Victoria's coming Third World Debt Crisis : Labor election win signals $25.6 Billion debt raising, doubling of net debt.

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First in a series of what this writer promises will  be a running tally of Victoria's debt.While it may well be too early to tell, this writer expects The State Of Victoria to experience a third world debt crisis in the near future.The signs are there,and would be obvious to business people.




Andrews on with job after Vic election 

win

Daniel Andrews' head might have been a "bit dusty" but Victoria's re-elected premier is clear in his resolve to achieve more.
An election result that thumped the Liberals and looks likely to deliver a majority of about 55 in the 88-seat lower house prompted Mr Andrews to have a small celebration.
"I had a couple of quiet drinks last night," the grinning leader told reporters on Sunday, adding that some of his earlier television interviews had been trying.
"A little bit dusty on some of those early-morning crosses."
But the premier is already eyeing a return to work on Monday, keen to take action on legislation both pending and proposed.
"Governments can always do more," he said.
"That's the hope of the political process, that you can, with hard work, and with a really strong, disciplined, focused, united team, you can achieve great things. You can make our state better."
Mr Andrews reiterated his promise to see through the next term, adding that being premier "is the greatest honour of my life".
"I want to work hard every day for the next four years in delivering the plan that I've outlined and the plan that the Victorian community have so comprehensively voted for."
The commitment follows a first term riddled with self-inflicted scandals, particularly MPs misusing taxpayer funds.
As the dust settles, Mr Andrews confirmed he will make some changes to cabinet and that parliament will return briefly before Christmas.

From Monday the government will put out the tender for the North East Link, one of three projects that will require a $25.6 billion loan and doubling of the state's net debt.
Mr Andrews has batted away criticism of the massive borrowing spree.
"People talk about what this'll mean for our kids and our grandkids, I think one of the best gifts we can give to them is infrastructure that works and this is what that building program will do," Mr Andrews told Sky News on Sunday.
He said "prudent" borrowing to deliver road, rail, schools and hospitals was "much better than jacking up taxes so that the current generation pays for all the infrastructure that we'll benefit from and many others".
Australian Associated Press

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