It also means government gets out of the way of
private enterprise.
Governments are too slow and usually back the
wrong horse/s. Look at the tramway in George
Street. Was that a good idea? No way. It actually
destroyed private enterprise in George Street
and buggered the street for commercial vehicles
and omnibuses (they don't need rails and go
where you want).
We've had over 10 years of very low interest rates
and hardly any capital works spending on genuine
Australian projects. The money just goes to foreign
contractors.
The debt will kill off the crazy subsidies, hopefully,
and make government spending more careful. (lots of luck).
