THE HUBBARD PARTY ELECTION PLATFORM LAUNCH

With Xenophon, Lazarus, Lambie and others launching their own parties due to changes in Federal election voting systems, I’ve decided to launch the Hubbard Party. Perhaps I can pick up 1% of the vote and do enough preference deals to get myself elected.

So what will you get if you vote for me? Read More »

‘BAD‘ INVESTMENTS REVISITED: $1 TRILLION ON DEFENCE???

Recently I wrote about ‘bad’ investments (‘Budgets, deficits and good and bad investments’). Yesterday the government announced a ‘commitment’ to increase defence spending to 2% of GDP (who said this was a good number? What is the ‘ right’ percentage for education, or health??), to build or buy 12 submarines ($150 billion!) and that defence spending would reach $1 trillion (yes that’s right) in 20 years (whenever that is).

These are classic examples of ‘ bad’ investments and also classic examples of poor information – a adding years of expenditure to get an attractive communications number that is, essentially, meaningless – do we add any other expenditure category for 20 years? And what chance is there that governments will adhere to these ‘decisions’ over the next 20 years without change? Answer:  None.Read More »