Senator WONG (South Australia—Minister for Finance and Deregulation) (14:38): It was interesting to note one of the headlines in the Australian Financial Review today said 'Abbott locks Coalition into big spend'. I am reminded of Mr Abbott yesterday who gave a speech where he talked a lot about fiscal matters. He said that a 'terrible judgment is pronounced' on those who do not make sure that the sums add up, all the while trying to hide on the podium in front of his $70 billion worth of cuts— Senator Conroy: $70 billion! Senator WONG: Seventy billion dollars worth of cuts that he is going to have to make to make his spending promises add up. The largest components of the budget are social security, defence, health, education. What are you going to cut? This is what the coalition is going to have to answer at some stage before the next election: where does the $70 billion come from? What are you going to take out of health? What are you going to take out of social security? What are you going to take out of education? And what are you going to take out of defence? (Time expired)