Premier compares Victoria's ballooning debt to the household mortgage

, with exemptions for low-emission cars and farming vehicles, but the Treasurer said redundancies would be a last resortThe Government'sInterviewed on ABC Radio Melbourne this morning, Mr Andrews defended the borrowing, saying the money would be used to build infrastructure that would create jobs and"[set] us up for the future".

"The alternative would be to not build these things — a bit like saying to your listeners, 'Look, don't buy your house until you can pay cash'. It will be up to departments to decide how to save the money and the process will be overseen by the secretaries of the departments of Premier and Cabinet, and Treasury and Finance.

"Some projects, some programs, just because they've occurred forever doesn't mean that they should continue to.

And household mortgage debt is really healthy in Australia (and Victoria). NOT !!

More like the Victorian VISA Card actually

Except with household debt the purchaser is directly responsible for repayment. In government deficit you just spend spend spend and send the bill to the next generation.

How come Vic debt is news but Fed blow out was never mentioned

Paying $1.3 billion to exit a contract that 'wasn't worth the paper it was written on' should have shown us the extent of DanielAndrewsMP legal and financial knowledge. Knocking back the money again for it to be built shows he has no idea of the traffic issues around Melbourne.

Typically labor. Lie first then run up a huge debt.

Obvious from day one this peanut could not manage our money. Economies never stay the same, recessions, interest rate rises, unemployment. His playing russian roulette with Victorians.

DanielAndrewsMP michaelobrienmp The $15.8 bn for the nelmelb will be a total loss of money. Just look at the graph of growing Chinese oil imports and figure out what kind of wars we'll soon have to get at oil and fuels. Taylor's review is a Liberal trap

Once again we witness a Labor government spending money they don`t have. Once again we will witness a LNP in-coming government having to introduce austerity measures to bring the treasury back into the black.....and so the cycle continues.

Haha. Because labour would never increase taxation.....

Governments are not households. This comparison fails basic economics. Don’t be a rube - this guy is talking nonsense.

Deliver infrastructure needed to cope with Liberal high immigration levels needed to fund the growth of their donors, but dont go into debt unless its Liberal debt.

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