparison.
