Managing our Decline, page-19

OK, so they sell assets to pay off debt! How long do you think it will be before they have even MORE debt? But this time with no assets.

Recall a bloke called Sir Joh? When he left, QLD was about the ONLY State that was debt-free BUT with massive income producing enterprises. You name it, Sir Joh (and QLDers) had it. What happened to them thar assets? An incoming ALP QLD Premier started selling them off!