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Responding to the IMF report, shadow treasurer Joe Hockey, who was a minister for financial services in the Howard government, said the Coalition left Labor with a $20 billion surplus and no net debt.


"It was not John Howard and Peter Costello who wasted billions of taxpayer dollars on dangerous pink batts and overpriced school halls, it was this Labor government," he said.


The above statement was made by Peter Martin another left wing socialist.


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