John Smith wrote on Jan 12
th, 2015 at 10:27pm:
was that seriously your reason Swag? What was that ideology one on one?
you claimed NSW is now in surplus, if so, the libs have done well to get it there. Why the need to sell rather than keep doing what they are doing? What is it with libs and selling the furniture?
The budget position is a different matter John Smith. The
budget is about managing
annual revenue against
annual expenditure. Perpetually spending
more than one earns every year is unsustainable and not sensible policy. That is one reason Labor got booted.
The State could borrow $20 Billion, yes, but the servicing / interest would have to be factored into the budget possibly resulting in cuts to services or increased taxes to keep the budget from blowing out and creating a debt spiral. This is what is happening Federally because Rudd & Gillard borrowed up big and threw money at meaningless projects. Handing out billions of dollars to welfare recipients may have propped up retail but it is now all gone on what? Obsolete plasma TVs and smart phones and rusty used cars?
![Huh Huh](http://www.ozpolitic.com/yabbfiles/Templates/Forum/default/huh.gif)
We have a schitt load of school halls and lots of fire hazardous homes too.
An asset sale realising $20 Billion in stimulus without going into massive debt like Kevin07 (and the ensuing interest costs for years into the future) and shagging the tax-payer with extra costs.
Infrastructure plans that arguably with improve productivity and provide lots of NSW jobs and consequently raise more income tax revenues and GST and stamp duty revenues for NSW.
- The state’s schools, hospitals and water infrastructure get $1 billion each.
- Regional NSW gets $6 billion, including $4.1 billion for regional transport, with a $500 million upgrade to the Newell highway
- an extra $400 million into light rail for Parramatta for a total spend of $1 billion
- $1.3 billion is allocated to “bust congestion in Sydney by boosting the productivity of the city’s roads”, including $100 million towards an expanded clearways program, $400 million for motorways, with the M4 singled out, and $300M for the “urban road pinch points” program
- $7 billion, is allocated towards the 30km Sydney Rapid Transit rail corridor, also announced in June, which includes a second Sydney Harbour rail crossing. It includes three new CBD underground stations. Construction would begin in 2017.
- $1.1 billion towards a new western Harbour road tunnel and extensions to WestConnex, linking it to the Anzac Bridge and Victoria Road and near Kogarah in the south, with $800 million left over towards urban public transport improvements.
All this new infrastructure will be owned by NSW. It's simply leveraging off an asset to accumulate wealth.
Personally can't see why any sane person would be against such a plan.