Former Treasurer Peter Costello warned that two decades of short-term spending have stripped Australia of its economic safety net. 

He revealed why we must return to "tough realities" now to prevent a decade of deficits from crippling the next generation.

Former Treasurer Peter Costello warned that two decades of short-term spending have stripped Australia of its economic safety net. 
He revealed why we must return to "tough realities" now to prevent a decade of deficits from crippling the next generation.

4BC Drive, live every weekday afternoon. With the latest news, 4BC will keep you updated on your drive home.

4BC Drive, live every weekday afternoon. With the latest news, 4BC will keep you updated on your drive home.

4BC Drive with Gary Hardgrave

Peter Costello warns Australia has run out of Sovereign Capital after 20 years of waste

https://api.omny.fm/orgs/88b564ea-a9a6-4751-910a-a5d800019396/clips/7576cecc-4325-462d-b9d5-b3fb00534297/transcript