LOL might have been
Rudd / Gillard when they were not changing positions faced falling revenue and failed to raise fresh revenue sources (poor politics, bluffed etc), the GFC was $40 bil Swan held spending at or below 2% (lower than the economic genius's Howard / Costello)
The Coalition screamed there was a budget emergency until they got into government then its the adults in charge its all OK.
They have increased spending and failed to introduce new revenue or spending cuts mainly because of sheer arrogance couple with inept stupidly, some of their efforts failing to win over support from a majority of right wing independents will keep politic uni students in pHDs for years.
Has given me a great deal of smug pleasure knowing that Abbott would fail at this.
Have followed his progress in politics almost from the day he started, opinion formed over a long period of time it horrifies me to see him as PM knowing where he has come from and that he was put there by the extreme right to block moderates in the Liberal party.