Unaccountable. The Oregon Department of Transportation is unaccountable for routine cost overruns on major highway projects. Nothing it has done has acknowledged or solved this decades old problem, and giving it billions more will fuel further cost overruns. ODOT’s Key Performance Indicators (KPI’s) misleadingly claim that 97% of projects are completed under budget. ODOT is careful to define overruns only as costs after contracts are awarded: this conceals ODOT staff’s consistent pattern of low-balling cost estimates to get projects approved. ODOT also has a practice of “re-baselining” a project—retroactively altering the initial cost estimate to conceal cost increases. ODOT’s project database omits every large project that has experienced a cost overrun. The agency’s Transportation Project Tracker dashboard lists only six tiny projects as having experienced cost overruns.
The hyperbolic scare campaign against the government’s changes to the tax concessions of superannuation continues with almost little care of reality or context.
So let’s give you some.
- Almost no one will be affected by these changes. 99.5% of Australians currently don’t have more than $3m in super
- Using figures reported in the Australian Financial Review 97% of all people currently in the labour force will never have more than $3m in super.
So some questions:
- Do you have more than $3m in super? No? Then nothing changes.
- Are you ever going to have more than $3m in super? No? Then nothing will change.
At this point, you might be wondering why the big fuss? And you would be right.
To get to $3m worth of super you have to earn an extremely large amount of money your entire working life.
How much money? We’ll let’s create an 18yo who has just left school and see how they go.
OK, you don’t have any qualifications, but lucky you, you got a job that pays the average full-time wage of $106,277. Feeling good? You should! You are now earning more than 75% of all Australians! Not bad for someone with only a Year 12 certificate!







