Why don't they do it in the road?

Government expenditure on roads is 'hideously inefficient' and if Joe Hockey thinks the only way to attract super fund investment is to put the risk onto taxpayers then he is about to get screwed.

On Friday Treasurer Joe Hockey had a constructive meeting with NSW Premier, Mike Baird, and his Treasurer Andrew Constance, plus super funds, industry groups and investment managers, to talk about how super funds might be encouraged to invest in infrastructure.

Well, constructive for some. It was actually the prelude to a gang-bang: Joe Hockey is about to be screwed.

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