Fire hose finances

Answer of they day from yesterday’s question time:

Jami-Lee Ross: Has he received any reports on alternative approaches to getting back into surplus?

Hon STEVEN JOYCE: No, but I have seen a lot of proposals to simply spend more money, whether it is the increased cost of borrowing more, higher tertiary student support, ineffective research and development tax credits, ever-increasing early childhood education subsidies, or even, in fact, army brass bands. The approach advocated for, resembles a fire hose of borrowed money being sprayed round—and not just borrowed money, but money borrowed internationally. Somehow all of these policies of spending more money and making no savings would apparently still leave the Labour Party back in surplus by— . . .

A “fire hose of borrowed money”.

I do love a good image and oh how I wish I had the skill to turn that phrase in to a picture.


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