There are no surpluses

There are no surpluses in NZ right now, not in any real sense. There is only debt, negative externalities and deferred costs.

Hickey on surpluses and Key’s bullshit

Bernard Hickey: “It is extraordinary for the Prime Minister to call the Treasury’s short and long term forecasts a “load of nonsense” and yet rely on the medium term ones to promise all manner of riches to voters on the eve of an election.”

There is no surplus

In Year Eight of this National government, the idea of a budget surplus is a joke. They’ve promised it for nearly a decade. They’ve fiddled the books. The truth is, there is no surplus.

The surplusgoround

The on again off again surplus is on again. Key will be kicking himself for telling us all that we’re not interested in this artificial target.

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”.

Surplus sunk

The Nats are going to miss the only target they ever cared about hitting – the mythical surplus. Seven wasted years and counting…

Polity: Mr Angry tries to reheat 2011 campaign

Steven Joyce is asking about how Labour can afford their policies. Half of the money is what National is planning to spend unwisely. The rest is from documented increases in revenue in a fiscal plan. Unlike National’s mythic surplus, these are solid values. They will produce a solid surplus to pay down National’s debt.