Commenter Marek asked whether Julie Bishop could possibly be right when she said that it took the Coalition ten years to pay off $96 billion of debt left by Labor.
The figures are here, and below - click to enlarge.
Julie Bishop is right. The Coalition paid off Labor's debt. It did it by selling just about everything it could lay its hands on apart from Australia Post.
Telstra accounted for the bulk of it (although the government got a bad price for the first lot of Telstra).
Selling Telstra meant that the government missed out on its dividends. It helped government finances not at all.
It was as if a farm sold it cows to pay off its debt. It would become debt-free, but would miss out on milk and the earnings from selling it.