The geniuses in NSW Treasury Dept claim WA's natural resource and export income derived from them somehow mean that WA's hard fought GST top up which means it gets back 72c/dollar of GST from the Fed Govt ( as opposed to NSW 92c/dollar), ,is fiscally unstable.
What nonsense.
Australia's 5 fold increase in foreign debt in the last 10 years is in no small part due to the Fed Govt borrowing money to build roads etc in NSW and Vic as those economies produce no real value ( but for selling mortgage IOU's between their residents and to overseas investors.
