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Election Fact Check| Joe Hockey exaggerates

English: Joe Hockey at the official opening of...

English: Joe Hockey at the official opening of his campaign office for the seat of North Sydney at the Australian federal election 2007. Image cropped to protect the privacy of others in the original image. (Photo credit: Wikipedia)

The claim: Joe Hockey says the Coalition left the country with net assets of $70 billion, whereas if it wins the election he says it will inherit debt going to $400 billion.

The verdict: Mr Hockey is making an exaggerated claim by conflating net and gross figures and ignoring the Coalition’s contribution to gross debt.

via Joe Hockey exaggerates difference between Labor, Coalition record on debt – Fact Check – ABC News (Australian Broadcasting Corporation).

About Darin Sullivan (1969 Articles)
President of the Fire Brigade Employees’ Union and a professional firefighter with more than 25 years’ experience. I live and work on the NSW South Coast, Australia. I am a strong advocate for firefighters and emergency service workers with an interest in mental health issues and caring for those around me. I am a Director on the NSW Fire Brigades Death and Disability Super Fund and work with charities including ‘The Movember Foundation’. As a leader and activist I have long been active in the campaign for action on climate change. I am a Station Commander in the fire and rescue service in NSW and have 30 years experience fighting fires, both rural and urban. I am passionate about highlighting the impact climate change is having on fire preparedness and fire behaviour in Australia, and the risks associated with inaction on climate change. I am also a spokesperson for the Australian Climate Media Centre.
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