Daniel Andrews’ plan to make Victoria the country’s most in-debt state is good for the economy. Queensland is finally reopening to Sydney, prompting predictions of an exodus the other way. And Donald Trump capitulated to Joe Biden while also denying doing any such thing.

Premier Andrews’ government will pour nearly $50 billion over four years into everything from infrastructure projects to more tutors, business tax breaks and a housing stamp duty waiver in a bid to create 400,000 jobs. The bill for the high-risk gamble to pull the state out of its pandemic malaise is $155 billion in debt.