Telstra Sale + Surplus
Its confirmed - 8 odd billion dollars worth of Telstra shares will be released at the end of October. The government is spending $20mil in advertising to promote the sale. Its a bitter irony. Since most of the targets of the advertising will be the so-called "Mum and Dad investors", the Government is using their money (tax dollars) to get them to buy a dud investment, that they already own.
Oh, and Smiking Costello has just announced that the 05/06 budget was in surplus $16mil dollars. I'm sorry, but with household debt now at $1tril, and cutbacks in education funding, we selling this countries future productive capacity. It takes no national leadership to cut services and save money. It takes a real leadership to put in place and see through to completion projects to improve education, training and infrastructure. The productivity seen today is the result of investments made 30 years ago. But with the pork-barrelling attitude of the government (and the hip-pocket reactions of the general electorate), there is no long term planning - everything runs on a 3 year "how to get re-elected" cycle. And the our generation will pick up the tab.
Oh, and Smiking Costello has just announced that the 05/06 budget was in surplus $16mil dollars. I'm sorry, but with household debt now at $1tril, and cutbacks in education funding, we selling this countries future productive capacity. It takes no national leadership to cut services and save money. It takes a real leadership to put in place and see through to completion projects to improve education, training and infrastructure. The productivity seen today is the result of investments made 30 years ago. But with the pork-barrelling attitude of the government (and the hip-pocket reactions of the general electorate), there is no long term planning - everything runs on a 3 year "how to get re-elected" cycle. And the our generation will pick up the tab.
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