Imagine what New Zealand might have been like if the last nine budgets hadn’t been covered in red.
Imagine how much stronger the country’s balance sheet would have been had middle and upper income families not been turned into beneficiaries, had the emphasis been on improving services rather than changing systems, had we not been saddled with an over priced train set, had the goal of returning New Zealand to the top half of the OECD not been ignored. . .
Imagine how much stronger households and businesses would have been had we not had nine years of over taxing and over spending.
Imagine how much better off New Zealand would have been had Michael Cullen not spent the lot last year.
It wouldn’t have stopped the global economic recession but policies which minimised the dead weight of the state and maximised growth would have left us in a stronger position to deal with it and recover from it.