peter costello smashes wayne swan, page-25

I am sorry but you statement is totally incorrect.

Labor were left with as best I can recollect $40 Billion in the Bank.

Labor with their incompetence have turned a $40 Billion Credit to a $240 Billion Debt.

For those that think that is ok you need to remember that ALL DEBTS have to eventually be paid by you and me and other Tax Payers and their children and grand children.