"Swan raised the debt ceiling from $75 Billion (where Costello had it) to $300 Billion?"
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Just so we can add a little perspective, thats a 300% increase.
Meanwhile on Planet Western Australia, the WA LNP Govt have increased their debt* 600% (in a shorter time frame).
* legend says conservatives always reduce debt.
treasurer joe hockey says commonwealth debt..., page-97
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