Join the dots

Steven Joyce, wearing his Associate Finance Minister’s hat, told the National Party Mainland Conference that in the past five years core government expenditure increased by 50% while the tax take rose by half that amount and the economy grew by only 3%.

Later Finance Minister Bill English told us that the government will do all it can to protect New Zealand from the sharpest edges of the recession and that the ability of businesses to invest and employ is the only way to counter unemployment.

It wasn’t hard to join the dots and work out that the government’s ability to blunt those sharp edges and businesses’ ability to invest and employ would have been so much greater had core government expenditure and the tax take not grown so much and had the economy grown more under Labour’s watch.

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