Some free advice to Labor on the WA budget

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From SBS:

The incoming WA Labor government is already warning West Australians the state’s record debt pile could take decades to overcome.

The battle over who voters wanted to run the state’s economy was won by Labor on Saturday after a bitter election campaign in which the opposition accused the government of wasting the riches of the now-ended mining boom.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.