OK Nev, this is the way I remember it,
http://www.couriermail.com.au/news/queensland/lnp-mps-gathering-for-what-is-expected-to-be-a-long-meeting-over-155-recommendations-made-by-peter-costello-audit-report/story-e6freoof-1226631411185?nk=5a915e5bfa88b4501eb6bc2fd6c31838
"There are no easy answers here. The money's gone out and the money's been spent," said Mr Costello.
"To get back to a triple A credit rating you've got to have a big payoff of debt."
The report's executive summary outlined the need for asset sales and widespread privatisation and outsourcing of government functions.
"The other alternatives are massive tax hikes or massive service cuts. That's what this government has been left with," Mr Costello said.
"They've been left with a big financial hole and if they want to fill it, if you want to retire debts you can increase taxes massively, cut services very significantly or do something to retire debt."
He said MPs in marginal seats concerned about the impact of asset sales on their political future should consider the alternatives.
"I think massive tax rises would be very poisonous, I think cutting back services would be very poisonous," Mr Costello said.
"You've got a menu here and most of the meals on the menu aren't that appetising."
I do not remember the vested interest comments could you provide a link to that please?