Senator WONG (South Australia—Minister for Foreign Affairs and Leader of the Government in the Senate) (14:06): I'd make two points about both inflation and growth. First, in relation to countries overseas, inflation peaked later and lower here than in most comparable nations. Rates started rising here later than in most comparable nations, and they rose by less in Australia than in most of these nations, including the ones you've outlined. Remember also that some two-thirds of the OECD have had a negative quarter of growth. Your prescription would ensure that we'd be amongst them. That is their economic prescription for this country: lower wages, less cost-of-living relief and fewer jobs. This government is spending because we want to cut $315 billion out of the federal budget, which would include Medicare and pensions. Well, you can't get to $315 billion without doing that. Opposition senators interjecting— Senator WONG: Then come out and tell us what you're going to cut. Everybody knows what's in the Liberal DNA. (Time expired) Senator McGrath interjecting— The PRESIDENT: Senator McGrath, I remind you of standing order 203. I've called you a number of times already and we're not even 10 minutes in.