Sunday, June 26, 2011
This will cost most than 1000 times Greece
This was the Labour initiative. Where we pay 20% returns for 30-40 years for investments on Private sector funded Govt projects. The conservative outgoing for coming 30-40 years is almost equal to pensions outlay. We neither have money to pay pensions. Not even this. Note none of the above future payments are on govt. books. Labour did more damage to public finances in 14 years what successive govts. have done on pensions in more than 60 years.