Lies, damned lies and ALP spin …
Consider this Emma Alberici paragraph …
Back to that $96 billion “Labor debt” inherited by the Howard government in 1996 – which actually comprised $40 billion of Fraser government debt that carried through the Hawke-Keating years taking the true level of Labor debt in 1996 to $56 billion. Bringing down that debt wasn’t all about constrained spending and higher taxes, in fact neither of those things were characteristics of the Howard-Costello years. Government asset sales between 1996 and 2007 worth $72 billion wiped the net debt out entirely with $16 billion to spare.
Read Sinclair Davidson on its history and innacuracy.
bobmcgee 