The campaign's real red-heads

With a week to go before election day, pricey promises are piling up and both parties are haemorrhaging red ink.

The Coalition has now chewed up all its savings, including Thursday's round of savings taken from Labor, and is nearly half a billion dollars into the red, as we close in on the last week of the campaign.

Meantime, Labor is over $2 billion in the red on its commitments, despite repeatedly insisting it will not add a dollar to the budget deficit during the campaign.

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