Election Fact Check| Joe Hockey exaggerates
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.
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- Costings? They’ll bore you to death: Hockey (theage.com.au)
- Joe Hockey’s ‘please explain’ moment (canberratimes.com.au)
- Oppn costings to come late in campaign (bigpondnews.com)
It is what it is 
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