scuba_steve2121
On The Road To Serfdom
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its all to do with the business cycle not who is in power.Labor gets into power, takes the credit for being good economic managers and spends Australia into the ground
Liberal gets into power and spends a decade being brutally frugal and fixing it back into surplus
rinse and repeat
if liberal was still in power it is very probable they would of followed suit with the rest of the world and spent that stimulus.
then labour would of been voted in the next time aka this year and started to repay the debt once the economy recovered which by the way doesn't look like its going to happen for a very very long time.