another stupid idea from Labor...., page-68

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    Albo telling porkies;
    The claim

    As he vies to become Australia's next prime minister, Opposition Leader Anthony Albanese has hit out at the Coalition's economic record.
    Speaking on Brisbane radio station 4BC, Mr Albanese claimed the Coalition government "hadn't been governing in Australia's interests".
    "People know that debt has never been higher, deficits have never been higher," he said.
    So, what do the history books tell us? RMIT ABC Fact Check investigates.
    The verdict

    Mr Albanese is wrong.
    Historical data shows that debt and deficit, when measured against GDP, were higher in the years following the world wars when compared with current levels.
    It is this measure economists use to make comparisons over time for debt and deficit, rather than nominal figures, which do not take into account the size of the economy.
 
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