Gross debt FY08 was $58 bill; surplus was $19.8 bill.
Gross debt estimate FY14 $324 bill deficit $30.1
This was the year the Gillard/Swan government promised over 500 times the budget would be in surplus.
When you as part of the Labor government have racked up this much debt in seven years it defies belief that you can start lecturing other people about incurring debt.
As to leading did not I see pictures of students rioting against Joe Hockey on television recently?

this is what you get with change of govts
the public service 'briefing'..and things like the fed saying give me an extra 9 billion..[ps your not getting any of it]..thus the bankers get ever more bonus..and main street..gets ever more bailed out by the suburbs

joe..you want/money..stop giving it to the fed
stop giving tax-free*..fuel to..miners..they have to..pay something
and GIFTING them 12 billion of fuel subsidy..is crazy

ditto..all/this tax payer money..going to auto industry
subsidization..of..new car leases[3 billion]..its nuts..the por cant afford public service largess

sack all the heads..stop gifting free leasehold minerals..etc etc..to..the greedy..re install death DUTIES./.upon trusts and other non0living ENTITIES

govt must only help..the little guy[full stop]
small govt controlling ITS own..money supply..NOT BAILING OUT BANKS*

thing is..the fed cant save the us dollar
either stopgiving our wealth..to the fed..or take BACK..the commonwealth bank[soldf for 8 billion..now paying more thanthat out to iyts shareholders..when we ALL are the shareholder/ditto the theft..of telstra etc etc

treason joe..your mate and you do high treason
now you want more..GO TO..HELL PAL*
[you resisted it..before..now RESIST EVEN HARDER
stop selling-off our assets[ps the common-WEALTH/bank..[alp-sold]..is now worth over 120..billion..today

sold for pennies on..the pound
by acts of TREASON*

just like the fed..stole our silver gold copper from..our coin
and the fed..is bailing out big money..in wall street...

tell imf to go to hell
we want our money back..as well

So, what else would you expect from a party that is already setting itself up to win the nest election?
And, should we be surprised that most politicians seem inherently dishonest or "extremely flexible"?
That the national interest is invariably subverted, or made a virtual hostage at the political altar of the party's interest?
Joe Hockey and or the coalition could fix the budget deficit, I believe, with the stroke of a few keys and quantitative easing? [This would also have the added benefit of putting downward pressure on a quite grossly overvalued AUD.]
Or even better, with extremely long overdue real reform!
Real reform that simply makes tax avoidance impossible; tax reform the finally restores true equality; (garners as much as an extra 100 billion more annually) and, without tanking the economy; in fact, just the very opposite.
Unfortunately, Joe Hockey seems not very bright, (a clever act?) or chooses to concentrate and focus such intellectual acumen/native cunning as he has, on simply setting Labor up as his personal patsy, or fall guy?
Rhrosty.

stay-out of the ponzie bailout sceme..[scam]..joe
http://www.youtube.com/watch?v=Mnu-dKyry9w

Five cents per person per day is a small price to pay to be rid of Labor; and ending the carbon tax should return considerably more than that to taxpayers' pockets. But really, Andrew -- Labor accusing the Liberals of financial irresponsibility? REALLY? Is that all you've got?

Another $800 million borrowed today: tenure 8 years, yield 3.80%

Total gross borrowing since 9 September just under $19 billion.

Hockey: "The (AAA) credit rating is what matters"

Hockey: "We're in good shape."

Budget Emergency = Bunkum