Tuesday, May 8, 2012

A sense of realism

Finance Minister Bill English has signalled that Budget 2012 is going to be pretty tight, with little room for new spending outside the areas of education and health. Few would argue the government having prioritised those two areas for extra investment.

John Key argued yesterday that a zero budget wasboth necessary and the right way forward for New Zealand; Stuff reports:

Prime Minister John Key says elections in Europe show the National-led Government is right to hand down another zero Budget this year, despite rising unemployment.
France's president Nicolas Sarkozy is out of office after one term following his defeat by socialist Francois Hollande.
He is the latest European leader to be tossed out of government after voter anger at spending cuts.
Austerity in Greece has led to riots on the streets and a vote there today is considered critical to pulling world markets out of financial crisis.
Key this morning said the result in France showed the Government here was taking the right action.
"Which is deal with your problems up front and don't let them get too bad," he told TVNZ's Breakfast programme.
"If you look at Greece where you have the really big push back against austerity, they have really lost control of their own country."
People wanted governments to spend more but borrowing put more debt on future generations.
"That's a really irresponsible thing to do."

And it seems that the electorate is comfortable with that. Alongside the story above, Stuff was running a poll; here are the results:



As can be seen above, more than 80% of almost 10,000 respondents agree with John Key and Bill English. That will be of little comfort to the parties that want to borrow heavily, spend freely and tax those who already pay the greater part of personal income tax in New Zealand.

We'd love John Key and Bill English to be able to throw a few morsels out on Budget Day, but our eceonomy simply isn't in any position to sustain that. But Key and English will be reassured that the overwhelming majority of New Zealanders understand that now is not a time for anything other than a conservative and responsible budget.


14 comments:

Anonymous said...

"Prime Minister John Key says elections in Europe show the National-led Government is right to hand down another zero Budget this year, despite rising unemployment."
He also said, "Black is white." and it's widely expected that his adoring fans will swallow that too.

Anonymous said...

And what to make of the majority against asset sales? Do they give you comfort, as this poll does?

Ciaron said...

Mandate.

Kieran/Ciaron (little dark one) said...
This comment has been removed by a blog administrator.
Anonymous said...

Peter Dunne's poll showed overwhelmingly that New Zealanders oppose the sale of their assets.
Ciaron's single-word defense reminds me of a spoiled child saying, Nah!
Spoiled
Child.

Anonymous said...

"now is not a time for anything other than a conservative and responsible budget"

Ask the people of France what they think of the sort of austerity conservative and responsible budgets National is offering.
Good bye Bill. Goodbye John.

Keeping Stock said...

Fortunately for New Zealand Anon, the people of France will not decide the outcome of New Zealand's next election. By then we suspect that Monsiuer Hollande's stated intention to tax, borrow and spend will have been exposed for the folly that it is, and that a latter-dat Storming of the Bastille may have already taken place.

Ciaron said...

National has a mandate to sell minority shares of a few power companies. I just love it when Anonymous (and i'm not looking at any one in particular) cry out that National has less than 50% and hence no mandate, fail to see that by that logic all the policy promoted by Labour should be consigned to the rubbish bin, as they only secured 34% of the vote.

Keeping Stock said...

You're being too kind to however many Anonymouses there are Ciaron. Labour campaigned AGAINST the MOM and got 27% of the vote. National campaigned in favour of the MOM, and was able to form a democratically elected government. The moment that John Key was able to go to the Governor General, he had his mandate.

Ciaron said...

Indeed, I can accept this and I do not like, support or vote for the backstabbing prick.

Anonymous said...

Hey! Ciaron's like me (" I do not like, support or vote for the backstabbing prick").
If it weren'tt for his blind-spot, we could be mates!

Ciaron said...

Anon 5:19,

Do you like Golf?

Judge Holden said...

And do you think that Anders Brevik has a point? If so, yep, you're just like Ciaron.

Keeping Stock said...

No Judge; I think that Brevick is mentally ill and probably suffering from a narcissistic personality disorder to boot. His crimes were atrocious, and I would lose no sleep if he never drew another breath. Can I make myself any clearer?