$5billion? $hit happens.Unfortunately this isn't an April Fools joke.
Cancelled French submarine program could cost taxpayers more than $5 billion - ABC News
Recently it seems like a lot of money is being squandered on programs that don't see the light of day.
I'd say that Xavier has a sense of humour.That was my initial reaction.
Though, I have never thought of Naval News as an overtly playful with reporting sort of agency. Nor have they appeared gullible enough to fall for, and publish someone else's act of humor.
I know it's an April fool story, but I actually like the name HMAS Vegemite. Is anything more Aussie than Vegemite? And the tongue in cheek nature of the name fits the Aussie character perfectly.love the names in the article HMAS Vegimite sounds like a 1st April story
I disagree that it should be regarded 'trivially', it's a terrible waste. I don't think most Australians would treat the government losing 5 Billion dollars as casually as you do. It's shocking and I think most would want to see the folks who wasted it held to account. Just to give you an idea of the scope of the loss, that money would build 5 tertiary referral hospitals in Oz.$5billion? $hit happens.
Today that is beer money in the big scheme of things for the Australian economy.
Would you prefer we had spent $65b or $75b or $85b, etc, BEFORE making the change from conventional to nuclear subs?
Tell me please?
If the Government wants to claw back some of that money, let’s put the spotlight on the very excessive billions of dollars wasted on ‘middle class welfare’ every year.
I’m sure if the public was offered the option to give up some of their middle class welfare they would soon shut the F up!
In vIctoria we do that sort of thing all the time. Daniel Andrews tore up a contract for a badly needed freeway simply because it wasn’t his idea and that cost $1.3 billion. I don’t think anyone thinks it’s a good idea to rip up that amount of cash but if we start reporting adding up government waste here we will need another forum.I disagree that it should be regarded 'trivially', it's a terrible waste. I don't think most Australians would treat the government losing 5 Billion dollars as casually as you do. It's shocking and I think most would want to see the folks who wasted it held to account. Just to give you an idea of the scope of the loss, that money would build 5 tertiary referral hospitals in Oz.
Pollies aren’t exactly the brightest lights but naval ship building is a political C-F in most democracies. Certainly without the deterioration of the geopolitical situation, SSNs would have been a no-go but clearly were the correct choice 10 years ago from an operational point of view. One could blame the French for over promising but other contenders weren’t any better. The US and UK should have promoted the nuclear option via AUKUS much earlier. Having extra SSNs and support facilities is in their interest.I disagree that it should be regarded 'trivially', it's a terrible waste. I don't think most Australians would treat the government losing 5 Billion dollars as casually as you do. It's shocking and I think most would want to see the folks who wasted it held to account. Just to give you an idea of the scope of the loss, that money would build 5 tertiary referral hospitals in Oz.
And a quantum computer to do the addition.In vIctoria we do that sort of thing all the time. Daniel Andrews tore up a contract for a badly needed freeway simply because it wasn’t his idea and that cost $1.3 billion. I don’t think anyone thinks it’s a good idea to rip up that amount of cash but if we start reporting adding up government waste here we will need another forum.
Whilst I agree that it’s a horrendous waste of money, it’s definitely a win to get out of that contract - with the French saying that there will be a much lower level of Australian industry participation than planned, the Naval Group would have gouged our defence budget for the next 40 years. We learnt during the Oberon years that submarines require a large amount of maintenance parts and the only way to keep the costs under control is to manufacture them locally.I disagree that it should be regarded 'trivially', it's a terrible waste. I don't think most Australians would treat the government losing 5 Billion dollars as casually as you do. It's shocking and I think most would want to see the folks who wasted it held to account. Just to give you an idea of the scope of the loss, that money would build 5 tertiary referral hospitals in Oz.
Trivially? Casually? No, reality is all.I disagree that it should be regarded 'trivially', it's a terrible waste. I don't think most Australians would treat the government losing 5 Billion dollars as casually as you do. It's shocking and I think most would want to see the folks who wasted it held to account. Just to give you an idea of the scope of the loss, that money would build 5 tertiary referral hospitals in Oz.
