Barry O'Speedwagon
Coach
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The difference is their reasons for having to borrow. The last government inherited no debt and only borrowed to allow Australia to 'keep up with the Joneses' (and thus stay in power).
Did you not notice the GFC? Economists (right and left wing) the world over laugh their heads off when they observe the Australian populace's response to the way we went about handling the GFC (i.e. broadly whinging about it). See the article below, Nobel Prize winning free market economist Joseph Stiglitz:.
http://www.smh.com.au/comment/australia-you-dont-know-how-good-youve-got-it-20130901-2sytb.html