Government in turmoil over spending cap

20 comments on “Government in turmoil over spending cap ”

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1. aerobubble 1

   31 August 2012 at 11:26 am

   How to not deal with reality. You are overspending, say your faily have two cars and petrol prices are
   rising, so instead of cutting, dropping a car off at the tip, you buy a moped to commute to work.
   But its freezing this time of year, and your boss takes pity, lends you the work ute to get to work, so now most of the day two cars sitting outside doing nothing most of the time, wof running down. All government and private business needs to do is to set up car pooling, lower bus ticket prices, even provide employees with mopeds, but what Government is doing, because its anti-public transport, anti-picking car-pooling winners, anti-councils incentive’s for buses by free transport to car-poolers and moped riders (lowering the risk when they need an alternative, its very cold). But no, what happens is the council, or business, pays even more cash out running the heavy work ute for the worker who uses it to commute. We have these modes of transport, and do not see that they don’t contradict and compete, they actually have synergy. Helping families to retain only one car, rather than the spending cap which just pushed the cost onto the employer when they loaned out a work vehicle to commute to work (and also a gift that needs to be declared to the taxman). The choice of taking the bus, or the moped, or car-pooling the one car, allows for lowering of cost. What National are doing is just saying cut cut cut, and so provide managers with the incentive to push the risk off the book, oops, look petrol costs are up because we are getting more miles out of our existing fleet, exposing us to more wear and tear, and tax claims for undeclared bonus (use of a company vehicle).
2. Rich 2

   31 August 2012 at 2:11 pm

   Seen the news coming out of China? Construction’s crashing, so the steel industry’s slowing down and coal/iron ore related commodity prices are collapsing.

   If that’s the start of the China Crash, we’ll see problems from reduced imports of all commodities including food, reduced overseas investment (which funds much of our borrowing) and bank failures (both in China and Australia => NZ).

   The political situation would change quite drastically with milk payouts at $2, Westpac going bust and 10% fixed mortgage rates.
   • Colonial Viper 2.1

     31 August 2012 at 6:22 pm

     If that’s the start of the China Crash

     China crash started 6-8 months ago. Its become so severe now that even the fiddling of Chinese statistics can no longer hide it. Predictions are for a moderately hard landing over the next 6-12 months.

     Global consumer demand for Chinese production has fallen through the floor, and the Chinese govt has had to stop spending big on local infrastructure projects and easing of the money supply because food inflation is killing ordinary Chinese living standards.
3. Tom Gould 3

   31 August 2012 at 2:43 pm

   Don’t expect this to covered properly in the MSM or even the political media. Had it been a Labour coalition in charge, of course, the “government mayhem” headlines would have screamed from every billboard.
   • ak 3.1

     31 August 2012 at 5:35 pm

     Right on Tom. During the Helenhate frenzy, any one of the current 532 imbroglia would have been grounds for Herald-led revolution and public hangings.

     Remember the red front page and Helen/Lenin pix over proposed restrictions to election-buyers? – and the “fart tax” hysteria over around $200 per cocky?

     Ahh the bliss, at the terminal demise of the filthy, tory-owned rags of exploitation.
     • tracey 3.1.1

       31 August 2012 at 6:46 pm

       +jj
       • aerobubble 3.1.1.1

         3 September 2012 at 1:15 pm

         Key wants to sell state assets at the bottom of the market, in the turmoil of the
         greatest economic crisis since the great depression, wtf?
4. BernyD 4

   31 August 2012 at 2:57 pm

   Petition the UN to stop the Illegitamate Imbargo on Iranian oil ….. no spending caps required.
   GFC solved

   Greece and Spain would get it a few signatures

   Let alone Russia,China, Iran , and many other countries suffering as a result of American inspired “Oil Price Inflation”
   • Lanthanide 4.1

     31 August 2012 at 4:35 pm

     Yep, high oil prices over $80 is entirely the fault of the embargo on Iranian oil, and nothing to do with the peaking of conventional oil back in 2005.
     • BernyD 4.1.1

       31 August 2012 at 4:46 pm

       “The United States has had sanctions on Iran for most of the period since the 1979 Islamic revolution, with sanctions becoming broader since 1995 and expanded further since 2005.”
     • Colonial Viper 4.1.2

       31 August 2012 at 4:47 pm

       Yep. Given that oil prices spiked to US$140/bb in 2008, way before the Iranian oil embargo.
5. BernyD 5

   31 August 2012 at 3:13 pm

   Iran managed to move some oil earlier this year, America jumped on them
   Check out http://www.oil-price.net it was close to $90 a barrel , now it’s $112.65

   Transport costs are up, that’s why Solid Energy can’t move any product, more Jobs lost because of Americas’ current agenda.

   A lot of countries are going to be paying back Gemany / France and America for all the Bailouts for quite some time …. make u think?
   • Colonial Viper 5.1

     31 August 2012 at 4:52 pm

     Iran is still able to move a fair bit of oil to customers via intermediaries and third party traders. But yeah, the US led sanctions (essentially an act of war) are causing massive hurt to the Iranian economy.
     • BernyD 5.1.1

       31 August 2012 at 4:56 pm

       A lot more than Iran
     • ak 5.1.2

       31 August 2012 at 5:40 pm

       Never forgetting that the previous Iraq sanctions caused the agonising deaths of half a million Iraqi children.

       Gotta luv that dying empire of the “free” world.
       • Dr Terry 5.1.2.1

         1 September 2012 at 5:29 pm

         That is the immorality of sanctions, they they strike at the poor, children, innocent. The powerful suffer nothing, and care not too much about the underlings.
     • BernyD 5.1.3

       1 September 2012 at 11:09 am

       The people of Spain , Greece and any other country being impoverished by this should immigrate to France, Germany or America, follow the money I say.

       Since the power mongers of those countries (Not the citizens) are so hell bent on their own agendas, you might as well profit from them, no one else in the Civilised world is going to go up against them.

       Just look at the replies to my comment, people actually believe that “Natural” fluctuations are to blame. A lie engineered by the international “News Wire”.
       Iran has only ever responded to attackes from America and Israel, they Never instigate the attacks. From what I can see they are the more Civilised party in this.
       • Dr Terry 5.1.3.1

         1 September 2012 at 5:31 pm

         Yes, BernyD, I suspect that your last sentence is right.
6. millsy 6

   31 August 2012 at 11:32 pm

   Hopefully the spending cap will end up discreetly sliding off the agenda.

   This will more or less impose hardship on thousands of people, and will destroy what is left of our social security/welfare state.

   Hospitals, schools, polytechs will close all over the country, and state housing will be run into the ground.

   The goal of John Archibald Banks to impose US style health care would have been fulfilled.
7. millsy 7

   31 August 2012 at 11:34 pm

   No school milk, universal education, school dental services, NZBS/NZBC, no rural electrification, DSIR, rail, roads, Correspondence School, community roads , school buses, school journals, Karitane hospitals, health camps, etc

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