When Governments are blessed with generosity, they tend to squander, waste and fritter. Saving for a rainy day is anathema.

No matter, when up against lean periods, they borrow heavily and go on squandering, particularly if a Labour Government.

We are a country that has enthusiastically sold its birthright to a point where foreign ownership of Australian assets. Sadly, revenue raised through sales is largely squandered. Are we far away from being that Banana Republidc?