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Between 1999 and 2004 there was no investment in Australia, it all wen — Paul Keating

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"Between 1999 and 2004 there was no investment in Australia, it all went into housing and consumption all borrowed on the current account. When Peter Costello runs around saying, Oh weve paid off the debt, its like the pea and thimble trick. The Government debt or the massive private debt abroad? Its continuing to grow."
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Paul Keating
Paul Keating
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Paul John Keating is an Australian former politician who served as the 24th prime minister of Australia from 1991 to 1996. He held office as the leader of the Labor Party (ALP), having previously served as treasurer under Bob Hawke from 1983 to 1991 and as the seventh deputy prime minister from 1990 to 1991.

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"Hewson: I ask the Prime Minister: if you are so confident about your view of Fightback, why will you not call an early election? Keating: The answer is, mate, because I want to do you slowly. There has to be a bit of sport in this for all of us. In the psychological battle stakes, we are stripped down and ready to go. I want to see those ashen-faced performances; I want more of them. I want to be encouraged. I want to see you squirm out of this load of rubbish over a number of months. There will be no easy execution for you. You have perpetrated one of the great mischiefs on the Australian public with this thing, trying to rip away our social wage, trying to rip away the Australian values which we built in our society for over a century."
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Paul Keating