Who blew the Budget?

• Eddie
• 12 years ago
• Categories: budget2012, spin

As part of the Nats’ pre-Budget framing, English’s mate Farrar is running graphs meant to show a blow-out in spending under Labour. Problem is, he hasn’t adjusted for GDP growth, or even inflation. How dumb does he think we are?

(source: PREFU 2011)

It wasn’t Labour that crashed the budget. It was a National government that decided it would be a good idea to borrow a billion a year for tax cuts and another billion a year for highways to nowhere, while adding 80,000 people to the benefit queue at an annual cost of a billion more.