Defence budget-national "Ponzi scheme"

So well said from James Brown on duty over at the Lowy Institute. I will add to it that this is the fault of an entrenched senior bureaucracy that is bleeding our tax dollars for very little return.

"The defence budget is increasingly becoming a national ponzi scheme: drawing down on our strategic future to meet the political promises of our past. Australia is no longer on track to build the defence force outlined in the 2009 Defence White Paper."

Well, Australia could never be "on track" to do much with the failed 2009 Defence White Paper which was dead on arrival.