Posted by: pointofviewsa on: November 5, 2010
This State Labor Government has run the state into a debt so large that our grandchildren will be paying for it. The ruling junta will go to great spin to divert attention from the responsibility for the truth.
Barely 800,000 of the total population of 1.58 million provide the revenue by their personal and corporate effort, yet the Government has gambled and lost $2.9 billion of it from investments. Has Treasury become so flush with money that it can afford to ignore this huge loss? or paying the debts? or making no attempt to recover $184 million from over 500,000 unpaid fines – one third of the entire state population?
Is the rest of the State just the milch for this citycentric mentality?. Think about it, Dear Reader.The city is a constant liability. It provides no wealth for the community and drains the resources provided by the rest of the State.with little and nothing provided by Government in return. Is the pre election Holloway plan to increase city population by another half a million souls 30 year wizardry?. A plan that makes no mention of the infrastructure to support such an increase.
Almost as bad as the Treasurer pontificating that the $8 billion owed to the Public Service “would be on track by 2034″ – 25 year wizardry.