80 bil budget blow out!, page-8

The IMF rates Australia as the best performing economy in the developed world. A big part of this is government spending to reduce the impact of a deteriorating global economy, when the worm turns and the global economy recovers, economic activity increases, tax reciepts increase and the surplus can be used to repay the debt. Its called smoothing the economic cycle.

If the liberals were in power during the GFC and ran a balanced budget youd all be complaining about a high unemployment rate, no question.

Think about it.