- Date published:
11:55 am, April 14th, 2015 - 16 comments
Categories: budget 2015, Economy, john key, Minister for International Embarrassment, national, same old national, tax - Tags: michael cullen
The difference is that they are completely and utterly different.
But John Key yesterday drew this comparison and would have us think that they are like each other and that this is why the National Government is reneging on promises made repeatedly over the past six years. I listed a few of these promises recently. If you go to John Key’s website and google “surplus” then you can see that John has been very interested, some would say fixated on the subject.
Realistically, modest budget deficits do not matter. It is better to keep the machinery of state operating than to cut good programmes just to make the books look better. But John Key and Co have made such a big deal about getting to surplus that they should be punished for their failure to do so. And standing there and saying repeatedly and repeatedly and repeatedly that a surplus will be achieved in the 2014-15 year is so stupid and dishonest that he should be castigated for doing so, even if in reality it is no big deal if Aotearoa does not reach this milestone.
Anyway here are a few differences between a budget surplus and landing a 747 on a pinhead:
The take away line? Those 2010 “fiscally neutral tax cuts” (another lie) that National implemented are the reason that the country’s books are still in the red, despite Key’s many promises that surplus nirvana would be reached.