Leaping Lindner wrote: Maybe. But if Thwaites had stayed on he'd be premier rather than Brumby anyway so it wouldn't matter. I wouldn't concern yourself about "old-style labor debt" as you put it. There is no longer a Labor party in Victoria.
Mind you if Balleau does manage to get in next election I hope he can find a few more schools to close, so that his real estate business can sell the property and he can add a few more zeros to his bank account.
LL, Brumby was the rump end of the push that created the state debt in Victoria, just as the Bannon government did in SA. That is why he was pushed aside for a new "clean-skin" leader by the Labor Party at the time. Presumably, it happened to some extent because both groups believed Paul Keating's going on about the "J-curve" and gambled on his predictions based on politically solidarity rather than common sense.
Both incoming Liberal governments inherited not only huge bank deficits caused by excessive state spending to keep things looking good, but huge unfunded superannuation liablilities, and the privatisation and cuts resulted because that was the only way of getting out from under the superannuation liability. The bank debt may have not been as big a problem without that.
I recall Don Dunstan admitting when he was Premiier of SA that his government was spending state super funds too, and he said, "It's OK, we are the government, we'll just replace it when necessary." Of course later it was proved states can't afford to do that when the crunch comes, and both states paid through loss of services for the mismanagement. Any private company that used its workers' super funds in this way would have found its directors going to gaol.