Senator WONG (South Australia—Minister for Finance and Deregulation) (14:12): Self-evidently, the risk is those opposite—being unable to explain their $11 billion black hole. I noticed Mr Oakes appears to have been backgrounded by both Mr Hockey and Mr Robb anxiously blaming each other for the $11 million black hole, but now we see that Mr Hockey's outstanding contribution to the argument about economic credibility is to dig an even bigger hole, from $11 billion to $70 billion. That is the equivalent of stopping all Medicare payments for four years or stopping the family tax benefit for three years. And this opposition could not even cobble together $2 billion worth of savings in order to avoid imposing a flood levy. (Time expired)