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Wednesday, June 4, 2025
Victoria is a giant economic sinkhole (Leithvo)
This interview with Jacqui Felgate at Radio 3AW discusses the alarming economic and debt situation facing Victoria.
The economy of the State of Victoria in Australia no longer underpinned by major industries but driven by mass migration, that incurs many costs when it comes to infrastructure and services. As a result the Government debt levels have reached a point where either taxes will increase or where cuts to the bloated public services will be needed, or both. The situation here is a warning to other States and Countries.
[Posted at the SpookyWeather2 blog, June 4, 2025.]
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