by Psyber » Sat Dec 04, 2010 10:32 am
I gather the state's unfunded Superannuation liability is back to about the $7 billion odd it was under John Bannon, and that's why all the recent changes have been made to the public service by the Rann government.
Since there can't be a sell off of utilities this time, the public service will have to be slashed after these preliminary changes to tenure have been established.
In those circumstances I don't think the Adelaide Oval redevelopment will go ahead without federal grants, which I don't expect will happen as they have their own financial issues..
Between the state debt and the current federal spending pattern, I think we will soon find ourselves reliving the late 1980s and early 1990s.
I expect also that the Liberals will again inherit the job of being in government to clean up the mess, then cop the blame for the austerity from the blind supporters of the fiscally irresponsible ALP.
EPIGENETICS - Lamarck was right!