The decrepit state of Victoria in 2023 is far, far worse than it was when Labor was dramatically booted from office in 1992 amid a collapsing economy and public debt of $32 billion.
By the time of the next Victorian election in 2026 – public debt will be north of $165 billion.
Back then, Labor’s hapless Premier, Joan Kirner, was dumped after trashing the state economy, triggering a slanging match between her and her Treasurer, Tony Sheehan, about how to deal with the shambolic state finances.
Jeff Kennett swept to office and rapidly set about restoring the economic fortunes of Victoria and pride...
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