Mr HOCKEY (North Sydney—The Treasurer) (14:26): I thank the honourable member for McMahon for the question. If he is concerned about a stinking carcass, he only needs to look in front of him at the Leader of the Opposition. And why so? Because it is the Leader of the Opposition who is the custodian of the legacy— Mr Burke: Madam Speaker, I rise on a point of order: there is a difference under standing orders between using that language with respect to a budget and using it with respect to another member of the House, and in that way it should be withdrawn. Mr Sho rten: Yes; disgraceful. Hopeless. The SPEAKER: There is no point of order. Mr HOCKEY: Well I think— Mr Burke: Madam Speaker— The SPEAKER: It is the same moot point. I allowed the question to stand. There is no point of order. Mr Burke: So it is parliamentary to use a phrase like that about a member of the parliament? Is that what— The SPEAKER: Stop! I would ask the honourable the Treasurer: when he used that expression, was he in fact reflecting on another member of parliament? If he was, he will kindly withdraw. Mr HOCKEY: I withdraw. And it is not terribly dignified at all, is it? But of course they asked the question. And it was a former Labor Prime Minister— Mr Shorten interjecting— Mr HOCKEY: I'm sorry—what are you saying? Mr Shorten interjecting— The SPEAKER: The honourable Leader of the Opposition will desist. Mr HOCKEY: Are you okay? Are you coping? Are you all right? Mr Shorten interjecting— The SPEAKER: The Leader of the Opposition will desist. Mr Shorten interjecting— Mr HOCKEY: Calm down. I know it's a bit tough for you— Mr Shorten interjecting— The SPEAKER: I warn the Leader of the Opposition! Mr Shorten: I could not hear what you said over Joe's interrupting you. The SPEAKER: I will repeat it. Mr Shorten: Good. The SPEAKER: You will desist. Mr HOCKEY: It is not terribly edifying, but it was a former Labor Prime Minister who stood at this very dispatch box and used that term and it is now the current Labor Party that chooses to repeat that term. Opposition members interjecting— The SPEAKER: The cacophony will stop! Mr HOCKEY: I will tell you why: if we are dealing with legacies, the greatest legacy Labor has left is 200,000 more Australians unemployed. The greatest legacy Labor has left is $123 billion of deficits. The greatest legacy Labor has left is $667 billion of debt. And now that they are in opposition they are trying to create a new legacy, because they are opposing $40 billion of savings that are going towards fixing the mess that they created. They started the fire in the kitchen, and now they are trying to stop the fireman from putting it out. Of course they think it is funny, they think it is humorous; they think it is clever politics. You see the Labor Party's response to the entire budget has been about politics and process, not about policy—and why? I will tell you why. They were the architects of the co-payment in Medicare, they were the architects of the co-payment for the Pharmaceutical Benefits Scheme, they were the ones who first introduced university fees—the Labor Party were when they actually did have principles. The coalition supported them in those reforms because we knew we had to do what was right for the country even when we were in opposition. But now the modern Labor Party has no principles, it has no values, and it has no leadership. That is reflected in the fact that the modern Labor Party does not know what to support and want to oppose from day to day. That is the legacy of the modern Labor Party. I say to you: the people who should be most concerned about that are the Australian people, because there has always been a bipartisan approach to fix and strengthen the Australian economy. The only obstacle today, the only thing swinging in the breeze, is the modern Labor Party.