Saturday, March 21, 2009

Queensland - Living Proof of Inbreeding

So to summarise. The past ten years of Labor government has put Queensland into debt to the tune of about 80 billion dollars. The newly elected version under Bligh (have you noticed how close this is to blight?) is a planning to spend more and put the State even further into debt.

This money will have to be repaid eventually. With declining revenues, less tourists, unemployment rises, less manufacturing and so less income for the State it can only come from one place, the voters.

Bottom line? Queenslanders just voted to put themselves into greater debt and load up their repayments for the next 20 years. This will mean higher taxes and less income.

Of course you have to pay for what you voted for so no sympathy from this Blogger. Suffer.

No comments:

Post a Comment

Comments are welcome, ad-hominem attacks are not. Supporting references are encouraged. Comments are not endorsed by the author of this blog as representing his point of view.