Opposition Leader Tony Abbott has shown why the Liberal Party under his leadership has lost all economic credibility with ridiculous claims that are completely divorced from the facts.
At a doorstop in Melbourne today, Mr Abbott said that under a future Liberal Government:
There will be lower taxes, there will be less government spending, there will be lower interest rates
[17 May 2012]
We know that Mr Abbott never lets the facts get in the way of his negativity, but he is deliberately misleading the public.
FACT: Taxation as a proportion of GDP in 2012-13 will be 22.1 per cent, lower than at any time during the previous Liberal Government.
FACT: Government spending is forecast to be at its lowest sustained level since the early 1980s.
FACT: The official cash rate is now 300 basis points lower than when the Liberals left office and lower than at any time during the previous Liberal Government, meaning a family with a $300,000 mortgage is paying $3,500 a year less than when Mr Abbott last had control of the economy.
The Gillard Government's strong economic management has seen low unemployment, contained inflation, low interest rates and a Budget returning to surplus.
Mr Abbott, on the other hand, refuses to come clean with the Australian people about his plans to cut payments, assistance and services. He has shown that he has no plans for the economy, just negative slogans.