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Hot on the heels of the loss of the state's AAA credit rating comes the 'realisation' that we can't afford all those shiny new toys promised by emperor Col at the last election - a mere six months ago.
No good hiding behind the loss of the AAA rating, though, Col, which was an entirely-predictable result of the reckless spending already committed on baubles we don't need - and many of us don't even want.
Not only that, but there are downstream costs of these projects as well. While no-one expects public transport to fully pay its way, the proposed airport rail link will be a financial white elephant of gigantic proportions that will compromise the ability of future governments to fund worthwhile projects.
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