Our current net financial worth is at -17.0%. In 2009 it was -6.0%. And when Labor got in it was -1.5%.
So net financial worth has deteriorated by $233B since Labor got in. That is serious overspending.
I would also point out that Ireland had a similar arguement a few years ago with public debt levels around 25%. They then bailed out their banks and it shot up to 95%. You want to make a wager that when something similar happens here the Labor Government will bailout the banks?
You also ignore private debt levels which are the highest in the world.
There will be a world of hurt coming and we have total incompetent and nasty little numpties in charge...
