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The end of Ruthenasia

Written By: - Date published: 8:03 am, May 21st, 2021 - 61 comments

National presented a particularly glum picture in Parliament yesterday.  And it was not only the realisation that Judith Collins is out of her depth. It was because this budget spells the end of Ruthenasia.

Government Control at Air New Zealand

Written By: - Date published: 7:12 am, April 14th, 2021 - 67 comments

The New Zealand government has just increased its loan to Air New Zealand to a $1.5 billion total, and there’s a catch.

The Very, Very Lucky Country

Written By: - Date published: 8:18 am, February 17th, 2021 - 5 comments

While Australia is rightly branded The Lucky Country, it looks like we can reasonably be called the Very, Very Lucky Country.

Must New Zealand Pay Back All This Public Debt?

Written By: - Date published: 9:34 am, December 20th, 2020 - 22 comments

Without much fanfare, Minister Robertson has used 2020’s crisis to bury the historic scourge of monetarism and within it the excuses of the governments that used it as a pretext to sell off our key government income generators.

Things that will live

Written By: - Date published: 10:58 am, June 19th, 2020 - 14 comments

Despite downbeat economic predictions and an imminent global recession, the New Zealand recovery offers opportunities for entrepreneurial success that exceed anything we’ve seen for decades.

dear sysop: on covid-19 debt

Written By: - Date published: 3:33 pm, April 25th, 2020 - 60 comments

We put in guest posts occasionally.  These days I’m the person who runs the email account and sees the general ones. Mostly I don’t give any feedback as much as anything else because a lack of time. But I should. This is the first to get that editorial attention. The topic itself is worth discussing. What is the process of raising debt for the cobid-19 economic response.

National created more working groups than Labour

Written By: - Date published: 8:00 am, January 18th, 2020 - 31 comments

The Herald has reported that National in its first two years of Government created *more* working groups than Labour.

Labour’s infrastructure spend announcement

Written By: - Date published: 12:06 pm, December 1st, 2019 - 35 comments

Is the Government commitment to the budget responsibility rules weakening? Because at the Labour Party Conference Grant Robertson has indicated that the Government will shortly announce a big capital spend on infrastructure.

Common-wealth Government

Written By: - Date published: 8:14 am, November 18th, 2019 - 16 comments

Advantage is testing an idea out. What will a common accountability framework for the government look like?

Should the Government spend massively more?

Written By: - Date published: 3:18 pm, August 8th, 2019 - 58 comments

With yesterday’s announcement by the Reserve Bank to cut interest rates by 1%, some are suggesting that the government should embark on a massive public works spree to stimulate the economy while increasing national debt at low interest rates.  But Kiwisaver reform may be more effective.

Farewell Mr Makhlouf

Written By: - Date published: 12:39 pm, June 13th, 2019 - 46 comments

Gabriel Makhlouf will be remembered because of events surrounding the unauthorised access of Treasury information by National. History should result in him being remembered for more positive things, like the creation of a new framework that has restructured how the government spends public money from the ground up.

The Attack of the Snowflakes

Written By: - Date published: 7:00 am, June 4th, 2019 - 119 comments

National is playing the innocent victim of Budgetgate whilst being the aggressive attacker all along.

The Reserve Bank Reform Bill

Written By: - Date published: 7:23 am, December 7th, 2018 - 11 comments

The Government is planning changes to the Reserve Bank Act to require it to seek full employment. Maybe it is time for a dramatic change to its powers so that it has the regulatory powers to properly deal with the Australian banks.

Public Service Reform

Written By: - Date published: 4:30 pm, September 6th, 2018 - 27 comments

For a country the size of Melbourne, we have a ridiculously complex state, and this layer of accountablility is largely a complete waste of our taxpayer money and degrades our agency as citizens.  Can we do better?

Australia and New Zealand budget days

Written By: - Date published: 7:47 am, May 7th, 2018 - 23 comments

Isn’t it time we at least synchronized the New Zealand budget with the Australian budget?

Does this Government have the money to deliver?

Written By: - Date published: 9:51 am, April 30th, 2018 - 76 comments

I’m sure all revealed at Budget 2018, but the financial management of this government is not surefooted.

Why be a public servant?

Written By: - Date published: 1:16 pm, July 20th, 2017 - 28 comments

Today thousands of IRD workers face the prospect of losing their jobs while two MOT workers who lost their jobs for whistle blowing are vindicated.  Who would be a public servant?

Debt to Income Loan Limits

Written By: - Date published: 7:56 am, June 15th, 2017 - 116 comments

this is not the hope you were looking for

The possible introduction of debt to income lending ratios will potentially have an enormous effect on New Zealand’s housing market.

