Thursday, May 1, 2014

If we're wondering about budget cost items

Vessels carrying asylum seekers. People who need to be processed as immigrants to Australia, and that costs money. There are lots of arguments around this very touchy topic but if we're wondering why our budget is where it is, this might give a hint:

The first lesson is the high cost to taxpayers of governments acting in undue haste for short-term political gain. After spending $2.45 billion on ceiling insulations, a third of which appear to be faulty or dangerous according to a review of almost 14,000 homes earlier this year, taxpayers will be forced to pay another $424 million, if not more, to sort out the dangerous mess. Julia Gillard and her cabinet cannot risk any such margin for error in their $43bn National Broadband Network, which is also being rolled out in haste without the benefit of a proper business case or cost-benefit analysis.

It's tempting to believe that the Libs got in and screwed up the NBN. But I'm inclined to think they were handed a stinking "Poo baby" as they were with the costs of all those extra boats and this:

THE NDIS was “like a plane that took off before it had been fully built and is being completed while it is in the air,” says a highly critical review commissioned by the agency itself.

But we'll never know, and tribal opinion will rule the day, I expect. I know that one day the Abbott's chickens will come home to roost and I'll be whining about him. But at the moment it looks like Abbott and Hockey are just chewing on Gillard and Rudd's shit sandwich. Still, he wanted the job.

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