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While looking for something else I came across this Youtube clip in which Alan Grayson raised some questions about the way the Federal Reserve has lent money to overseas countries without approval from Congress. New Zealand gets quite a strong mention here..
Borrowing
It did get me wondering however – does anyone actually know how much money we have borrowed?
So from the Herald this morning regarding Leaky Houses, How to casue the destruction of any gains in GDP over the last 10-15 years build crap that will cost 10’s of Billions. And surprises surprise Lab pushed it under the carpet, Nats have no ideas. Lab = Nat in yet another aspect of life, and we all suffer yet again.
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10628835&pnum=0
Key says he will top up super by 2% to compensate pensioners but wasn’t Labour already increasing super each year for inflation in their last term ? It would be interesting to see what the increase of GST on the average pensioner living costs a year vs a 2% rise in their pension. The media are already spinning it that pensioners are happy with 2% when no one has worked out if it does compensate the average pensioner..