There he is on 7.30 report saying expenditure is a problem but over the cycle, revenue isn't a problem.
Earth to Scott - bottom has fallen out of China - projected revenue on resources has been slashed - not just for the next week but for the next five years.
Simple facts - long term expenditure is 26% of GDP, long term revenue is 23.5%, long term averages is 25% for both.
We have a revenue and an expenditure problem.
Why oh why can't he acknowledge even that most basic fact.
