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Conversations, with Peter Costello AC, Former Treasurer of Australia

John Anderson: Conversations

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Low Debt Is a Youth Policy

I always argued this when I was in government, low debt is a youth policy. What can we do for young people? We can give them a society where all they have to do is pay for their spending, not pay for our spending and our spending. This is a very anti-youth policy. And the whole debate in Australia has now become, oh, well, we've opened up this big gap between spending and tax, so we've got to think of some higher taxes. But that argument just seems to be going now. Every time you're registered up debt, every time you'reregistered up spending, and inevitably, therefore, you are registered up tax,. Every time you

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