What will Key cut?

27 comments on “What will Key cut? ”

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1. Bunji 1

   1 February 2011 at 10:56 am

   And indeed they’re already floating further cuts to ECE…

   National Ltd: Selling New Zealand’s Future.
2. Anthony C 2

   1 February 2011 at 11:01 am

   Well he can’t cut research funding because that paid for the first tax cuts…

   Maybe tertiary education with the last sprinkle of Kiwisaver on top.

   Kiwisaver will be a pity too, speaking for myself my Kiwisaver has clawed back the loss from the GEC and is now growing, seems like a bad time to slice it even more.
3. Inventory2 3

   1 February 2011 at 11:46 am

   One could just as easily ask where the $1.8b in additional spending that Phil Goff has promised just in the last week will come from
   • Blighty 3.1

     1 February 2011 at 11:51 am

     from closing tax loopholes, new top tax rate, scrapping the new missile system, ring-fencing property losses (and hopefully canning motorway projects)
     • Uncle Helen 3.1.1

       1 February 2011 at 10:04 pm

       Scrapping welfare handouts, introducing a flat income tax that’s the same for everyone, removing the right to vote for anyone who doesn’t pay tax or obey the law, dismantling the entirely useless 90% of the civil service that’s engaged solely in wealth redistribution.
   • Anthony C 3.2

     1 February 2011 at 11:54 am

     Yes one could if you were looking to misdirect. But last I checked National have the treasury benches for Budget 2011.
4. Mickysavage 4

   1 February 2011 at 11:58 am

   It is called a strategic deficit Martyg, a strategic deficit …
   • Shane Gallagher 4.1

     1 February 2011 at 12:11 pm

     All a ploy to create a crisis and then sell the country’s last assets to their rich mates here and overseas.

     The national standards in education are all about privatizing education… and then on to health (expect a crisis in the funding the health service soon).

     We have just seen the biggest transfer of wealth from the poor to the rich since the 1920s in the current financial crisis and NACT are just sweeping up the last scraps here in NZ for their rich buddies.

     Anti-spam: tricks – so appropriate!
5. Treetop 5

   1 February 2011 at 12:47 pm

   In some areas 40 % of 3 year olds are not in early child education according to Tolley. Nothing is being done to encourage this group. Were I the minister I would put my resources into getting all 3 year olds into ECE, instead the focus is on National Standards. Someone needs to explain to parents/caregivers the benefit of even 10 hours a week for a 3 year old attending ECE.

   Tolley if there are no kindergatens and child care centres in an area why not?

   Tolley has put the cart before the horse regarding the education of 3 year olds in particular.
6. Lanthanide 6

   1 February 2011 at 12:55 pm

   It seems quite unlikely they would introduce interest on student loans in 2011. They’ll save that up for 2012 after they’re re-elected.

   People voted for National for their promise of $50/week tax cuts and that they weren’t going to touch interest-free loans. Lots of idealistic young idiots bought it, and I think they’d very quickly go back to the left if National tried to do that.

   Having said that, though, National did bring in the 10% bonus for early repayments in 2009. I said at the time “here’s the carrot, where’s the stick?”. The stick is obviously interest back on student loans – maybe they’ll just stick it in at a low rate like 3% + retain the 10% bonus, so that way people can’t complain about how generous they’re being.
7. Deadly_NZ 7

   1 February 2011 at 1:14 pm

   And the Savings working group report is out too here’s a link I put it up on Google docs for any who want it.

   https://docs.google.com/viewer?a=v&pid=explorer&chrome=true&srcid=1eClXgZnVWjqGeIpR0nkUuL7RM3KiTDuBBZ9wBHK3GbNanKf8HWRzTApGu_tj&hl=en_GB&authkey=CNX3g_QF

   And as usual there’s granny Herald still spouting FUD for the NACTS that we are in danger of falling like Greece. What a load of Horseshit they are lumping all the private debt in just like every other article the write or is it more like Propaganda that they Spew ?

   http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10703400
8. randal 8

   1 February 2011 at 2:29 pm

   the one thing he is not going to cut is the amount his friends are going to make when they stag the share floats of privatised (read: looted) state assets
9. Graham 9

   1 February 2011 at 2:31 pm

   If a tiny percentage of the population were stopped from leeching most of the countries resources and cash, then the budget problem would be solved.

