Chris Uhlmann reported this story on Wednesday, May 14, 2014 08:27:26

CHRIS UHLMANN: The billionaire Federal MP Clive Palmer says his Palmer United Party will use its votes in the incoming senate to block some of the measures announced last night.



Mr Palmer says the budget is based on a series of lies.



CLIVE PALMER: First of all it's based on the fact that they say our debt is out of control. If you get the OECD figures you see Australia has got 12 per cent of its GDP in debt. The average for the OECD of all our advanced economies is 73 per cent.



There is no debt crisis so this is an excuse to have an ideological budget, one that can hit people that they don't like.



Well I definitely oppose the co-payment. You imagine being a pensioner and earning $300 a week and you're 87 and you've got to go to the doctor four or five times a week and that takes up one third of your income because of the co-payment.



Well the debt tax again we'll oppose because there's no reason for it. I'll- if the Prime Minister can show to me where we're in debt and how we're falling out of step with the rest of the OECD, then I'll consider it. But it's not; it's just a lie.



CHRIS UHLMANN: Billionaire miner and Federal MP Clive Palmer speaking this morning.