mariacostel wrote on Jan 29
th, 2016 at 7:55am:
You seem to forget that even if I do, fools like DNA and JS will not believe them anyhow. Besides, do you really need a link to remember the 6 consecutive Labor deficits? Is your memory as bad as your integrity?
Budget final results from Australian Government budget web site.
2008 +21B (Surplus)
2009 -27B GFC
2010 -54B GFC + $42B stimulus spend.
2011 -47B Additional stimulus spending (Phase 2)
2012 -43B
2013 -18B
Here we see the impact of the GFC followed by decreasing deficits.
2014 -48.5B (result of cutting back income and uncontrolled spending).
2015 -37.9B (Started to reign in their excesses)
2016 -38B projected. (still poor performance)
So we look at the raw facts and it does not look impressive for the Liberals. They took power and went on a spending spree. The position today is that they seem to have somewhat arrested their deficit at a level $20 B above what they inherited.
Hardly impressive and there are no excuses for this failure.