False economy

16 comments on “False economy ”

• Comments are now closed

1. Pete 1

   6 March 2012 at 11:24 am

   Treasury warns of deficit blowout

   “The Treasury said tepid wage growth and employment sapped source deductions, while insurance companies sought GST refunds, and companies paid less tax than forecast”. This government couldn’t manage an economy even if Bill English had a book called How to manage the economy in three easy steps.
2. Kaplan 2

   6 March 2012 at 11:34 am

   Treasury warns of deficit blowout
   I’d like to think if nats and the treasury were on the board of public company they’d have had their backsides handed to them by now.
3. Sanctuary 3

   6 March 2012 at 11:47 am

   2,500 unemployed x $250PW (single, 25+, accommodation supplement) unemployment benefit x 52 weeks = $32,500,000 in additional government spending.

   $250 per person per week is actually on the light side in terms of benefits available.

   Now, how big was that “saving” again?
   • vto 3.1

     6 March 2012 at 1:53 pm

     $20,000,000 for 2,500 jobs equals $8,000 per job for 2 years.

     So, the clever dunces in this govt save $4,000 and spend $32,500.

     This lot are bloody thick. They simply can’t do maths. It is exactly like putting the ACC premiums up to make it more efficient for the private sector.

     Bill English needs to give his job up to a fifth form maths student.
   • Ianupnorth 3.2

     6 March 2012 at 3:26 pm

     There is of course the assumption (on the part of NACT) that those 2500 laid off will walk into new jobs, except, those new jobs simply do not exist, as many people’s skill sets are quite different to those in the labour market.
   • Bored 3.3

     6 March 2012 at 4:07 pm

     I would suggest that that number is totally under the radar….for a comparison lets go back to Marty Gs column a few years ago…. http://thestandard.org.nz/tax-cuts-for-rich-at-heart-of-debt-problem/

     So $1,500,000,000 borrowed for tax cuts for the rich PLUS $2,145,000,000 for unemployment (165000 employed at $250 per week times 52 weeks a year)…you might draw the conclusion that without the tax cuts we would only be in half as bad a position.

     This is a tribute to economic genius of Shonkey Jonkey, the bankster who used to gamble with others peoples money. Now he’s gambling with yours and your childrens childrens money.
4. Kotahi Tane Huna 4

   6 March 2012 at 11:52 am

   Police are scratching their heads after a man was involved in a traffic collision involving his car and a bus stop, three letterboxes, some outdoor furniture and a tree. Security camera footage however, shows that the car was parked the whole time. The driver, a Mr. English, claims that he switched the engine off just before the crash.
   • Vicky32 4.1

     6 March 2012 at 6:47 pm

     Talking of police, I just heard on 3 News, that police are to be given the option of “your pay or your job”.. I don’t remember details, I was listening whilst correcting someone’s English for their website… (Such (unpaid 🙁 ) fun!)
     But it can’t be good…
   • David H 4.2

     6 March 2012 at 10:22 pm

     One of Bill English’s Brighter family members involved??
5. ropata 5

   6 March 2012 at 1:02 pm

   Thanks for nothing smarmy J.honKey and BullshitterEnglish
   http://www.stuff.co.nz/national/politics/6530219/Treasury-reveals-budget-deficit-blowout
6. muzza 6

   6 March 2012 at 1:47 pm

   Here is an example of why the savings have been so poor….

   Large public body, had foreign head leading large resourcing department, in a temporary capacity. During temporary leadership, contracts were signed with foreign based consultancy. Temporary head, now works for foreign consultancy, who have large number of “heads” inside the public body!

   Not really going to save anyone anything is it!
7. Bored 7

   6 March 2012 at 4:10 pm

   Actually, I think we could have benefited hugely with the public service cuts….Treasury disbanded completely and replaced with a $5 Tarot card reader….huge efficiency and cost savings gains.
   • Draco T Bastard 7.1

     6 March 2012 at 4:20 pm

     Why pay $5 when we can get tarot readings for free? In fact, that site has a huge amount of choice for our governmental divination decision making.

     😈
8. Ianupnorth 8

   6 March 2012 at 5:11 pm

   There is a hope that one day someone will have the balls to do this to our leader
    
   http://www.guardian.co.uk/world/2012/mar/05/former-icelandic-prime-minister-trial
    
   Does this sound familiar (my emphasis)

   Geir Haarde, who was ousted after Iceland’s three biggest banks collapsed and the country’s economy went into meltdown, could be jailed for two years if found guilty of gross negligence in failing to prepare for the impending disaster. He denied the charges and claimed that “only in hindsight is it evident that not everything was as it should have been”.
   Haarde was instrumental in transforming Iceland from a fishing and whaling backwater into an international financial powerhouse before the credit crunch caused the economy to crash almost overnight.
   The Icelandic parliament’s “truth report” into the causes of the crisis that forced the country to borrow $10bn (£6.3bn) to prop up its economy, accused him of “gross negligence”. He is also accused of failing to rein in the country’s fast-growing banks, whose paper value before the crash had ballooned to 10 times the gross domestic product of the island state of 320,000 people. And he is alleged to have withheld information that indicated the state was headed for financial disaster.
   • Kotahi Tane Huna 8.1

     6 March 2012 at 5:19 pm

     His best defence is that he is a stupid man who got where he is by good luck, not merit. At least that angle would have the virtue of being backed up by research.
9. Hami Shearlie 9

   6 March 2012 at 11:55 pm

   Now we hear the tax take is down. But no talk from Blinglish of reversing the tax cuts to the wealthy. People could have understood a tax cut to large businesses who were willing to use it to employ more people, but giving it to ALL wealthy people was crazy!! The reason given was that it would kick-start the economy. FAIL! Giving a huge tax cut to people who did not use it to expand a business and employ more staff was madness – most of them put it in the bank or spent it on holidays overseas, so nz didn’t even get any of that back in revenue to nz businesses. I’m thinking that they won’t reverse the tax cuts purely out of self-interest, they love their fattened pay packets and their family trusts must be overflowing by now. After all, being a minister(and aren’t there a huge number of those) gets you twice the pay of a backbencher!

   Maybe now we are all starting to see why Simon Power left. He obviously knew all the new and very foolish policies that were being planned and didn’t want to be connected with them. The Nats are realising the loss of Power now, he was popular with many people, and it’s funny, they’re only just starting to realise that their beloved Steven Joyce ain’t a popular guy!! Who’s left to take over from Shonkey – Judith Collins? I bet she even scares her husband!!!

• Comments are now closed

• Log in
• Donate
• Contribute post

• Articles RSS