Jan 11, 2010

Posted by in Queensland political comment | 0 Comments

Sunshine State slips into shade

Queensland’s younger generations should be angry: their future prosperity has been squandered.

New rankings of state economic performance by one of the Big Four banks shows that Queensland now languishes in fifth spot. In a federation of six states and two territories, that’s hardly a stellar ranking.

After two decades of Labor rule in Queensland we are even out-performed by traditional basket cases like South Australia. It is a highly damaging critique of how this state’s future prospects have been squandered.

If Queensland had not enjoyed the enormous advantages bestowed by the physical assets that underwrote a world-ranked tourist industry, a mining sector the envy of other economies all around the globe and an agriculture sector that sustained millions outside our own borders, we might deserve to be at the bottom of the class. But, no, this financial failure was delivered wholly and solely through poor governance.

Whatever happened to decades of budget surpluses? How could all those billions have been spent without delivering adequate and necessary infrastructure? How can our economy be so dependent on part-time and low-wage jobs? Why are we continually playing catch-up?

It would be refreshing, if nothing else, for Labor to apologise for visiting this economic pox on our future but they won’t even do that. They still try to pretend that it’s all the fault of global forces. Nonsense. That pathetic attempt at an excuse only highlights how much they deserve to be dismissed. Young Queenslanders who will have to forfeit massive tax revenues to offset Labor’s indebtedness should rightfully feel a big part of their inheritance has been frittered away. They should be angry.

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