The South Australian Labor "government", has just lost its AAA credit rating, as reported in last Fridays AFR.
Standard and Poors cites "failure to manage spending" as the main reason.
Bad fiscal policy and lack of responsible management of the economy, appears to be in Labors genes.
The Bligh Labor "government" lost Queenslands AAA rating years ago.
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The South Australian Labor "government", has just lost its AAA...
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