I have no intention of doing any hand wringing nor sobbing but I would like there be just a little bit of accountability by those involved. Same with the other recent stuff ups in defence acquisitions. But there is none, never. It's one of the reasons why it keeps happening frequently, no accountability. No one is ever responsible and so it will keep on happening. With the deteriorating strategic environment we find ourselves in, we don't have time or resources to waste like this. You may think it's peanuts, I don't. I think most folks would agree.Trivially? Casually? No, reality is all.
We had a project for large conventional subs, it got cancelled, and now we turn out attention to nuclear subs, it appears the cost is approx $5 billion.
The money has been spent, it’s gone, kaput! Unless you’ve got a time machine and go back and change it to a nuclear project from the start, nothing will change, that is the reality.
And yes I stand by my statement, $5 billion is beer money in the big scheme of things of the Australian economy, which is approx $2 trillion per year, that’s trillion not billion.
Mate, if you want to go and sit in the corner and wring your hands and have a little sob over it, go for your life.
But nothing will change what’s happened, that’s reality.
Seriously? Again, seriously?I have no intention of doing any hand wringing nor sobbing but I would like there be just a little bit of accountability by those involved. Same with the other recent stuff ups in defence acquisitions. But there is none, never. It's one of the reasons why it keeps happening frequently, no accountability. No one is ever responsible and so it will keep on happening. With the deteriorating strategic environment we find ourselves in, we don't have time or resources to waste like this. You may think it's peanuts, I don't. I think most folks would agree.
I agreeSuch a loss of treasure is ’annoying’. But everything submarine is eye wateringly expensive.
at the time, it was money well spent, but then the game changed.
luckily it was at an earlier stage of the process.
Perhaps counter-intuitively, who ever was responsible for the courageous change in the program deserves to be congratulated actually.
It’s far from trivial. At median wages and median tax rates it’s the equivalent of c. 10k people’s lifetime PAYG taxes.Trivially? Casually? No, reality is all.
We had a project for large conventional subs, it got cancelled, and now we turn out attention to nuclear subs, it appears the cost is approx $5 billion.
The money has been spent, it’s gone, kaput! Unless you’ve got a time machine and go back and change it to a nuclear project from the start, nothing will change, that is the reality.
And yes I stand by my statement, $5 billion is beer money in the big scheme of things of the Australian economy, which is approx $2 trillion per year, that’s trillion not billion.
Mate, if you want to go and sit in the corner and wring your hands and have a little sob over it, go for your life.
But nothing will change what’s happened, that’s reality.
Mate, have a look at my post above.I agree
It’s far from trivial. At median wages and median tax rates it’s the equivalent of c. 10k people’s lifetime PAYG taxes.
All the income tax 10,000 average Australians will ever pay.
It’s a tremendous waste of money, and accountability is definitely called for. This can’t happen again with AUKUS, or the Hunters, or any other future program.
You assume we will get the nuclear subs. At present they are only vaporware.Seriously? Again, seriously?
You just said - “With the deteriorating strategic environment we find ourselves in”.
That just validated my point 100%.
Let’s talk facts:
* Fact - At the start of this project the ‘nuclear’ option was ‘not’ on the table.
* Fact - the LNP would have been more inclined to go nuclear from the start, but as we all know the ALP has strong ‘anti nuclear policies’, eg, no bipartisan support for nuclear.
* Fact - There was no conventional MOTS option to replace Collins.
* Fact - All options required a bespoke solution, the French Barracuda SSN design came closest to a ‘reference’ design of the same size, etc.
* Fact - The French reference design was chosen in April 2016, six years ago.
* Fact - The ‘strategic environment has changed’ as you’ve acknowledged above.
* Fact - The Attack class project ran for approx five years, total cost approx $5b, or approx $1b per year on yearly average.
* Fact - Due to the change in our strategic circumstances, the Government made the choice to go nuclear and create AUKUS with our UK and US friends.
Did I miss anything?
Did we make the best choice possible at the time? And with the knowledge at the time? Yes I think we did.
So who is accountable today for a decision made in 2016? Who had the crystal ball back then?
Please explain who is accountable and why? In detail please?