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The latest piece from recently enlightened Bernard Hickey is a despairing warning on the subject of borrowing: We are borrowing ourselves into permanent poverty New Zealanders learned this week that our output did not increase in the second half of last year. Yet our spending…
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John Key tells us that National hasn't decided yet what it would spend its extra borrowing on, what projects would be PPPs, what roads would be tolled under National. How, then, to explain this from last week's Agenda? RAWDON Give me an example of a…
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On National Radio's Morning Report and Nine to Noon yesterday, Key ran the 'not telling' line once again and it was once too often. Asked a simple question: 'What projects are you going to spend the extra money you plan to borrow on?' Key refused…
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Some may have noted an odd series of questions in Parliament and press releases from Bill English around government borrowing over the last month. The questions purposely conflated the idea of maintaining current debt levels with increasing debt. We noted this at the time and…