Written By:
Zetetic - Date published:
6:40 am, April 16th, 2012 - 40 comments
Categories: Minister for Overseas Holidays -
Tags: golf, indonesia, National's civil war
Having had 4 weeks off at New Years, a week fluffing around in Korea, and a week’s holiday in Europe, Key is in Indonesia, where his first order of business was a round of golf followed by a BBQ.
While searching for an image of this for a caption contest, I learned something: You know how Key and Boag were both at the same golf tournament when the Nat Civil War blew open? Turns out you and I paid the $500K prize for that tournament.
On an unrelated note, we definitely can’t afford to extend paid parental leave.
The current rise of populism challenges the way we think about people’s relationship to the economy.We seem to be entering an era of populism, in which leadership in a democracy is based on preferences of the population which do not seem entirely rational nor serving their longer interests. ...
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A different tone and room for progress on Paid Parental Leave?
The only issue seems to be when we can afford it.
Can the bill proceed with the added proviso that it starts when we are back in surplus?
Or could an agreement be reached where one of the power company asset sales allowed an additional 10% of non-voting shares to cover the cost?
Is there a possible (affordable) Parental Leave solution?
How about we don’t give away those assets and instead, use the income stream to pay for PPL, Pete? That actually makes financial sense, as you know, but this Government is not about monetary responsibility is it?
But that would mean more borrowing, something we need to avoid.
The asset sale suggestion was a bit tongue in cheek, but if a party wants new policies implemented when they are in opposition there has to be a way to pay for them as a part of the deal.
No Pete only those who cannot see past six months ahead of them would think this was a good idea. Long term if an asset returns 18% but interest rates are 6% you would have to be an economic imbecile to think it was a good idea to sell to pay down debt.
So the government borrows $500,000 to pay for a golf tournament? How did that escape the eagle eyed scrutiny of the MSM? Oh that’s right, they were looking the other way. But not in the direction of Key taking a two week ‘holiday’ in Europe. No story there.
The NZ Government can secure international funds at 3% p.a. or less.
Not if we keep borrowing…
Maybe we should increase our taxes to bring them into line with Australia, then?
You do realise even if they were returning 18% (i suspect normalised return much much lower) but lets for the moment assume you right….
…that the sale price would be such the the actual return to investors whould gravite towards 6% and proceeds to the Government would increase accordingly
If you dont believe look at yields on IPOS over last few decades – will be in range of 5% to 8% max
I think that the government is talking up / manufacturing a debt crisis to make it the focus of all policy.
There is good debt and bad debt, if the debt is to get money for things that will continue to make money long term then its not the issue its being made out to be.
To make an analogy borrowing to start a business that will grow into something profitable isn’t something to be avoided. Likewise borrowing to give children the best possible opportunity to be healthy, well adjusted and productive members of society is something that should be shot down on purely financial terms.
Anyway I find it a little bit encouraging that Key is willing to discuss, maybe they can even vote for the bill in its first reading and not look like a lame duck government having policy go past it against its will.
He’s still wrong about the veto though, it might not strictly be undemocratic but the way it was announced, when it was announced was clearly in order to have a chilling effect on public engagement at select committee and steal momentum from Labour on this issue. When this is against the will of parliament you are treading a fine line.
Of course i mean shouldn’t be shot down on purely financial terms
“But that would mean more borrowing, something we need to avoid”
We won’t need to borrow more you moron. All we have to do is to redirect the on going borrowing from Tax cuts for the rich, and other ambitious spending like the Holiday Highway. to things like this.. Simple…
Not with the current government. There’s a reason why the veto is available, to prevent chaos with how our democracy runs.
For example, long tern highway planning and commitments can’t be chopped and changed whenever a Member’s Bill gets public support. Just the same as things like WFF can’t be tweaked as soon as an alternative way to spend or tax comes up that some bloggers like.
There isn’t any long term planning as far as the RoNS are concerned as they’re all useless even in the short term.
Long term planning would take into account declining road usage and Peak Oil.
Exactly. “Long term planning for highways” lol. What an oxymoron.
So, about two years after National are voted out?
“Can the bill proceed with the added proviso that it starts when we are back in surplus?”
Um. It wouldn’t be passed until 2013 at the earliest. It would phase in over 3 fiscal years (2013/14 to 2015/16). Surplus is meant to return in 2014/15.
Moreover, there is a billion extra per year in each budget from 2013 on that is unallocated.
So, the deficit is a non-issue here.
Ah, right, so UF will allow the total sell off of our assets.
BTW, selling productive assets won’t cover the costs of an ongoing expense. Keeping them will.
You can get away with a lot when you play that grey old chestnut of building up tourism and enhancing our reputation in major events.
Gifting casinos more pokies, major studios cash and some law changes, then there those lovely mines that brownless claimed would be great tourism spots.