   A lot of these proposed cuts are going to create more unemployment now and in the future.
   • Colonial Viper 9.1

     1 February 2011 at 2:36 pm

     Graham, don’t fuss, if unemployment is truly increased by these measures, employers will have more power to suppress the ages paid to labour.

     Surely this is a very good thing for business in NZ. Ahem, and Australia.
10. tsmithfield 10

    1 February 2011 at 3:19 pm

    I think Key is hooking into a change of mood in the electorate. Otherwise, why would he be talking tough about cuts in the budget etc in election year? Perhaps promising less this year will actually be more in terms of votes.

    It seems to me that people are waking up to the fact that we can’t go on borrowing money indefinitely. Sure, our government debt is currently quite low by international standards. However, at the rate at which we’re borrowing, it won’t take long to become a major problem. Also, overseas creditors look at the combined government and private debt as an indicator of the creditworthiness of the nation as a whole, so the government needs to do as much as possible to ensure its side of the equation is going the right way.

    Perhaps people are waking up to the reality that its better to make some hard decisions now rather than have harder ones imposed on us later.
    • Irascible 10.1

      1 February 2011 at 3:37 pm

      So if the people are waking up to the issues around borrowing why hasn’t it dawned on Key & English? All I read & hear is the mantra if we sell off the state assets we can spend the money while continuing to borrow to pay off those, like Key & English, who received the big tax cut benefits under the successive NACToid budgets.
      Face it TS your great political lover is a financial failure – escpecially on the macro-economic level.
11. sean14 11

    1 February 2011 at 3:41 pm

    Looking at it another way, where will Phil get the money from?
    • Anthony C 11.1

      1 February 2011 at 3:48 pm

      You know what ‘looking at it the other way’ actually means don’t you?

      For your future reference the “it” suggests looking at a topic from a different angle, not looking at different topic altogether.
      • sean14 11.1.1

        1 February 2011 at 8:11 pm

        Sanctimonious much?
    • Lanthanide 11.2

      1 February 2011 at 3:48 pm

      Reversing unaffordable tax cuts that National irresponsibly gave to the top 10% of income earners.

      Next.
      • sean14 11.2.1

        1 February 2011 at 8:13 pm

        Won’t even come close to Phil’s inexhaustible appetite for spending.

        Next.
        • Colonial Viper 11.2.1.1

          1 February 2011 at 8:46 pm

          Apart from the small fact that the last LAB government had 9 consecutive budget surpluses.

          And under Bill and John’s fiscal incompetence, NZ is headed for 3 strikes out with a ballooning deficit.

          ‘Next’ Government needed is correct.
12. Afewknowthetruth 12

    1 February 2011 at 4:33 pm

    No action within the current paradigms will get us out of the very deep hole we are in, a hole that all previous governments -both National and Labour- were digging for years by borrowing and squandering. .

    The NZ economy is critically dependent on imported energy in the form of oil, and the price of Brent oil has just about reached $100, up 40% from what it was 6 months ago: since we import around 4/5 our oil, that will blow a huge additional hole in the government’s budget.

    The only thing that will cause the oil price to drop significantly is collaspe of the global econmy. Catch-22
13. prism 13

    1 February 2011 at 6:29 pm

    Aft..truth – Labour repaid debt. Can’t be accused of borrowing and squandering in such a cavalier fashion just so you can made a grand statement of disgust. They didn’t do some things that would have helped the country but let’s look at the facts. The oil price is going to impact badly and ‘blow a huge additional hole in the govt’s budget’, that’s a fact to be concerned about.
14. Draco T Bastard 14

    1 February 2011 at 9:53 pm

    The biggest problem with all the political parties is that they believe that the economy = money when the economy is the resources we have and how we use/renew them.
15. Bored 15

    2 February 2011 at 7:49 am

    The things Key can be relied upon to cut are:
    * taxes for the rich.
    * access to basic social services to pay for the cuts.

    The rest he will flog off, if it aint nailed down it will be fire saled to his mates. In Russia they call this kleptocracy.

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