Senator CORMANN (Western Australia—Minister for Finance) (14:34): I thank Senator Bushby for that question. Yes, there are, and we can learn from them. Senator Conroy interjecting— The PRESIDENT: Senator Conroy. Senator CORMANN: The late and great Baroness Margaret Thatcher faced a similar challenge in the United Kingdom back in 1979. She inherited a deficit of £8.5 billion in 1979. Opposition senators interjecting— The PRESIDENT: Order! On my left. Senator CORMANN: She turned that into a surplus of £1 billion within the decade. We should listen very carefully to what the late Baroness Thatcher had to say. I know that people in this chamber hold her in very high regard— Opposition senators interjecting— The PRESIDENT: Order! Senator CORMANN: Some of us hold Senator Wong in high regard—have a fondness for Senator Wong, even—but I would listen to Margaret Thatcher ahead of Senator Wong when it comes to managing the budget. Here are some quotes which I hope to be able to share with the chamber: My policies are based not on some economics theory, but on the things that I and millions like me were brought up with … (Time expired)