Dud insulation scheme fix-it bill at $124m | Herald Sun

NEWS that the clean-up bill for the Government's failed home insulation scheme has blown out by another $100 million will come as yet another nasty surprise to weary taxpayers.

The bungled scheme, introduced by former prime minister Kevin Rudd, was a $2.4 billion plan to revive Australia's economy during the global financial crisis and tackle climate change by making houses more energy efficient.

It was a noble idea. But the management of the scheme by Canberra led to an unregulated and unsafe industry, as people rushed to cash in on the big handouts.

The scheme was eventually abandoned

Maybe they should have hired a fiscal genius like Steven Chu to oversee this bad-weather-preventing scheme.