Houses and Holes on Macrobusiness reflects much the same view I have in my Election 2013 post below – sheer politics is getting in the way of good policy:
Deloitte acknowledges that this is not a cost benefit analysis. But if we’re talking about a $25-$30 billion uplift in household standard’s of living per annum, even at a significantly higher cost of building that would be worthwhile and it would be difficult to match in any other spend of the same amount of money.
At some point, economic rationalists have to step in on the Coalition side, don’t they?
(with the political advertising blackout tonight, expect a few more political posts here over the next few days.)