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The Forum > General Discussion > Economic Management, the NBN and LNP.

Economic Management, the NBN and LNP.

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Beyong the partisan hysteria and misinfomation - -

The ‘funds” being used to build the NBN can’t be redirected elsewhere, because unlike other spending, the NBN produces a return.

The money spent on it will come back as revenue from the network. This means the NBN is off-budget, and has no impact on the ability to fund other projects.

But, even if NONE of it came back and the spending was on budget, let’s put it into perspective.

Over the 10-year construction of the NBN, Australian Governments will spend:

over $1,200 billion ($1.2 Trillion) on social security/welfare
over $1,000 billion ($1 Trillion) on public healthcare
over $500 billion on public education
over $500 billion on welfare/pensions etc
over $220 billion on defence
about $40 billion on the NBN

The Government contribution to the NBN represents about 0.2% of GDP per annum, and less than 1% of total taxation revenue per annum.

This is about the same as it was for the Snowy Mountains Scheme - which Menzies bitterly opposed at the time, but later took credit for.

This is just another political stick for Abbott to use against the government just for the sake of doing it.
Posted by rache, Monday, 12 December 2011 12:45:55 PM
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Rache,

That the $50bn is a small part of the annual spend does not give the government the license to waste it.

The NBN is not going to provide a return. The projected blown out construction and operating costs are going to ensure that it requires tax payer bail out for generations. On top of this the planned massive roll out of 4G networks by Telstra and Optus are going to strip the NBN of customers.

If this is such a wonderful scheme, why not open the books, and allow a productivity study as other more minor projects have done? the answer is that this entire scheme is a Ponzi style Labor pork barrel.
Posted by Shadow Minister, Monday, 12 December 2011 1:23:54 PM
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Actually, SM, Rache is correct on one point - the NBN would provide a return if it is allowed to proceed (but of course it will be scrapped immediately after the next elections!). There would be no need for much explicit tax-payer money because the NBN is a tax in itself, cutting off people's essential communication lines and then forcing them to "purchase" something expensive that they don't want or need just to keep what they had before.

Whatever excuses they make, it really has three purposes:

1) to drug people with entertainment.
2) to enable government surveillance of our homes.
3) to provide good jobs for the bureaucrats' relatives and friends.
Posted by Yuyutsu, Monday, 12 December 2011 1:42:23 PM
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Those who can not see are blind and for that I am sorry.
Those who refuse to see however are far different.
Conservatives have a history of refusing to see.
Or is it deceiving them selves?
Read what they said in relation to Kackadu National Park.
The implementation of a National Superannuation scheme.
Hear Howard's words there will be no GST then there will be.
Abbott said no to extra Superannuation then yes.
And for a country that needs communications more than most, we step in to the 21st century with most of the developed world.
Surrounded by the black crows of Conservative LUDDITES
Posted by Belly, Monday, 12 December 2011 3:53:53 PM
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Belly,

The technologically inept NBN is relying on one size fits all technology when FTTN can deliver the same speeds for less than half the price, and wireless will probably take 1/3rd of the market by 2020.

The NBN will deliver the most expensive partially obsolete network by 2020 in the world. Another example of Labor waste.
Posted by Shadow Minister, Monday, 12 December 2011 5:02:30 PM
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@Shadow Minister

Hey Shadow, I see you are still in the business of making predictions. Not too long ago you were saying no one will need the speed can ADSL delivers now, let alone the speeds the NBN could deliver.

Well here is a graph for you: http://i.imgur.com/Rb3mq.png

No, I don't know where they got the figures from, so take them with a grain of salt. And no, I don't have a clue what they are using all that bandwidth for either. But if this pattern continues your "the NBN is not going to provide a return" will end up looking one your better miss fires.

Oh, and all claim that the NBN will raise prices qot squashed - the NBN has now committed to not raise prices by more than 1/2 the CPI for the next decade. And your hugely felt concern over Telstra not being able to advertise wireless as a fixed line alternative - well that provision has gone too.
Posted by rstuart, Monday, 12 December 2011 5:23:12 PM
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