While the desperately divided and unstable Liberals turn on themselves, gross debt has hit another new record high on their watch.
 
According to official figures published today, gross debt now sits at $534.9 billion – almost double the $280 billion it was when the Liberals came to office in 2013.
 
Despite all of their talk about a so-called “debt and deficit disaster”, you don’t hear peep from the Liberals now that:

• On their watch, gross debt crashed through half-a-trillion dollars for the first time in the nation’s history and now sits at a record $534.9 billion;
• Net debt has doubled since they came to office; and
• Both kinds of debt are growing faster under the Liberals than under the previous Labor Government, which had a Global Financial Crisis to contend with.

 
The Liberals are too busy fighting among themselves to get the Budget under control, which is coming at the expense of funding for essential services Australians rely on.
 
If the Liberals actually cared about fixing their Budget mess, they’d end the chaos and dysfunction and stop giving the biggest tax breaks to those who need them least.
 
Labor will repair the Budget in a fair and responsible way by closing down unsustainable tax loopholes for the top end of town while ensuring essential services like health and education are properly funded.