Well it took 10 years for Howard/Costello to pay off labor debt, and now kevin 747 is wanting to borrow money AGAIN 6 months into his reign. Did he not learn anything while in the US? PM Kevin Rudd ready to borrow cash | Business | News.com.au They can't help to pull out the credit card! Australia is in a great position to widthstand the international credit crunch because of nil governement debt, but now we are going to be put back on the chopping block. So what would K Rudd do if he Inherited debt from Costello? Would he just plundge into further debt? The government is loaded with cash, use cash and save up for projects.. dont put Australians into debt again..