Labor Factions now in control of NSW and that's not good news for the economy. Will Triodi, Roozendaal and Della Bosca make the hard decisions and cull operating expenditure/services?????? I don't think so.
The alternatives WILL be rising taxes or ballooning debt ie. credit rating downgrades, rising interest costs etc etc.
Go back and study what happened under Kirner/Cain in Victoria during the late '80's and early '90's. Once the union factions start controlling the decisions its 'goodbye charlie'. Massive restructuring under Kennett restored fiscal responsibility, but at the cost of jobs in the public sector. Over 100,000 public servants were restrenched and new taxes brought in.
Guess Queensland can expect another wave of refugees!
Labor Factions now in control of NSW and that's not good news...
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