That is because the Libs left the economy in good hands 2.5 years ago.
Labor spent much more than was needed on their stimulus. Just about all of the $16 Billion BER spending came AFTER the GFC concern had ended. Much of that money was wasted.
Labor just loves to spend and rack up deficits. Its happy to run up the borrowings until we get close to 90% of GDP owed.
Julia says she would do the BER again. Clearly no lessons have been learned.
Just look at all the wasted spend on advertising the mining tax which was never going to happen! What waste.
Swan doesnt even know how much debt is added each day. He doesnt know what it costs in interest. He doesnt care as its "affordable" he says.
The labor answer is that one budget in about 2013 will be a small surplus. Labor has never once talked about repaying the debt. That is a completely foreign concept to them.The debt will never be repaid under Labor.
No Labor govt has ever had a budget in surplus in the last 20 years!
The current forecast by Labor relies heavily on very high mineral prices. Its a hope like hell budget.
Labor is very happy to spend $40 Billion to $80 Billion on the NBN business venture without even having a business plan! That is such poor economic management as to be unbelievable.
