Posts Tagged ‘pyrrhic surplus’

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.

Thinking too small

Written By: - Date published: 8:18 am, March 13th, 2013 - 24 comments

John Armstrong thinks poor Bill English has got it tough with the current drought and its impact on the budget. You’re thinking too small John. Way too small.

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