Thursday, 4 December 2008
The idea floated by Prime Minister Kevin Rudd yesterday that a Federal Government should perhaps raise the money that states need to pay for infrastructure is yet another sign of the increasingly diminished role of the States in the Australian federal system. And forget about that absurd headline in The Oz about a Kevlani bank. If there are savings for taxpayers to be had in one government doing the international borrowing instead of nine then I'm sure those taxpayers will be all in favour of it. The only losers will be the banking sharpies from whose ranks Liberal Leader Malcolm Turnbull only recently departed.
Posted by Richard Farmer at 11:59