House debates

Thursday, 13 March 2008

Infrastructure Australia Bill 2008

Second Reading

11:08 am

Photo of Bill ShortenBill Shorten (Maribyrnong, Australian Labor Party, Parliamentary Secretary for Disabilities and Children's Services) Share this | Hansard source

The member for New England again correctly identifies the failures of the previous government in infrastructure. The 2007 federal budget showed more than anything that the Howard government continued its failure to wisely invest the proceeds of the sustained economic growth brought on by the minerals boom. Parking large amounts of money in the Future Fund and not-so-large amounts of money in endowment funds, with virtually no detail of how it would be spent, is not planning for the future, especially when you actually ban your Future Fund from investing in infrastructure. If I were feeling polite—which I am—I would just say that this is fiscally sloppy. If I were feeling slightly more adventurous, I would look for the collective noun for a group of pork-barrels—maybe it is a piggery.

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