What have they learned?

The world’s still in a very uncertain financial state and New Zealand is still too deeply in debt.

So what have the politicians learned?

Labour MPs are already planning to spend money we haven’t yet got which shows they’ve learned nothing.

Bill English showed on Q&A yesterday that National has learned the importance of decreasing debt and carefully directing spending where it will do most good:

Look, we have to be determined.  We are one of the most indebted countries in the world.  If you want the future of this nation subject to Labour and the Greens trying to buy votes with lolly scrambles, then we will get in a lot of trouble.  So we’re using the veto so we’re clear—  . . .

. . .   We’ve looked at the most vulnerable mothers and babies in New Zealand, and that is the young mothers under the age of 18.  There’s 2600 of them, and at the moment, they up until recently, they’re just left to sink or swim.  Children having children with no— not necessarily any support.  Some have it; most don’t.  Subject to all sorts of pressures, creating all sorts of intergenerational problems.  Now, the Prime Minister announced in August last year and then we put in the detail this year a package of measures to help those mothers and babies because we believe they’re the most vulnerable members of our society.  If we’re going to crack the cycles of dependency, that’s where we need to crack it.  . .

. . .We haven’t sent the wrong signal.  What we’re demonstrating is that we’re balancing the determination to get New Zealand out of its significant debt problem, because if we don’t do that, everyone’s entitlements are at risk.  Look around the world, seeing what’s happened to the entitlements of those countries where they don’t have their debt under control, they’re all being cut. . .

. . .We’re spending considerable money on it, but every time we make those decisions, we have to find the money somewhere else, and that’s the weakness in the Labour bill.  They want to be able to spend the money, but they don’t want to take responsibility for where the money comes from.  . . .

. . . Well, if the economy picks up and we get back to surplus sooner, then of course there’s room for discussion about all those things that people want us to have more of, but fundamentally we need a growing economy with less debt.  We’re achieving those things at the same time as supporting our families by increasing their Working for Families payments, increasing their early-childhood education and maintaining the paid parental leave.  I think we’ve got the balance about right. . .

. . . But I think the point here, Paul, is the government finances will get in a mess if we allow Parliament to go around spending up large with no responsibility for how to manage where the money comes from— . . .

Spending too much contributed to the debt we’ve got.

National understands that and is doing its best to get public spending under control and direct spending from the unproductive sector to the productive one, without scaring the horses too much.

Labour is still showing it’s the party that is still putting more thought into spending money than working out where it will come from.

12 Responses to What have they learned?

  1. From the Cowshed says:

    Yes I agree. I think we really need to look at increasing the eligibility age for superannuation. We have a growing aging population and this will be a real millstone around the country’s neck unless we take action now.

    Like

  2. Andrei says:

    We have a growing aging population and this will be a real millstone around the country’s neck

    This my friend has only one solution – more babies, fiddling with the age of eligibility for super will not fix it! Nor will “ more savings for retirement because nobody actually wants to employ people over sixty, the jobs are not there for them, even if they are physically capable of doing them, which in many cases they are not.

    If the percentage of the population in their productive years shrinks in proportion to that of those who have passed their productive period we are in trouble because more resources have to be allocated to the old, which by necessity have to be diverted from the young.

    This is why Western civilization is in its twilight years – the least great generation has not placed a priority on raising generations to succeed it, preferring materialistic hedonism to family responsibility. This is becoming apparent as this vapid generation reaches retirement age

    Like

  3. Borealis says:

    National has learned nothing.

    I think that the biggest obstacle that this government faces,(if it wants to solve its indebtedness,stagnant growth etc), is the problem caused by government extracting too much capital from the economy. Business needs capital to maintain the status quo, to tread water,or to expand , produce jobs, to maintain itself, provide
    service to other NZers.,pay future tax, etc. Government charges across the board, local government, government inefficiencies etc. are costing way too much.

    The dairy industry is a major component of maintaining New Zealands standard of living. Yet National Party legislation, such as The Resource Management Act has imposed huge costs, continuing costs, and inefficiencies upon that industry.

