Albofltion is out of control thanks to a collapsed border with India. What’s the solution?
Cut infrastructure spending! Say what?
States will have to accommodate a $33 billion haircut to their suburban road and rail plans plus promised capital works in marginal seats across the country as the federal government attempts to bring under control huge cost overruns on its infrastructure program.
Infrastructure Minister Catherine King on Monday confirmed the government would still sink $120 billion into the 10-year building program, but projects in every state were likely to delayed or axed to claw back the $33 billion in cost blowouts on projects announced by previous governments.
Pray tell, how will Australians maintain their living standards as Alboflation pumps the nation full of people and capital shallowing guarantees weaker incomes?
As the RBA has repeatedly said, infrastructure spending is a must amid crazed population growth.
I understand that there’ll be plenty of waste in this spend. But there’ll also be more capacity.
All Labor is doing here is trading off one panic (interest rates) for another (infrastructure spending ), with the end result being the crush loading of both.
All this because it stupidly ran off to India and signed a series of insane agreements to open the border.
Albo’s great immigration shock is now unstoppable, and all he can think of doing is building less to accommodate it!
This is government by loons.