The myth that Victoria was 'broke' was pushed by Murdoch, Kennett, Stockdale, et al. The State debt was about $30b. Not good but not insurmountable and it certainly didn't warrant Kennett's slash and burn which was all about ideology (public service bad, corporations good). SEC? A money making company owned by the State. Gas And Fuel? Same. State Rivers & Water Supply Commission? Same. MMBW? Same. The list goes on. Kennett sold of 2,300 schools and sacked 25,000 teachers and then sold off the land the schools were on to private developers. How's that for future planning?It was a vastly different story in 1993. Victoria wasn't known as the rustbucket state for nothing.
Victoria was only known as the 'rustbucket state' by the Murdoch Press...that's our old friends the Herald-Sun and the Liberal Party which had to tone down the rhetoric lest the ratings agencies believed how bad things weren't and reduce our credit rating accordingly.Joan was a conservation pioneer.
Part of the legacy inherited from the Cain years was John Cain's insistence on NOT raising state taxes among other nation leading achievements, FoI, prostitution reform, Sunday football, the Tennis Centre among others.
On a lighter note, I also remember Cains Transport Minister Steve Crabb describing the renovating of the later Harris cars under his stewardship as H Cars, as being a temporary arrangement.
Mike.
Why was Cain/Kirner in such deep trouble? 1) State Bank's commercial arm Tricontinental who lent money willy-nilly with woeful governance. Huge debts. 2) Pyramid Building Society (remember them?). Went bust and, due to public outcry including Murdoch, the State bailed out the deposits via the State Bank.
All political parties have their ups and downs. I have a soft spot for Hamer and Lindsay Thomsom (who confronted the Faraday kidnapper personally). Kennett? Nuh!
Edited 15 Nov 2018 18:31, 3 years ago, edited by ParkesHub
The myth that Victoria was 'broke' was pushed by Murdoch, Kennett, Stockdale, et al. The State debt was about $30b. Not good but not insurmountable and it certainly didn't warrant Kennett's slash and burn which was all about ideology (public service bad, corporations good). SEC? A money making company owned by the State. Gas And Fuel? Same. State Rivers & Water Supply Commission? Same. MMBW? Same. The list goes on. Kennett sold of 2,300 schools and sacked 25,000 teachers and then sold of the land the schools were on to private developers. How's that for future planning?It was a vastly different story in 1993. Victoria wasn't known as the rustbucket state for nothing.
Victoria was only known as the 'rustbucket state' by the Murdoch Press...that's our old friends the Herald-Sun and the Liberal Party which had to tone down the rhetoric lest the ratings agencies believed how bad things weren't and reduce our credit rating accordingly.Joan was a conservation pioneer.
Part of the legacy inherited from the Cain years was John Cain's insistence on NOT raising state taxes among other nation leading achievements, FoI, prostitution reform, Sunday football, the Tennis Centre among others.
On a lighter note, I also remember Cains Transport Minister Steve Crabb describing the renovating of the later Harris cars under his stewardship as H Cars, as being a temporary arrangement.
Mike.
Why was Cain/Kirner in such deep trouble? 1) State Bank's commercial arm Tricontinental who lent money willy-nilly with woeful governance. Huge debts. 2) Pyramid Building Society (remember them?). Went bust and, due to public outcry including Murdoch, the State bailed out the deposits via the State Bank.
All political parties have their ups and downs. I have a soft spot for Hamer and Lindsay Thomsom (who confronted the Faraday kidnapper personally). Kennett? Nuh!
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