Australia's debt for the end of the 2013 after LNP took control in September was almost exactly as was projected @ around $178b. Despite the fact that Abbott and Hockey promised they were going to reduce net debt by $30b in the next financial year to $148B - what happened - it increased by 34% to $244B.
Hey its just a lazy $100B extra - don't worry about it.
I'll give you couple of reasons why Australia has gone backwards
Someone killed off our manufacturing industry just when everybody in the world knew we would need it because of a down turn in the mining sector. Same person killed off similar investment in renewables.
End result higher unemployment = more costs for govt.
So perhaps it would be smart for an "adult" govt to look at revenue then - so what do Dumb and Dumber do - give up revenue from the mining tax and the carbon tax but keep all the expenditures - now seriously how dumb are you to do that!!!
