Australia’s Federal Government

DEBT & DEFICIT COALITION VS LABOUR

• COALITION STORY:• LAST TIME WE TURNED LABOUR’S DEFICIT INTO SURPLUS• AND TURNED THE DEBT INTO SAVINGS• THIS WAS A MAJOR + FACTOR WHEN THE GFC HIT IN 2009• WE NEED TO DO IT AGAIN BEFORE THE INTEREST BILL KILLS

FUTURE GENERATIONS & ANOTHER CRISIS HITS THE WORLD

• LABOUR & GREENS STORY:• THERE IS NO PROBLEM WITH DEFICIT AND DEBT• WE HAVE ONE OF THE LOWEST LEVELS IN THE OECD• THIS BUDGET IS ABOUT RIGHT WING IDEOLOGY• WE NEED TO KEEP THE PAYMENT SIDE FLOWING AND HIT THE RICH

AUSTRALIAN DEBT CLOCK TICKINGwww.australiandebtclock.com.au

The Potential Problem

$1 Trillion Labour Debt!!

The Herculean Task to Return to near Savings($100Bn debt)

To return to $100Bn dollars of debt by 2025, the Federal government has to return to surplus by2016, and run $65Bn surpluses for 9 years