“Between 1999 and 2004 there was no investment in Australia, it all went into housing and consumption all borrowed on the current account. When Peter Costello runs around saying, 'Oh we've paid off the debt,' it's like the pea and thimble trick. The Government debt or the massive private debt abroad? It's continuing to grow.”

—  Paul Keating

7:30 Report interview, May 8, 2006

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Paul Keating 33
Australian politician, 24th Prime Minister of Australia 1944

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