budget2012

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Nats’ economic failures just another excuse for cuts

Written By: - Date published: 10:49 am, April 27th, 2012 - 16 comments

Didn’t take much clairvoyance to see that National would fail to meet its promise of a Budget surplus by 2014/15. You’ve never seen a Finance Minister have his forecasts cut so often and look so happy about it. His failure against his own artificial target gives him an excuse to cut. His party’s ineptness to blame but we pay. Students look to be his target this round.

Who blew the Budget?

Written By: - Date published: 10:58 am, April 19th, 2012 - 14 comments

As part of the Nats’ pre-Budget framing, English’s mate Farrar is running graphs meant to show a blow-out in spending under Labour. Problem is, he hasn’t adjusted for GDP growth, or even inflation. How dumb does he think we are?

Nats need better excuses on billion dollar tax cut borrowing

Written By: - Date published: 8:38 am, April 11th, 2012 - 12 comments

As the Nats try to spin us into accepting another zero budget, focus is turning to 2 big holes that their policy decisions have created. First, the $1b+ a year spend on the low to negative value Roads of National (Party) Significance. Second, the $1b+ annual cost of the 2010 tax changes. That’s $2b+ that could be spent elsewhere, avoiding spending cuts without more borrowing.

Another “Zero budget”

Written By: - Date published: 9:34 am, April 6th, 2012 - 72 comments

Another “Zero budget” has been signaled. Some commentators think it’s a bold move. I beg to differ.

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