Krudd finally admits to creating unprecedented debt

[ZSedlacek]

There's nothing wrong with a deficit, borrowing allows us to spend more money and grow faster!!

[jeremytravers1]

I just find it funny that Albo couldn't even do the "boom" impersonation properly!

[squellock]

KRudd, How much is that interest to banks? It was over $40B in 2008. Not a penny of it necessary/ See the Australian Constiutution. Johnny

[hdang555]

And I thought Canada's first deficit in ten years was bad...

Canada's deficit is expected to be $56 billion by the end of this fiscal year.

[ddball1]

Laurie Oaks a day or two later decided to criticize Turnbull for earning millions while ignoring Rudd for losing billions.

[llllloooooo]

I am really annoyed by this argument the ALP puts about coalition members who accept spending in their electorate while being opposed to debt. I mean, people in coalition electorates still have to pay for it all...why the hell shouldn't they at least get some benefit from it? If I were a Liberal MP I'd say "We'll go without the pink bats and school hall if you promise that this electorate doesn't have to pay back the debt and therefore gets lower taxes."

[kevvys1a1woos]

Well said!