Key’s surplus excuses

Apparently this budget surplus that the Nats have been going on about for the last 6 years is an “artificial” target that is “like trying to land a 747 on a pin head”.

NRT: The biggest failed state on the planet

As I write this, the US Congress is in the final minutes of running out the clock before shutting down the federal government. From midnight, budgetary authority will expire, and the government will not be able to spend any money. Except, of course, on waging war – no matter what happens, the US War On Us will continue regardless.

Time for Nats to front up over lost dividends

Labour’s fiscal strategy takes National’s projections and adds or subtracts money for its policies. The clever thing is they alter the Nats’ projections to remove all the dividend revenue from assets they want to sell. How much is taken off National doesn’t affect if Labour gets back to surplus in 2014 – but it makes National’s projections more accurate. The Nats are complaining.

British austerity budget

The first budget from the new Tory-LibDem government is a shocker, with massive austerity cuts and a rise in VAT to 20%. This is the bill for the £850 billion bail out of big banks coming home to roost.

Bleak and bleaker

Treasury’s main forecasts for the economy have worsened significantly since December: Nothing for jobs in the Budget. Tens of thousands more on the […]

What we need in the Budget

We need to keep paying into the Superannuation Fund. Never heard anything so dumb as the idea of stopping making payments right now. […]