The excuses get lamer by the day but then why try as the MSM nor the voting public don’t.
+1 tc.
You can get away with a lot when you play that grey old chestnut of building up tourism and enhancing our reputation in major events.
Not enhancing our reputation. Enhancing his…
Quite simply, John Key’s government does not think twice or give a hoot when they squander money on their ill-advised priorities for their own interest and to advantage their cronies, but is quick to cry poor and demand austerity when it is in the public interest and common good.
The unelectable ogre, English is the real power behind the throne anyway.
He is to Key what Cheney was to Bush.
The brutal and nasty extremist thug.
It is no surprise that it is English who is wielding the undemocratic dictatorial power of the veto.
When asked whether this decision would have been made by the Prime Minister. English answered: “I have consulted with the PM. Of course.”
Um, isn’t this a bit back to front?
Not only is parliament being undemocratically over ruled, it is being done by someone who when he was the leader of the Nats. they couldn’t win a chook raffle.
Is it that English is the REAL power or that English gets delegated to front the bad news and has little control at all? In which case, he wouldn’t be a very happy chappy.
I think you are right Carol. Rumours I’ve heard are that McCully and Brownlee have more influence behind the scenes, Key gets to front the happy fluff and pretend to be relaxed and English gets to deliver bad news as the general public never really warmed to him anyway.
Who knows there is always something slightly sneaky going on with most politicians, more and more is a case of never let true intentions get in the way of a photo opportunity so no one is totally up front about things.
English is there because the old conservative farming block of the National Party (particularly in the South Island) backs him strongly.
But that is not enough to give him much sway in current proceedings as the rest of National view him as their past, not their future.
Probably why English always wears a scowl. Of course Dick Cheney also always sported a scowl.
Maybe it is because of how these individuals see the world.
Has anyone inquired after the length of time spared for Mrs English to stay home nursing her several babies? Or did Bill “veto” that?
Depends which Mrs English you mean – the one in Dipton or the one in Karori.
So councils have to concentrate on ‘core business’ and this Worst. Govt. Ever. is free to flaff around with professional golfers and spreading them some largesse.
When was John Key due to retire .. ?
November 27, 2011. Job done.
November 27, 2011. Job started.
November 27, 2013. Job finished.
Nah, Key only ever had to get them to the second term.
Danyl over at The Dimpost has been having some fun:-
😆
This talk of needing to be in surplus is a smokescreen. The government can print money if it needs to. Indeed, governments all around the world, including the US and UK, are doing just that. The fact is that PPL and Mondayising holidays are anathema to the Tories.
Uh huh.
‘They’ print money and tell others there is no alternative. The trick is to do it themselves and stop others.
Boussef, Brazil’s President, gets it and spoke out against the global ‘tsunami’ of cheap money, unleashed by the US and the EU in the wake of the financial crisis, that is rendering their exports less competitive:
http://dawn.com/2012/04/02/what-keeps-brics-together/
Meanwhile, back in New Saleland, the government readies our valuable public assets to be flogged off in exchange for the global tsunami of cheap money?
English says we can’t afford $150 million for parental leave but tax payers can afford
$650 million to help out the farmers via to ets committments.
A nat ‘choice’ is to get rid of public service workers because of the cost saving,then
hires consultants at a cost of hundreds of thousands each.
‘Selective’ nat prioritising is strangling the economy,key and english call it re-shaping.
The sale of the tax payer owned assets is to pay debt,then it is to build schools,hospitals
etc,now mining,oil drilling,fracking,is also to pay for building schools,hospitals etc,is
there two account books in the beehive or is the rhetoric given to every minister when
they have got to get out of a hole,as in Q & A on sunday morning.
‘Veto’ yelled english,to key’s horror,so key tried to calm the waters to save some
angry voters from jumping ship by saying ‘we will look at it later’.
There are many instances what english and key says, flies in face of the
real truth,now is a good time to ask key and english “show us where the hell nz is
heading economically,because we just dont understand the maths of what
you are both doing to our godzone” I can think of a word beginning with R and it
has P in it,four letters.
Simple way for English to afford an increase in PPL. Actually do something about your claims of wanting to catch Australia and match their 18 weeks PPL. It’s not the 26 weeks that is being talked about but it will bring us on a par with Australia in terms of weeks leave. Won’t cost a whole lot either English.
We already have an FTA with Indonesia so a high-level trade delegation there seems to me completely unnecessary.
http://dilbert.com/strips/comic/2012-04-11/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+dilbert%2Fdaily_strip+%28Dilbert+Daily+Strip+-+UU%29
Nah, no Cabinet rift.
“English yesterday denied there had been a difference in views.”
http://www.stuff.co.nz/national/politics/6755955/No-Cabinet-rift-over-paid-parental-leave
What is that common saying in China again?
“Only believe something when the government denies it”??