https://blog.alor.org/bankrupt-victoria-by-james-reedArithmetic does not lie; the numbers either add up or they do not. Our state of Victoria, quite apart from the mass immigration tsunami that has led to Aussies being homeless, and families having to live in tents, is falling apart. You see it in the state of the infrastructure such as the decaying roads. But there was plenty of money to spend on big projects like the North-East Link and the Suburban Rail Loop, and the massive waste of spending on bureaucrats, who soak up money by the millions, the public sector growing by 59 percent in the last 15 years, with this growth basically feeding on itself.
Thus, Victoria is projected to have $ 247.2 billion in debt by 2027, and ever rising.
Former federal Treasury official Stephen Anthony had this to say about the plight of Victoria:
""Victoria is on a suicide mission to record borrowing, just as global interest rates are about to hit 5%."
"Potholes can't get filled, emergency departments can't afford clean linen, primary schools can't fix heaters".
"Things are about to get very ugly",
A Federal bail out is possible, or the trend is continued of just selling off the state to communist China, continuing the trend of the last premier. And as well, the impact of the Covid freak-out lockdowns on Victoria's economy need to be examined under the fiscal microscope.
$247 billion debt no wonder Dickhead Dan did a runner.
Typical Labor running up debt on taxpayers credit card then expecting Liberals to make the hard decisions to clear debt.
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