Tanner Lied About Whitlam Debt

1 Mar

Tanner - "We were not in debt under Whitlam"

Finance Minister Lindsay Tanner recently defended the Whitlam legacy on the ABC’s Q&A program, claiming that the Whitlam Government had no debt:

“In the period when the Whitlam government was in office, most people would be surprised by this, Australia had negative net debt,” Mr Tanner told ABC Television on Monday night.

We were not in debt under the Whitlam government.

Note carefully: that’s not one, but two intriguing claims. That Whitlam had (1) Negative Net debt, and (2) no debt.

I’ve done a little digging in the RBA Statistics archives, to see if Tanner was telling the truth. The results so far suggest that he lied…

Continue reading ‘Tanner Lied About Whitlam Debt’

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