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Danny Yee
danny at anatomy.usyd.edu.au
Fri Feb 13 13:32:40 AEDT 2009
David Lochrin wrote:
> I think the problem is that the Government is trying to get a stimulus package up, and Treasury advises it needs to be such-&-such an amount released in a form where it will ~immediately~ find its way back into the economy. Fixing the Murray Darling river system is essential work and will certainly soak up lots of money, but those funds won't find their way back into the economy for a long time and that's the problem.
Apparently nearly 90% of the pre-Christmas stimulus handouts went
into paying down debt, and if that happens with these handouts they're
not going to do much for the economy either.
I would actually prefer to see all the money spent on infrastructure
rather than cash handouts - but I don't see why one senator should
get to decide which bits of infrastructure get funded!
Danny.
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