And new programs require funding.
So by passively facilitating Liberal/National governments in selling assets, Labor oppositions guarantee that when they do get back into power, the economy is in a position where they can go again.
If Howard and Costello hadn't reduced net debt to virtually zero, substantially off the back of asset sales, then the various big picture programs of the Rudd and Gillard governments, like the BER, the NBN, Gonski and the NDIS, would have looked much less tenable.
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Polling shows that electors are less trusting of government now than ever. That's partly because politicians favour short-term tactical squabbling over long-term strategic manoeuvring.
If Labor lets the privatisations pass we'll all be happier – politicians and public alike – and everyone will get what they want in the fullness of time.
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