Key’s Blind Trust vs Our Blind Faith

Written By: - Date published: 4:19 pm, April 29th, 2016 - 29 comments

So Key’s lawyer reckons the PM directly requested that trust industry leaders lobby the Revenue Minister. On the other hand, PM DunnoKeyo reckons he did no such thing. That leaves some really big questions …

Who is ultimately responsible for NZ’s massive dairy farm debt?

Written By: - Date published: 1:11 pm, March 12th, 2016 - 82 comments

People talk of excessive borrowing in the dairy sector. Of course, the real problem is that of excessive lending.

The great big list of John Key’s big fat lies (UPDATED)

Written By: - Date published: 7:00 am, January 27th, 2016 - 79 comments

How many more lies will John Key tell today in his so-called State of the Nation address? Virtual chocolate fish to whomever guesses the closest number.

Nats failing Christchurch and lashing out at Treasury

Written By: - Date published: 7:02 am, December 1st, 2015 - 128 comments

A Treasury report calls the Christchurch rebuild plan “unachievable”. Gerry Brownlee immediately springs in to action – attacking Treasury. Christchurch deserves better than this…

In face of share market meltdown, Govt’s options limited

Written By: - Date published: 7:15 am, August 26th, 2015 - 55 comments

John Key says New Zealand has options in the face of a share market meltdown and is not like Greece (well that’s a relief). Simon Louisson asks how real are John Key’s options? Thanks to this Government’s profligate past spending, including irresponsible tax cuts, our options have narrowed drastically.

National literally want to hide the costs of inaction on climate change

Written By: - Date published: 6:45 am, May 20th, 2015 - 134 comments

We the people only learned of Treasury projections on the costs of inaction on climate change (up to $52 billion) because someone screwed up a redacted document. We were never meant to know. And National’s Minister for Climate Change Issues statement on the matter is that Treasury should have done a better job of hiding this vital information from the public.

Polity: Income mobility

Written By: - Date published: 12:43 pm, November 21st, 2014 - 17 comments

David Farrar seldom seems to actually read the reports fully before he starts inventing meaningless canards. A theoretical equality of opportunity is irrelevant when your parent’s lack of disposable income is the major determinant of your own education and opportunities. We waste the opportunities from peoples abilities because of income inequalities.

Hiding the government’s failure on poverty

Written By: - Date published: 2:00 pm, October 17th, 2014 - 81 comments

Thanks to Radio New Zealand, we now know that National got no real plan to address poverty, but also that they really, really don’t want to be honest about it.

Polity: Mr Angry tries to reheat 2011 campaign

Written By: - Date published: 12:31 pm, August 11th, 2014 - 13 comments

Steven Joyce is asking about how Labour can afford their policies. Half of the money is what National is planning to spend unwisely. The rest is from documented increases in revenue in a fiscal plan. Unlike National’s mythic surplus, these are solid values. They will produce a solid surplus to pay down National’s debt.

NRT: So much for the surplus

Written By: - Date published: 1:21 pm, July 8th, 2014 - 40 comments

As was generally expected by anyone who’d been watching the actual economy rather than just the dairy exports, business profits are lower than expected. And there aren’t the jobs and pay increases in our “rockstar” economy. So consumer spending measured by GST is low as well. Meanwhile the price inflation keeps increasing government costs. So we are already on track for a large deficit next year rather than the government’s much-touted imaginary surplus. You have to ask why we deserve a government that appears to live more in a universe of wishful thinking than reality.

National – pissing debt against a wall.

Written By: - Date published: 3:41 pm, March 11th, 2014 - 77 comments

The deficit was $637 million dollars bigger than expected. In fact it was more than double the expected size. Why? Well  mostly because of much smaller tax revenues than previously estimated. So much for the mythic recovery that National’s spinners have been pushing over xmas. We just finished paying off the mountain of debt that National gave me back in the 1970’s and early 80s. Now the shifty party of crony business morons are trying to do it to another generation.

NRT: Treasury, National, and child poverty

Written By: - Date published: 2:18 pm, February 28th, 2014 - 10 comments

In many ways what is even more irritating about this screwup by treasury is that it isn’t likely to be the children living below the poverty line that has an impact. It is the large numbers of elderly that Treasury has now discovered getting worse off and falling into poverty.  After all they have a vote. Whereas children don’t so the future accumulated costs of their poverty aren’t something that this government will concern itself about.

Tale of two Irelands

Written By: - Date published: 9:41 am, February 20th, 2014 - 42 comments

Tracey recounts the rise and fall of the `financial genius` John Key’s pet financial hub for NZ to emulate the paragon economies that tried it. Like Ireland – the home of the jobless and deserted housing projects.

Fortunately he was somehow prevented from stuffing NZ in this way. However he did put in some legislation of dubious value to allow NZ to be used as a haven for hot money fleeing taxes…

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