House debates

Tuesday, 23 September 2014

Questions without Notice

Budget

2:18 pm

Photo of Clive PalmerClive Palmer (Fairfax, Palmer United Party) Share this | Hansard source

My question is to the Treasurer. Under that great Liberal Prime Minister and founder of the Liberal Party, Sir Robert Menzies, the Australian economy had a debt level of 40 per cent of GDP. Why does the government seek to shrink the money supply and domestic demand when our debt level is only 12 per cent of GDP and the average OECD country's debt level is 73 per cent of GDP and Australia has a AAA credit rating?

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