NATIONAL AFFAIRS – Borrowed money, borrowed time*

Professor Lance Endersbee explains why our debt hole is getting deeper and deeper.The Constitution imposes a great burden of costs on the Australian community. The repeated duplication of activities from state to state, and between the states and the national government, leads to excess costs throughout the nation amounting to tens of billions of dollars each year. It is only in wartime that we recognise the national interest.Prior to Federation, the states were virtually independent countries. …

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