Budget Spin: Labor’s debt a ‘disaster’; Coalition’s debt, three times larger, ‘sustainable’
When gross debt was 16.8% of GDP in 2013 under Labor, the Coalition condemned this as “spiralling out of control” and a “debt disaster”. Now, debt at 40.2% and rising to 50% of GDP under the Coalition is “strong and sustainable”. Either the Coalition was lying then or it is lying now. Or both. The hypocrisy is galling. Alan Austin reports.
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