Bernard Hickey has a great piece in the Herald on Sunday that you shouldn’t miss.
Starting with:
looking at the charts from Treasury’s Monthly Economic Indicators pack just made me angry.
They show how irresponsible John Key’s Government has become in the pursuit of pleasing its wealthy backers.
It is clear now that the Government has effectively cut the income tax rate and paid for it by borrowing money overseas, in large part from China. It is an act of economic treason and generational selfishness when a government has decided an already-wealthy part of the population deserves higher incomes paid for by loading foreign debt on future generations of taxpayers.
and finishing with:
Voters will have to repay this debt in decades to come. Why are they not revolting at this national act of selfishness?
it’s a powerful indictment of National’s economic record.
It’ll be interesting to see any National supporters’ response to it.
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