Re: C Class back in service again !........well...

["John Wayman" <trecker@bigpond.com>]

This is a wealth creation system. Sell off Government Assets to your mates
at bargain prices, then retire from politics to be appointed to the boards
of some of these companies, or to gain huge kickbacks from the rest.

Politicians of today retire as millionaires, not paupers.

Cheers
John Wayman

Roger Gillard wrote in message <7chjl6$t25$1@miranda.its.deakin.edu.au>...
>In article <36eb858f.3140310@news.ocean.com.au>, pcc@ocean.com.au says...
>>
>>
>>The only transfer of wealth so far has been to the government, not
>>from it. Freight Victoria paid a fair price for VLine Freight, some
>>would say over paid. The Kennett Government needs it to retire the
>>debt incurred during the Labour years, and to buy back what Labour
>>sold and leased back. Now I don't exactly agree with everything
>>
>>Les Brown
>
>
>    I'm afraid I don't understand this obsession with retiring public
> debt.When government enterprises are privatised, the companies buying
>them go into debt to but them. Private debt is more expensive than
>public debt (lenders will lend to governments at a lower interest rate).
> Private companies usually expect a larger return on their capital,
> so we must be paying more after privatisation than before. The country
>pays the interest on debt whether it is private or public. Unless
>privatised organistions are dramatically more efficient than those
>that are publically owned then we are being sold down the river.
>
>                 Roger Gillard
>