Labour and the Green Party are trying to pretend they would be good economic managers.
David Cunliffe and Labour have actually increased their new spending promises for the next four years to $18.4 billion, despite putting some of their proposals such as New Zealand Power on the never-never, National Party Finance Spokesman Bill English says.
“David Cunliffe and David Parker have again been caught out under-costing their expensive promises,” Mr English says. “This is irresponsible and deceptive and confirms that under David Cunliffe, Labour is reverting to its failed spend and tax recipe of the past.
“We saw what happened the last time around – under Labour in 2008, floating mortgage rates reached almost 11 per cent, inflation exceeded 5 per cent and the economy went into recession well before the global financial crisis.”
Labour’s latest costings attempt, which it released on Monday, confirm its untried New Zealand Power proposal, which would give politicians control of the electricity industry and push up power prices, would be postponed until 1 January 2018.
And in another example of it attempting to dress up its numbers, Labour has also pushed back free GP visits for over 65s and other groups to 1 January 2017.
“So while David Cunliffe is going around New Zealand making expensive promises, he is quietly pushing some of them back beyond two elections because he knows they are unaffordable,” Mr English says.
“But he has again failed to hide Labour’s real spending agenda because he has not added in promises made over the last two weeks.
“Even using Labour’s own numbers, the cost of its promises over the next four years is now $17.3 billion – up from its claimed $16.4 billion when it first attempted to cost its policies.
“But when the real costs of its proposed R&D tax credit, compulsory KiwiSaver and New Zealand Power are included, the tally jumps to $18.4 billion – up from around $18 billion the last time around.
“As Labour’s numbers come under scrutiny, they keep changing them,” Mr English says. “David Cunliffe has tried to say he would spend less, but when you add it all up he is actually spending more.”
Labour Party Election 2014 Spending Announcements – as at 27 August 2014
Four year costings as per Labour documents unless noted
|27-Jan-14||Best Start Policy||614|
|27-Jan-14||Extended Paid Parental Leave||245|
|27-Jan-14||Early Childhood Education Announcements||352|
|14-Apr-14||Bowel Screening Programme||56|
|23-Apr-14||Veterans Pension Extension||37|
|25-Jun-14||R & D Tax Credit*||1,079|
|25-Jun-14||KiwiBuild Finance Costs||176|
|2-Jul-14||School Donation Policy||175|
|3-Jul-14||Family & Sexual Violence Policies||60|
|5-Jul-14||Digital Devices in Schools||120|
|5-Jul-14||Food in Schools||70|
|22-Jul-14||Regional Investment Fund||200|
|24-Jul-14||Digital and Connectivity Policy||21|
|30-Jul-14||Living wage for Public Sector||94|
|31-Jul-14||Centres of Vocational Excellence||40|
|4-Aug-14||Youth Employment Package||182|
|10-Aug-14||Free Doctors’ Visits||540|
|18-Aug-14||Tertiary Education (incl ACE)||130|
|24-Aug-14||Immediate Funding of City Rail Link****||800|
|25-Aug-14||Other Education Initiatives||45|
|25-Aug-14||Other Smaller Initiatives||80|
|25-Aug-14||Maintain Real Value of Spending in Public Services||9,000|
|25-Aug-14||Policy Soon to be Announced||289|
|Total Announced Spending Pledges||18,394|
*Adjusted to reflect Treasury’s forecast costs of the previous R & D Tax credit
**Adjusted to include the average Kiwisaver tax credit paid to new Kiwisaver members
***Adjusted to remove the claimed fiscal offset for wider benefits in one part of the economy that ignores wider costs elsewhere
****Labour says it would reprioritise existing transport spend but most of first 4 yrs committed/contracted
Note: some costs differ from the original Labour releases as a result of fiscal tables released 25 August.
This is only the cost of its spending.
It doesn’t take into account the cost of poor economic management, higher and extra taxes, higher interest rates, a greater burden of government and all the other hand brakes a Labour/Green?New Zealand First.Internet Mana government would impose on the country.
Higher spending and higher taxes didn’t work for New Zealand under the last Labour-led government and it won’t work if voters are conned into trusting another one.
Hopefully voters have learned what works for New Zealand and New Zealanders because Labour and its mismatched mates haven’t.
The first of iSentia’s weekly Leaders’ Indexes shows that Prime Minister John Key dominated the news in the mainstream and social media.
This shows how much coverage each party leader gets, it doesn’t differentiate between good and bad coverage.
But when one of his new candidates is more recognisable than he is, David Cunliffe might be thinking that any more publicity, even if it’s negative, might be better than almost none.
When it comes to social media the Internet Mana Party’s two leaders are getting fewer mentions than either Act leader Jamie Whyte or Conservative leader Colin Craig.
Is that irony or just proof that the name is as fake as the partnership?
. . . National’s slip leaves it still strong but also underlines the fact that it does not have the election in the bag.
