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I mentioned this in the useless labor party thread, drsmith,https://www.aussiestockforums.com/forums/showthread.php?t=2942&page=25&p=863120#post863120where Daniel Andrews is trying to legislate contracts out, which will be damaging to not just Victoria, but to Australia as well.The consequences to Australia if the Victorian government does not honour in full all the overseas obligations involved in the East West Link contract are serious. Australia is one of seven countries where all three major rating agencies give a AAA credit rating. If one of our sovereign states fails to meet its international obligations that rating will be in jeopardy and that will result in an increase to Australia’s borrowing costs and ease of trading.Former Victorian premiers John Brumby, Steve Bracks, Jeff Kennett, Joan Kirner, John Cain and Rupert Hamer would never have dreamt of abandoning a big international contract signed by their predecessor. They understood the rules of government.Contracts take months, even years to negotiate.Typical Labor with no care for consequences, and the taxpayer always has to foot the bill with nothing to show.This guy is an incompetant fool, and reason NOT to vote for Labor.All these costs should be placed on Labor and the Greens, as this east west link was talked about for years.
I mentioned this in the useless labor party thread, drsmith,
https://www.aussiestockforums.com/forums/showthread.php?t=2942&page=25&p=863120#post863120
where Daniel Andrews is trying to legislate contracts out, which will be damaging to not just Victoria, but to Australia as well.
The consequences to Australia if the Victorian government does not honour in full all the overseas obligations involved in the East West Link contract are serious. Australia is one of seven countries where all three major rating agencies give a AAA credit rating. If one of our sovereign states fails to meet its international obligations that rating will be in jeopardy and that will result in an increase to Australia’s borrowing costs and ease of trading.
Former Victorian premiers John Brumby, Steve Bracks, Jeff Kennett, Joan Kirner, John Cain and Rupert Hamer would never have dreamt of abandoning a big international contract signed by their predecessor.
They understood the rules of government.
Contracts take months, even years to negotiate.
Typical Labor with no care for consequences, and the taxpayer always has to foot the bill with nothing to show.
This guy is an incompetant fool, and reason NOT to vote for Labor.
All these costs should be placed on Labor and the Greens, as this east west link was talked about for years.
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