THE HIDDEN ‘ALBATROSS’ OF DEBT AUSTRALIA CARRIES

It struck me today. …!

(Thanks to former Governor General Peter Hollingsworth)

This past GG receives a pension of $350,000 per year plus office plus other support.

ALL past GG’s and of course Governors at State level receive huge post office benefits.

So do do past Prime Ministers and all other retired politicans.

The debt we carry for past politicans and political appointees run to hundreds and hundreds of millions of dollars per year.

Not all receive the same taxpayer funded largesse but the gross of the burden borne by treasury is HUGE.

And I imagine that some benefits, on the passing of the beneficiary, transfer to immediate family.

We are saddled, and then some, with what those who have been part of our political scene continue to draw.

(And many were at best mediocre performers while in office.)

DON’T TELL ME THIS IS NOT A HUGE AND GROWING DRAIN ON THE FINANCES OF THIS COUNTRY.

This is but part of the story of the benefits that, for even shorter term politicans, become long term, ongoing remunerative benefits.