But its problems are slight compared with Labour’s. Its latest average is below its 2011 election score of 27.5% and far below the 33.0% average at the end of 2013. To make matters worse, a Reid Research poll for Native Affairs on Maori TV showed the Maori party’s Chris McKenzie ahead in Te Tai Hauauru.
The Greens continued to be steady. Their latest four-poll average was 12.6%, which would net it 16 seats.
While party support is volatile, the most encouraging result is the continuing belief the country is going in the right direction.
Saturday’s soapbox is yours to use as you will – within the bounds of decency and absence of defamation. You’re welcome to look back or forward, discuss issues of the moment, to pontificate, ponder or point us to something of interest, to educate, elucidate or entertain, amuse, bemuse or simply muse.
1363 Beginning date of the Battle of Lake Poyang; the forces of two Chinese rebel leaders— Chen Youliang and Zhu Yuanzhang—were pitted against each other in what is one of the largest naval battles in history, during the last decade of the ailing, Mongol-led Yuan Dynasty.
1574 Guru Ram Das became the Fourth Sikh Guru/Master.
1590 Tokugawa Ieyasu entered Edo Castle.
1720 Samuel Whitbread, English brewer, was born (d. 1796).
1791 HMS Pandora sank after running aground on a reef the previous day.
1797 Mary Wollstonecraft Shelley, English writer, was born (d. 1851).
1800 Gabriel Prosser led a slave rebellion in Richmond, Virginia.
1813 Battle of Kulm: French forces defeated by Austrian-Prussian-Russian alliance.
1813 Creek War: Creek Red Sticks carried out the Fort Mims Massacre.
1835 Melbourne was founded.
1836 The city of Houston was founded by Augustus Chapman Allen and John Kirby Allen.
1862 American Civil War: Battle of Richmond: Confederates under Edmund Kirby Smith routed a Union army under General Horatio Wright.
1862 – American Civil War: Union forces were defeated in Second Battle of Bull Run.
1871 Ernest Rutherford, Nobel Prize in Chemistry laureate, was born (d. 1937).
1903 Guide Joseph Warbrick and three tourists were killed instantly when Roturua’s Waimangu geyser erupted unexpectedly.
1908 Fred MacMurray, American actor, was born (d. 1991).
1912 Nancy Wake AC GM, New Zealand-born World War II secret agent, was born (d. 2011).
1914 Battle of Tannenberg.
1918 Fanny Kaplan shot and seriously injured Bolshevik leader Vladimir Lenin.
1922 Battle of Dumlupinar, final battle in Greco-Turkish War (1919-1922).
1926 – Kawarau Falls dam became operational.
1930 Warren Buffett, American entrepreneur, was born.
1935 John Phillips, American singer/songwriter (The Mamas & the Papas), was born (d. 2001).
1942 World War II: Battle of Alam Halfa began.
1943 Jean-Claude Killy, French skier, was born.
1945 Hong Kong was liberated from Japan by British Armed Forces.
1945 – Supreme Commander of the Allied Forces, General Douglas MacArthur landed at Atsugi Air Force Base.
1946 Peggy Lipton, American actress, was born.
1951 Dana, Irish singer and politician, was born.
1956 Lake Pontchartrain Causeway opened.
1962 Japan conducted a test of the NAMC YS-11, its first aircraft since the war and its only successful commercial aircraft.
1963 Hotline between the leaders of the U.S.A. and the Soviet Union went into operation.
1967 Thurgood Marshall was confirmed as the first African American Justice of the United States Supreme Court.
1972 Cameron Diaz, American actress, was born.
1974 – A powerful bomb exploded at the Mitsubishi Heavy Industries headquarters in Marunouchi, Tokyo – 8 killed, 378 injured.
1984 The Space Shuttle Discovery took off on its maiden voyage.
1995 – NATO launches Operation Deliberate Force against Bosnian Serb forces.
1999 – East Timor voted for independence from Indonesia in a referendum.
2003 – While being towed across the Barents Sea, the de-commissioned Russian submarine K-159 sank, taking 9 of her crew and 800 kg of spent nuclear fuel with her.
Sourced from NZ History Online & Wikipedia
Soon to be former-New Zealand First MP Andrew Williams is taking his party to court:
New Zealand First MP Andrew Williams is taking legal action against his party for dropping him as an electorate and list candidate for the general election.
Mr Williams who was ranked number three on the list in 2011, was removed from the list when it was published on Tuesday.
The MP says he has instructed his lawyers to file papers in the Auckland High Court seeking declarations that the New Zealand First Party breached its constitution when it determined its party list.
He believes he has been mistreated by the party and will ask for an urgent hearing following the election on 20 September. . .
He could be doing the country a favour.
Electoral law requires party to use democratic processes in their selections.
Doing what the leader wants, which is what is what most suspect NZ First’s approach, doesn’t fit the usual understanding of democratic.