NBN more than entire defense budget

Another extravagant waste of money

Having commented on Kerry O’Brien’s disgraceful gotcha moment with Tony Abbott on the NBN, it is nevertheless disappointing that the Opposition can’t go on the attack as succinctly as some of the economists and opinion writers in our newspapers about just how wasteful, dangerous and fraudulent the Labor proposition is.

Henry Ergas has done it again, this time on the ABC
as reported by Australian Conservative.

I think the real issue is whether the $43 billion was ever justified. Here you had $43 billion which is a staggering amount – $43 billion being invested, committed without a business case, without a cost-benefit appraisal, shifting enormous risk onto taxpayers in a program that costs five to 10 times more than what is being done anywhere else in the world.

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