Joyce: Same Old Labor

16 Jul

Media Release – Senator Barnaby Joyce, 16 July 2010:

Same old Labor: double the announcement, half the value

Anthony Albanese was quoted in the Brisbane Times this morning as saying that Labor “supports” the $8.2 billion Brisbane cross-river rail project.

“I am interested to know exactly what this support means”, Senator Barnaby Joyce, Shadow Minister for Infrastructure, said today.

“Labor certainly has no money left in the nation’s cookie jar. They have only $705 million left unallocated in the Building Australia Fund.”

“Instead Labor has wasted most of their $90 billion stimulus, investing it in insulation and over priced school halls. They only spent 14% of this amount on economic infrastructure.”

In 2008, Labor promised to establish a $20 billion infrastructure fund. It only received $10.9 billion due to Labor’s wasteful and reckless spending and the money the fund did receive came from the Coalition’s last budget surplus ($7.5 billion), money ripped out from funds to deliver broadband in the bush ($2.5 billion) and the sale of Telstra ($1 billion).

“So we are left with half the infrastructure promised but with $150 billion gross debt. Same old Labor: double the announcement with half the value.”

“This is just more evidence that Labor can’t manage the nation’s finances. Australia can’t risk another 3 years of Labor”.

More Information – Jenny Swan 0746 251500, 0438 578 402

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One Response to “Joyce: Same Old Labor”

  1. Ted O'Brien July 18, 2010 at 9:28 am #

    When this government set about their insulation and school halls scheme they tied up Australia’s construction industry doing this work at a time when Australia had a desperate need for more housing. This made the housing problem worse, as evidenced by continuing inflation in the housing market.

    The Wran government did a very similar thing when it sent NSW’s construction industry off to build the Darling Harbour complex when there was a desperate shortage of housing. That marked the commencement of the explosion in housing prices which continues today.

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