Thank you Metiria.
Some movement on social security (a thing we all deserve)
Some movement on social security (a thing we all deserve)
Something to check out if you are in Auckland tonight, the CTU’s Bill Rosenberg discusses the budget. He will “examine the Government’s priorities and look at what needs to be done”.
“It’s gone too far. The spin and message control has got stronger. They are less willing to put scientists out there to talk to the public because of the inability to control the message” – Shaun Hendy.
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”.
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.
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.
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.
Treasury’s main forecasts for the economy have worsened significantly since December: Nothing for jobs in the Budget. Tens of thousands more on the […]
This post will be updated by the Standardistas as the details of the Budget come out. If you have special knowledge of a […]
We need to keep paying into the Superannuation Fund. Never heard anything so dumb as the idea of stopping making payments right now. […]
With a loving smack that would have brought a smile to Bob McCoskrie’s face, the Herald‘s editorial today rebukes John Key in the […]
John Campbell interviews John Key on the budget, refusing to let him get away with merely repeating his focus-grouped lines. At about the […]
From John Armstrong in The Herald: Is it enough? Michael Cullen has given it his best shot. He has been about as generous […]
It’s disappointing that Michael Cullen has ruled out both a tax-free bracket and a GST cut in his tax cut package to be […]