I agree, we havn't invested enough in infrastructure for the future. We left too much up to the private sector, and surprise, they tend to pocket the money rather than reinvest for long term returns that also provide other non monetary benefits.Spooler wrote:Honestly what pisses me off is realistically we're not borrowing enough money, this country needs some SERIOUS infrastructure upgrades especially in health and public transport, we're so far behind demand it's disgusting.
We can definitely afford the projects long term but the mind-set of "we should have a surplus is just so dammed damaging.
A surplus is basically the definition of national economic mis-management. Seriously we should be angry when a surplus gets announced because it's basically the government saying "there's no way we can think to effectively utilize these resources to increase growth".
What concerns me is that we may have missed our chance, just like we missed capitalising on the mining boom. Australia could be about to lose its AAA rating, the uncertainty in the government, failed budgets, budget deficit and current global financial climate is leading to investors potentially reassessing our AAA credit rating. If this happens, it means less disposable income to spend, slower growth, fewer jobs, more strain on centrelink etc.
I place the blame squarely at the Coalitions feet. Tony Abbot has been the cause of a lot of problems over the last few years.