australia faces a decade of debt, page-55

Very misleading Glug. Fraser's debt was $16B. Check actual Treasury figures. The figure you come up with from The Kouk and others is the inflation-adjusted figure for today. It is spin,

And from that figure of $16B, how much was because Whitlam had massively increased Government spending leaving a 'timebomb' for the next Government?

This Government receives $70B more in revenue than Howard's last year but spends $100B more. Result is deficit. Year after year.

This Government overspends.