The major problem with col, besides been a dropkick,is he took the price of iron ore at the top of the cycle,when he should have been more conservative.
Liberal Treasurer Mike Nahan said $17 billion in anticipated revenue over the budget years had disappeared since last year's forecasts.
"That's the biggest revenue shock a government, state or federal, has experienced in Australia since the Great Depression," Mr Nahan said. "Any government ... would have run a deficit given this shock."
