Yesterday’s anonymous editorial in The Herald was a real mixed bag:
Governments should never be given credit for a surplus until it is in the bank.
True, though The Herald happily gave the Nats credit for a surplus all through the election campaign.
The ability to budget for a return to surplus seven years after the global financial crisis has helped give the economy “rock star” status in recent years.
Oh please, let’s retire that rock star nonsense. We would have been in surplus long ago without the Nats tax cuts for the rich election bribe. National are not responsible for the eventual recovery, they are responsible for delaying it.
Tax cuts that year might be irresistible to a third term Government seeking re-election but they would be an act of fiscal irresponsibility, an admission its time was up.
A bit of unexpected honesty, and a quote to remember for 2017 when The Herald duly celebrates the next round of tax cut bribes.
The Government has brought the country through an international crisis better than most, thanks to the low debt it inherited, a dairy boom and an injection of earthquake insurance that matches the state outlays for Christchurch’s repair.
More unexpected honesty! The three pillars of our economic recovery, and not one of them has anything to do with National.