Quote:
Originally Posted by Marlowe  For starters,at least 3 billion should be cut on the capital side.Everybody still seems to be buying into the myth that all of these projects will yield a good long term yield.They won't.And many of them are not at all as labour intensive as they are supposed to be.On the other hand the same amount in tax increases has a massive depressing effect on the economy.Plus it is ridiculous to be borrowing 1.5 billion for the NPRF.That's 4.5 billion to begin with. | Money for the NPRF does not increase the calculated deficit.
I think all the money borrowed this year and next will go directly to the banks in any case.
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