The Government campaigned on a platform of surplus. “Superior economic management,” they claimed. Now, with the economy tanking, they are asking people to spend.
The explosion in government spending which suddenly ramped up last May will leave the incoming government buried in debt but worse, it will leave whoever wins the impending federal election tied to billions of dollars in spending commitments which never went to tender.
The Coalition has just doubled all government debt accumulated since Federation. In under six years. Alan Austin reports.