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Sussan Ley
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Sussan Ley and Ted O'Brien

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The average mortgage holder is now paying more than $23,000 a year in interest than when Labor was elected.
Labor has mismanaged the economy, and Australians are paying the price.
$50,000 every single minute just to pay the interest on Laborโ€™s debt.

That is how Labor is using your hard earned tax dollars. Not to fix problems, not to build the future, just to service the bill.

$1.2 trillion of Labor debt means generations of Australians will be paying for the government's spending binge. And under Anthony Albanese, that debt is only getting bigger.

Only the Liberal Party is serious about restoring budget discipline and reining in government spending.

Only we are focused on easing inflation, lowering taxes, and taking pressure off Australian families.
Every single minute, Labor burns $50,000 on interest alone.

That is $50,000 of Australiansโ€™ money gone. Not to schools. Not to hospitals. Not to Medicare.

Despite that, Labor keeps spending. Keeps borrowing. Keeps piling it on.

The result is $1.2 trillion in Labor debt.

Debt that Australian families carry today and our children and grandchildren will pay for tomorrow.

When Labor spends, Australians pay.
This rate rise is not an accident. It is the direct consequence of Laborโ€™s higher spending, which has kept inflation higher for longer.
According to Jim Chalmers, itโ€™s never his fault.
This is Laborโ€™s cost of living crisis. When Labor spends, Australians pay.
Todayโ€™s rate rise is not an accident. 

It is the direct consequence of Laborโ€™s addiction to spending, which has kept inflation higher for longer and left the Reserve Bank with no choice but to keep tightening.

Australians are paying the price for Laborโ€™s choices. Not just in higher mortgage rates, but also lower real wages, rising tax bills, and soaring prices for everyday essentials.

This is Laborโ€™s cost of living crisis. When Labor spends, Australians pay.
Australia is heading in the wrong direction under Labor.
Australians are paying the price for Laborโ€™s mismanagement of the economy.
Under Labor, the cost of living crisis is getting worse, not better.
Today's interest rate hike is a heavy blow for millions of Australians already under pressure.

It did not have to happen.

Laborโ€™s reckless spending has kept inflation higher for longer, pushing up the cost of everything from the weekly shop to the mortgage.

Despite the warnings, they kept spending and kept borrowing.

That is not serious economic management.

When Labor spends, Australians pay.
Labor have nobody to blame but themselves for the inflation surge Australians are experiencing.
Under Labor, Australiaโ€™s inflation rate is higher than every major advanced economy.
My team and I are focused and determined to hold the Albanese Government to account.

Their reckless spending has pushed inflation higher and families are paying the price at the checkout and on their power bills.

This is Laborโ€™s cost of living crisis. They spend, prices rise. Australians pay.

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