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We have 1 trillion reasons to address this problem according to Pricewaterhouse Coopers. http://www.dailytelegraph.com.au/news/national/australias-debt-crisis-is-a-staggering-1-trillion-nightmare/story-fnpn0zn5-1227217818739

There is a structural deficit with the budget that has been around since at least Howard's fourth term. How to address? Cut spending and increase revenue. Increasing revenue means overhauling the tax system and to do that you need political will and political capital. It appears this...