Australia’s trillion-dollar debt can’t be fixed ‘quickly’

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One term in office will not completely fix the damage that’s been done to the economy or the budget, says Shadow Treasurer Jim Chalmers.

“We don’t pretend that an incoming government of either political persuasion can turn that ship around quickly.

“The damage that has been done by this government – which doubled the debt even before the pandemic, means that one budget, one term in office will not completely fix the damage that’s been done to the economy or to the budget.”

 

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Your economic plan, which i have read, is full of fantasy. Selective stats not the real picture. Jobkeeper is now a waste, yet supported by labor at the time. We are still paying for Labor's 2007-13 policies and grand waste during GFC. JEChalmers JoshFrydenberg

Remember this people?! The ALP are Hypocrites!!!auspol ausvotes

LibsAlwaysTaxMore LibsAlwaysTaxMore LibsAlwaysTaxMore LibsAlwaysTaxMore LibsAlwaysTaxMore LibsAlwaysTaxMore LibsAlwaysTaxMore LibsAlwaysTaxMore LibsAlwaysTaxMore LibsAlwaysTaxMore LibsAlwaysTaxMore LibsAlwaysTaxMore

It's the US enticing the vassal to spend big on a fictional boogeyman. Wake up vassal... wake up

AlboForPM LNPliarsCrooksThieves

They forgot we had 2 years in limbo because of the pandemic and they should be grateful they didn’t have to deal with that

So true The Morrison Government has destroyed the economy LNPMassiveFail abc730

Sounds like Labor making excuses already 😳

Sounds like a get out of jail card from Labor. Never want to be accountable for anything.

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