Media Release

More Debt Is Not The Answer

Wayne Swan is yet again in Wayne’s world. Wayne Swan’s call for developed countries at the G20 to take on more debt is ludicrous.

The Treasurer must recognise that if debt is the problem then more debt is surely not the answer. All countries must learn to live within their means and Australia is no exception.

Wayne Swan’s call is code and cover for Labor to keep on borrowing, and is the clearest sign yet that he is trying to justify the fact he has lost control of our nation's finances.

Julia Gillard and Wayne Swan have driven up Australia’s credit card to over a quarter of a trillion dollars.

Labor does not live within their means; it is just not in their DNA. They never have and they never will.