'Our government wiped out the debt and left money in the bank' - on the Triggernometry podcast

I was part of a government that left Australia with no debt and Money in the Bank I was one of the five people co-opted by the then prime minister in 1996 go and wind back the deficits and then we'll see if we can pay down the debt we got rid of the lot over 11 years left money in the bank and now that's been largely squandered uh and so we've got a big debt again and I find that extraordinary because it is really impacting on taxpayers today and our children because the fastest growing area of expenditure in Australia is the interest on the debt so the taxpayers have got to find a whole heap of money before you build a hospital or pay nurses or provide police or buy a destroyer for the Navy before you do anything you've got to Fork out a whole lot of hard-earned money and it says something very profound about our culture that we've reached that point where it doesn't matter

Channel: John Anderson

Views: 53,126

Keywords: John Anderson, John Anderson Conversation, Interview, John Anderson Interview, Policy debate, public policy, public debate, John Anderson Direct, Direct, Conversations

Id: 26rui7wnWoA

Length: 0min 54sec (54 seconds)

Published: Mon Jun 26 2023