When I read something from the IPA telling us we should have less government interference, I'm put in mind of a hyena at a zoo calmly putting the case for fewer barriers and zookeeper interference. After all, shouldn't the small, flightless fowl get to compete on a level playing field without all that costly, inefficient protectionism?

The article pointed out by Bazz is pretty much the same as those which predicted the end of oil by 2002.

When you go to Queensland, you are advised, because of daylight savings to adjust your clock back 25yrs.

KRudd is doing just that.

Increase taxes
Increase spending
tighten the labour market
Increase Big Brother control of every aspect of life.

Welcome to 1983 again.

Under Howard the wealth of the nation was channeled to the wealthiest 10% at the expense of everyone else.
Schools, hospitals, roads and Ports all run down to the extent that it is now more costly to get them back up to standard.
Rudd will be forced to spend not only on what Labour believes spending is necessary on, but also to make up for the lack of maintenance by Howard/Costello. In short, we now have to pay to clean up this mess.
(I am aware that the private school set may not have noticed the country being run down. Believe me, the rest of us have!)
So where was the IPA when the banks lost the last 15 years of profits and needed the government to prop them up? (Why can't we get some accountability?) Where was the IPA when Liberals lost about $3Billion gambling with foreign trading? (accountability?)
Just call yourselves the "liberal fan club" and be honest!
It is wrong that the Neo-Libs *still* think it's OK to channel the nation's wealth to a tiny fraction of the population, then let that tiny percentage lie to the rest of us about what happened when it collapses.

Errr Leigh; It is not a prediction, peak oil occurred last year around
July. Depletion is expected to be about 6% per year after the slack
from the GFC is taken up.

This extreme right-wing opinion piece is a steaming heap, riddled with silly claims.

In no realistic sense is there a "monster of a debt" in any case.