Dirty old debt or a shiny new stadium

By Crank the Croc

OH lordy. Stop your whinging Queensland Premier Annastacia Palaszczuk said in Parliament last week.

Stop whinging about what exactly? Just the $1.7 billion blowout in the cost of rebuilding the Gabba.

Apparently we should all just sit back and marvel at what will be an amazing 2032 Brisbane Games.

Well a three-term government sitting on an overall debt of about $110 billion would say that. And net debt is forecast to hit $39 billion by 2025. Yikes.

There’s no coming back from those numbers and who knows how quickly the cost of servicing loans will spiral as the price of money goes through the roof.

Instead we’ve got a lot of, ‘hey, look over here’ at all these shiny new stadiums.

You know where this is heading.

If the government is so nonchalant about a $1.7 billion cost blowout (the Premier is blaming Ukraine by the way – wonder what the excuse will be when that ends), then what about looking outside of Greater Brisbane and the infrastructure this area is demanding. How about a rail line that will benefit the entire region for generations to come. Oh I know, stop being unreasonable.

VOICE OF REASON

IS The Voice vote going to be obliterated by the politicisation of the wording.

While I’m leaning more on the Yes side of the matter, you have to wonder what is going on when the wording of it gives opponents the opportunity to stoke fear by saying that it guarantees judicial activism. That’s not a great to start to getting a yes vote over the line.

Very unfortunate the way it’s being handled so far, and one wonders if the polarisation of social media makes such referendums even less likely to succeed in the future.

Time will tell.

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