Blank Budget
Below are my thoughts on the budget.
ENDS.
ENDS.
posted by Cactus Kate at 12:38 AM
Friday, May 20, 2011
Saving the world from sanctimonious bearded men. One whisker removed at a time.
10 Comments:
LOL,
if that was a great budget, I have no idea how Blinglish had so many kids. His wife must have been bored senseless
This budget is great... it proves that Blinglish is not up to the job, is only slightly less bereft of ideas than filkoff, and underlines the fact that NZ needs a real Finance minister, and a govt with a pair, who can stand up and tell the NiMBYs to suck it, while they repeal the RMA, ETA, the socialice parenting acts (criminalising law abiding parents, while missing the target of those who bash their income streams to oblivion), and issue prospecting licenses with bonus royalty discounts for getting the mines/ wells into production inside 12 mnths, also redirecting 50% of new roading budgets into irrigation & electricity generation schemes
You really don't get it do you.
RMA, ETA, Mines, parenting, irrigation blah blah blah
This is the worst budget ever in the history of NZ.
$16bn black hole. Cullen, Nordmeyer, even Muldoon would never ever have let things get this bad.
How much is $16 BILLION? The entire welfare systems is now borrowed. The only responsible move is to stop the lot
Once the exchange rate heads back towards even the long term average (let alone a likely lower quartile) then that $16 Billion is more like $50 Billion, the 120% of GDP is 300% plus, and we're really. really, in the shit.
PIIGS - here we come!
and issue prospecting licenses with bonus royalty discounts for getting the mines/ wells into production inside 12 mnths,
It can take 12 months just to mobilise a drilling rig and get it to the arse end of the planet.
CK - your thoughts look a bit more in depth and penetrating than English et al and there are no figures that just don't add up
Regards, Peter
And no reliance on Treasury estimates. You know the ones who dealt with SCF.
the rich live by a mantra of trying to improve their income as well as cutting their deadwood.
which of those measures will cause the govt to borrow anything in order to get it off the ground?
Drilling companies (not just oil) will flock here if you make the reward shiny enough.
Cactus, this is probably the best commentary I've read yet on the budget (apart from mine, of course).
As you well know, this was not the *real* 2011 budget for New Zealand. The real budget will be the Brash Austerity Budget (or, the 'Christmas Is Cancelled Budget') to be delivered shortly after the November election, in which Liarbore is consigned to the cross-benches, National's majority is slashed and ACT picks up enough seats to force the Quisling Key to actually do something (other than smile and wave).
Alistair, precisely. Finally a reader who got it!
Incidentally, I give the most insightful MSM comment award to Garth George:
"I intended this week to comment on last week's Budget, but when it was delivered and analysed, I discovered there is nothing to say"
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