That was Then, This is Now #29 – Joyce’s $11.7 billion hole – goneburger!
It would appear that Ms Kaye has inadvertently ‘sunk’ Steven Joyce’s claims of Labour’s $11.7 billion “hole” made during last year’s election campaign.
It would appear that Ms Kaye has inadvertently ‘sunk’ Steven Joyce’s claims of Labour’s $11.7 billion “hole” made during last year’s election campaign.
The claim of an $11.7 “fiscal hole” became a dominating irritant throughout the election campaign, even though in large part it failed simply because no one else (except Bill English) agreed that it existed. TV3’s “Newshub” even created this now-famous, handy, infograph to illustrate the fact that Joyce and English were effectively on their own;
Each time the Nats open their mouths to carp about the Coalition’s reforms, it is a delight to remind them of their own pitiful track record over the last nine years. And for Steven Joyce, I offer his very own:
The 2017 Pre-Election Fiscal Update (PREFU) revealed that the Nats had achieved a respectable $3.7 billion surplus – contrasting sharply with the $1.6 billion forecasted surplus in the May 2017 Budget. How did National achieve such a remarkable feat, despite reduced revenue from tax cuts in 2009 and 2010 and the re-build after the Christchurch and Kaikoura earthquakes?. One doesn’t have to search far to find one possible answer where cuts were made to achieve their much-vaunted surplus;
National is increasingly on the back-foot with New Zealand’s ever-worsening housing crisis. Ministers from the Prime minister down are desperately trying to spin a narrative that the National-led administration “is getting on top of the problem”. Despite ministerial ‘reassurances’, both Middle and Lower Working classes are feeling the dead-weight of a housing shortage; ballooning house prices, and rising rents.
You can tell it’s election year; the lolly-scramble (aka, hint of tax cuts) has begun;
English’s bland assertion that “government actually with a good record on addressing, in fact, some of the toughest social issues” is at variance with actual, real, mounting socio-economic problems in this country.
Secret Internal Poll – National slumps to 42%
Labour’s promise of a return to (limited) free tertiary education appears to be unsettling some, for whom the last thirty years has been dominated by the implementation and bedding-in of user-pays (often gradually, so as not to spook the punters) ; reduced-tax; and minimalist-government ideology;
Prior to 1992, tertiary education at Universities was mostly free, with minimal course fees. On top of which, a student allowance plus part-time paid employment, was usually sufficient for students to graduate with minimal debt hanging over them.