The parallel you are trying to create with Macquarie Point is simply not there.

This project is 100% funded by the State taxpayer. The government progresses it despite the fact that it will be a financial failure.

If our debt was low or well managed as it was when Gutwein floated the idea of a new stadium, that would be different, but we have the highest total per capita debt in Australia.

The fact that we are consistently running 1½ billion dollar deficits when the Federal government is only running a 10 billion dollar deficit is surely all the evidence we need to that our economy is in serious trouble.

According to your argument we should abandon decent planning altogether, however using the stadium as an example, imagine a private business trying to borrow 1 billion dollars plus when it can't already meet it's cost. Worse than that try telling investors/lenders the stadium is guaranteed to make a loss