Australian Debt Clock

According to the Australian Debt Clock, Hockey is racking
up national debt at a higher rate than Swan.

Swan racked up $280 billion debt in 6 years -  average $46.6 billion/year

Hockey has added $120 billion debt in 18 months which is an average of $80 Billion a year.

http://www.australiandebtclock.com.au

It is what it is and spin to hanging tales on donkeys won't help.

The answer is higher taxation now and not later.

This Government has cancelled/changing 3 forms of potential tax revenue
-repealed the MRRT (big miners paying less tax)
-repealed CO2 tax (Polluters paying less tax- Electricity bills only went down with drop in
   price of oil/coal; not due to the removal of CO2 tax)
-reducing company tax by 1.5% July 1st (dropping from 30% to 28.5%)

This is precisely opposite to what the Government should be doing while racking up
$80 billion a year in debt.

Moorookamick