Dawn chorus: $110b water bill
Low debt and low tax settings come home to roost after 30 years of under-investment and the last decade of super-fast population growth; Hospitals under extreme pressure this week for the same reason
TLDR: The obsession of Governments of all colours since the mid-1980s with “keeping a lid on debt” and holding the size of Government down around 30% of GDP is coming home to roost. Stuff’s Thomas Coughlan reports this morning on official advice that councils and the Government need to spend up to $110b over the next 30-40 years to deal with past under-…
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