ratings agency downgrades queensland, page-26

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    "And what a mockery it makes of attempts by the yeldub's to paint QLD as being in the best position fo all states because of all of these 'assets' they have."


    ALP have taken QLD net worth from 60 billion to 170 billion in 10 years all during GFC 1 and 2, cyclone Yasi and the floods of 2010 and 2011.

    Sorry for posting net worth figures straight from the budget makattack. Perhaps I should have made the figures up like in the Commission of "audit" to make it sound even worse so Newman could be excused for sacking even more of the people he promised would be safe.

    Growing states require growing services and infrastructure which can be funded by taxes or part funded by debt or not provided. Take your pick but choose wisely.

    To me, a government borrowing money to invest in assets to enhance the services and productivity for generations to come wins hands down over sacking people because of a fictitious 100 billion gross debt.

    Be very careful what you wish for.

 
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