John Key tells us that he would cut â€˜wasteful government spending’ to pay for upper-bracket tax cuts bigger than Labour’s cuts. But do the facts match the rhetoric?
Remember National’s wastewatch website? It listed $900 million in â€˜waste’ since 1999 only 0.2% of government spending, which won’t pay for many tax cuts. And most of the supposed â€˜waste’ was building new prisons, hardly waste.
While Key talks about restraining government spending he hasn’t actually announced any spending cut policies, just the opposite. Last month alone Key announced: $100 million for boot camps for 1000 problem kids; $15 million for bonus for early student loan repayments, more if early repayments actually increase; uncosted extra spending on prisons from repeal of bail laws; uncosted increase in spending on Court security; uncosted increase in funding (up to $2 billion) for leaky homes.
Key needs to be truthful. He needs to say what spending he would cut. Instead, he announces increased spending at every turn. How would he pay for monster tax cuts? Magic?