    Consider the situation in Southland. With Environment Southland, large costs have been imposed over many years, farmers have fenced off streams, huge amounts, installed stipulated effluent schemes on farms, endured bullying inspectors, and yet apparently the environment is still heavily polluted. The great plan of the self proclaimed experts has not worked. We read it in the Southland Times every day. We hear that the Mataura river is one of the worst in New Zealand. In spite of massive expensive farmer investment imposed by Environment Southland and their expanding army, it has only gotten worse. Huge amounts of capital have been expended , for what little gain. Still they demand more…… and more……………….

    I had it explained most succinctly, (?) to me, that Environment Southland is managed by doctrinally extreme, myopic, lightweight, sickly pale, green, power infatuated, liberal ideologues, who are operating way out of their depth.

    My message is that burgeoning Government and Government created costs are far too heavy a burden for the productive sector to support. Government and makes New Zealand Inc. inefficient.

    Like

  4. Borealis says:

    Apologies. My final sentence should have read, “My message is that burgeoning Government and Government created costs are far too heavy a burden for the productive sector to support and it makes New Zealand Inc. inefficient.”

    Like

  5. homepaddock says:

    Borealis I agree with you about the burden of government and that is why National is determined to rein in public sector spending.

    Like

  6. From the Cowshed says:

    I think most 60 year olds are in pretty good nick compared to their parents and grandparents generation. Not many people are spending their whole working lives ‘on the end of a shovel’ due to advances in technology and, with a better diet and exercise, are in much better shape than their parents were. They say 40 is the new 30 – well that’s what I keep telling myself haha!

    Also many in this age group are actually self employed or are the bosses who make the hiring and firing decisions. Generally they are working for longer anyway because they can and they quite often want to.

    My mother in law is a very young 60 something and would be horrified if anyone thought otherwise!

    Like

  7. Sally says:

    Borealis. Re your paragraph –

    “I had it explained most succinctly, (?) to me, that Environment Southland is managed by doctrinally extreme, myopic, lightweight, sickly pale, green, power infatuated, liberal ideologues, who are operating way out of their depth.”

    My feelings, also, re the ‘governance’ and ‘management’ arms of ES. I wonder if they have any idea at just how dangerous their ideology really is?

    Like

  8. robertguyton says:

    Borealis – “I had it explained most succinctly, (?) to me, that Environment Southland is managed by doctrinally extreme, myopic, lightweight, sickly pale, green, power infatuated, liberal ideologues, who are operating way out of their depth.”

    You had to have it explained to you?
    By whom, your mum?

    She forgot ‘dope-smoking, pinko agitators hell-bent on bringing farming to its knees.’
    Oh, and ‘vegetarians’. No, vegans! I’ve eaten with them. They sing ‘Kumbaya’ before nibbling on their lettuce leaves and drinking their jasmine tea and they recoil from meat as if it were poison! Poison!
    Dangerous, Sally! You don’t know the half of it! When the doors close on that boardroom, they all pull on their Chairman Mao suits and jackboots! It’s a madhouse in there!

    Like

  9. Bushbasher says:

    That explains it, RG.I was wondering why…. When last in Southland, there were signs of looming farm bankruptcies everywhere. Beggars on the streets of Gore! Commodores at least 3 years old in farm driveways! Coronary cases due to tax bills! OMG. Something must be done…

    Like

  10. robertguyton says:

    It’s a very sad state of affairs, Bushbasher. Bloody greenies!!
    I’m so angry!

    Like

  11. Dave Kennedy says:

    I have also heard the reason for the discrepancy between the farmers reporting on their fencing compliance* for the Dairying and Clean Streams Accord and MAFs findings (Tasman farmers claimed 69% compliancy but MAF found it was actually 17%).

    Apparently MAF employed a vegan dwarf with size 2 boots to do the measurements.

    *Streams are defined as deeper than a “Red Band” (ankle depth) and “wider than a stride”, and permanently flowing..

    Like

  12. jabba says:

    for the 1st time ever, I agree with something Bob says .. Borealis, you did leave out the people bOb added

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: