Simon is correct: The debt reduction under Costello was almost solely due to the following trifecta of measures:
Record high tax take
Record low spending on infrastructure
Record level of privatisations
Yes, debt can be reduced at any time, but at what cost?
I see Peter Costello is saying Australia needs to reduce debt, like he did
This involved increasing taxes above current levels
Privatising assets, he doesn’t name
So do the LNP agree?
If so, time for some specific details