The PERT Report, titled the “Big Reset”, authored by Moya Greene, has been already greeted with derision by labour and others in denial. A public debt of nearly $50 billion seems still insufficient proof that the economy can never thrive by “spending our way to prosperity”.
Let's face facts. NL is effectively insolvent. Greene’s proposal to lower spending by around $1.4 billion is a best case scenario - not the likely one; the likely one is far worse. When the challenge is so large, and the options so few, any plan of repair is devastating.
Moya Greene can't be faulted for this; any deficit of her making lies in the fact that she wrote 338 pages and another 67 pages of executive summary to convey the team's ideas. Five pages of straight talk might have been more effective. As it is, the focus of the Report is diverse; some important issues are not addressed clearly enough.