Steven Joyce digs himself deeper into his $11.7b hole while Grant Robertson produces $5.5billion surplus

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Remember Steven Joyce lying to the country during the 2017 election that Labour had an 11.7billion hole in their budget?

Remember what the rest of the country said?

This week Grant Robertson announced a $5.5 billion surplus.

What was Stevens response to that?

Why he astoundingly doubled down on his previous lie…

Steven Joyce stands by fiscal hole despite $5.5 billion Government surplus

In response to the surplus announcement, The NZ Herald’s Rod Emmerson published a cheeky cartoon showing Mr Joyce’s fiscal hole claim being shredded like the self-destructing Banksy artwork.

In a tweet, Mr Joyce said the cartoon was “v cute but probably a tad early”.

“This surplus is largely from our last budget – give it two or three years and get back to me”.

A National Party spokesperson told Newshub Mr Joyce wouldn’t elaborate further on what he meant, but that he is “on record as standing by the claim”.

However economist Shamubeel Eaqub – who was among those to rubbish the initial allegations last year – says it’s well past time for National to give it up.

“Joyce needs to keep digging this hole,” he told Newshub.

…National need to keep the myth that they are the best economic managers alive because it’s the only thing that unites the sleepy hobbits of Muddle Nu Zilind.

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If you ask 10 NZers who is the best manger of the economy, despite all the evidence that shows National only looks after the rich and wealthy, 9 out of 10 all claim National do. This is why the lie Joyce used during the election almost won it for them, National must lie and must keep the lie alive at all times if they ever hope to win back the Treasury Benches.

Put aside the fact that Joyce himself lied about not including NZDF funding into the budget that left a $20 Billion hole, Joyce won’t stop lying about Labour’s budget hole myth, even when Grant rides home a surplus of $5 and a half billion because National needs the myth that they are better managers of the economy rather than simply Farmers, Bankers and property speculators.

The question is whether or not the sleepy hobbits of muddle Nu Zilind will ever see through the lie of National being better economic managers or cling to it like a frightened child holding onto their favourite blanket.

8 COMMENTS

  1. Surpluses are easy to achieve when fuel taxes are increased.

    How so you think will that go down with their overtaxed voters?

    • Surpluses are easy to achieve when fuel taxes are increased.

      Andrew, how does that compare to National raising gst, ACC levies, and fuel taxes when it was in power?

      The government will hike petrol tax by three cents a litre every year over the next three years to fund its Roads of National Significance programme and other roading projects, while road user charges will also rise, Transport Minister Gerry Brownlee says.

      The current rate of petrol excise for the National Land Transport Management Fund is 50.5 cents a litre, following a 2 cent/litre rise on August 1 this year. The latest announcement would take that to 59.5 cents/litre by July 2015, a rise over the three year period of nearly 18%.

      On top of that, there is a 9.90 cents/litre ACC levy charged, a 0.045 cent/litre petroleum or engine fuel monitoring levy, and local authority fuel taxes of 0.66 cents/litre, giving current total fuel taxes before GST of 61.105 cents per litre.

      ref: https://www.interest.co.nz/news/62545/govt-hike-petrol-taxes-and-road-user-charges-9-cents-over-three-years-pay-roads-national

      Would you like to explain to readers what is the difference between 3 cents charged by National and 3 cents charged by Labour? Are they different currency, perhaps?

  2. Steven Joyce is a criminal pure and simple as he used his clout at his own self built agency (MBIE) to ‘funnel” an illegal road contact deal with almost $100 million dollars apparently.

    Listen to it in this expose’ from Matthew Hooten in a pre-election 2014 talk back show panel discussion on ‘Radio live’ with Mark Sainsbury, Mike Williams, Duncan Garner and Michelle Boag.

    Listen at the 27 minute +52 second stage of the audio clip for this illegal contract deal Joyce was tied up to.

    * I’ve archived it here too (audio player below) because RadioLIVE only keeps 7 days audio available and I’ve noticed sometimes Mediaworks launders its talkback station’s audio feed when things get … contentious.

    Mark Sainsbury hosts ‘Sunday morning’ at RadioLIVE with guests Michelle Boag, Mike Williams, Matthew Hooton & Duncan Garner 31 Aug 2014
    MP3 file

    – P

    enclosure: http://www.thepaepae.com/wp-uploads/2014/08/Boag-Hooton-Williams-RadioLIVE-Sunday-morning-31Aug14.mp3 24057464 audio/mpeg

  3. Strange then that in almost 50 yesrs of dealing in and repairing tractors and fsrm machinery, our small family company did much better in the years that were govrrned by Labour and Labour led governments. Why? Because under those governments farmers had more money to spend..

    • I’m not surprised about that Dorothy. National’s austerity hurts almost everyone except big bankers, corporates, speculators, land-bankers, and other moneyed- types. 99% of us aren’t privileged enough to fall into that category.

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