Being liberal with estimates creates inflation: The need for serious governance and responsible decision-makers
The management history of the previous Liberal Governments reflects significant misjudgements and fiscal irresponsibility. This article provides a critical analysis of these failures, emphasizing projects that have exceeded budget projections and jeopardized national interests.
Current Energy Mix Solution: Small Nuclear Reactors (SNR)
Technology Viability: SNRs are unproven in the Western world with no operational examples.
Governance: Opting for SNR indicates a high-risk governance failure.
Sovereign Responsibility: Demonstrates poor management of national technological sovereignty.
Technology Risk: Lacks proven safety and efficacy.
Environmental Impact: The potential for disaster recalls Chernobyl, underscoring the risks of even proven technologies.
Overall Prognosis: SNRs are poised for failure, similar to other mismanaged technological projects.
Comparative Analysis with Other Projects
NBN Technology: Overruns have reached $14 billion, a testament to technological and fiscal mismanagement.
Snowy Hydro: Currently $10 billion over budget, with costs still climbing.
Conventional Submarines: Required a $5 billion bailout due to initial underbudgeting, requirements definition and?.
AUKUS Agreement/Submarine Upgrades: Could see costs balloon from an initial $50 billion for our submarine upgrade to between $350 and $400 billion due to chronic mismanagement.
Economic Impact
Liberal governance has potentially turned a $98 billion budget into a staggering $474 billion through chronic liberal underestimation and liberal mismanagement, effectively inventing liberal inflation by paying more money for the same output.
Conclusion
There is a consistent pattern of fiscal irresponsibility and strategic failures under the Liberal leadership, now continued under Mr. Dutton’s oversight. A reassessment of these policies is crucial, necessitating realignment with proven management practices to protect national interests and maintain financial integrity. Prudent, responsible governance is urgently needed to avoid further economic fallout.