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Tom Elliott says Scott Morrison needs to get debt under control or step down

Tom Elliott
Article image for Tom Elliott says Scott Morrison needs to get debt under control or step down

Tom Elliott says the Treasurer may need to step down if he can’t get debt under control.

Our national debt has ballooned out towards $500 billion, rising at a staggering $126m per day.

The debt was at $272 billion at start of the Coalition’s term in government. 

‘It’s going up more rapidly under the Coalition than it did under Labor,’ he said.

‘We’ve got a government that came to power in 2013, saying that they were the superior economic managers, that they would start making a hole in Labor’s debt, and yet the debt is going up, and up, and up.

‘Eventually the chickens are going to come home to roost.

‘I almost reckon if Scott Morrison doesn’t get this debt situation sorted out pretty soon, he has to step down as Treasurer.’

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Tom Elliott
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