At least, that’s what I read from their latest pronouncement.
Treasury – the government economic and fiscal agency that couldn’t forecast its way out of a paperbag – has blown the dust off its 1980s economics textbooks and offered the same failed recipe for growth that its offered for the last quarter century.
Any fool knows that education is the key to our future, yet these idiots want to cut education spending by increasing class sizes and put higher education out of reach of many by reintroducing interest on student loans. What will the savings be spent on? It starts with ‘t’ and ends with ‘ax cuts for the rich’.
Treasury also calls for a more efficient, cheaper public service. Now, who can name the one public service agency that has received at 15% funding boost in the past two years under National? That’s right: Treasury. And who can name the government agency that is universally panned by its stakeholders and offsiders as useless and stuck in outdated modes of thinking? Bingo: Treasury.
This is an organisation who has been offering the same prescription for 25 years, and every time we have accepted it the result has been economic stagnation, rising poverty, and growing international debt.
This is an organisation that, when their much desired National-led government came to office in 2008, projected that the next three years would see 7.4% economic growth. They said that we would currently be growing at 4%pa and creating 47,000 jobs this March year – and this is without the Chch rebuild!
What actually happened? 1.2% growth in three years, growth spluttering along at 1.5-2%, and just 5,000 jobs created so far this March year.
If your job was forecasting and you were out by 500% on growth and 840% on job growth, you would expect to be fired.
If the predictions you make determined how $70 billion a year of public money is used and you got it so wrong, you would expect to be locked up for gross negligence.
If you were the minister for such an organisation, you would be demanding answers and rolling heads (unless, of course, your one job before entering Parliament was at Treasury)
So, I suggest we ignore everything these idiots say. Apart from the bit about cuts to core Crown spending. I know where we can cut $75m of waste right away.