It was the total lack of facts i had an issue with.............
On November 8, 2008, John Key's new National-led government inherited an economy with low unemployment, budget surpluses and low debt.
The government inherited debt of $10.2bn, but borrowed heavily in subsequent years. Debt is now $61.8bn - six times what it was.
When National took office in 2008, annual net migration was sitting at just 4,700. in 2017, it hit record levels of at 72,500, with no signs of abating.
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Kinky is using a feather. Perverted is using the whole chicken
Yep. Need some toilet paper for that mouth there, Ocean1. Talking a fair old amount of shit. And to wank on about a water tax, that'd more than likely not even effect you. vs raising GST which effects every one, on everything? Fuck off.
Where's Mashman?
He's an excellent Marxist and would value is take on all this stuff.
"
On November 8, 2008, John Key's new National-led government inherited an economy with low unemployment, budget surpluses and low debt.
The government inherited debt of $10.2bn, but borrowed heavily in subsequent years. Debt is now $61.8bn - six times what it was.
When National took office in 2008, annual net migration was sitting at just 4,700. in 2017, it hit record levels of at 72,500, with no signs of abating. "
http://www.nationaldebtclocks.org/debtclock/newzealand
That isnt a small debt.
All spin.
The facts remain: Labour blew the tax from the highest revenue years in NZ history. Spent the lot. And there certainly was a GFC, I'm sure you remember, it was fairly widely reported, and with zero savings and with cutting non essential (dole) spending likely to result in unattractive whining then borrowing money was pretty much a necessity. Borrowing well less than most OECD countries was seen in hindsight by actual economists as a pretty good performance.
All clear?
Go soothingly on the grease mud, as there lurks the skid demon
Spin lol. thses are cold hard facts.
So where is your facts. BTW the GFC first occured when Labour was in Goverment.On November 8, 2008, John Key's new National-led government inherited an economy with low unemployment, budget surpluses and low debt.
The government inherited debt of $10.2bn, but borrowed heavily in subsequent years. Debt is now $61.8bn - six times what it was.
When National took office in 2008, annual net migration was sitting at just 4,700. in 2017, it hit record levels of at 72,500, with no signs of abating.![]()
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Kinky is using a feather. Perverted is using the whole chicken
Nah really.... it is very small debt indeed.
We are in a world economy and got through the GFC relatively unscathed. Many developed countries are completely screwed, beyond recovery.
The country needed migration, as it was disappearing up its own arsehole, with no one to pay taxes to support the older generation.
Immigration was very tightly controlled, except for a huge back door, that was gaping wide open. Quite dumb really. Lots of valuable people were rejected, with far less desirables, looking to milk, rather than produce, were let in by the boat load. An absolute shambles. Heads should have rolled.
Does anyone on here believe that the new government understands the primary issues more than the last one?
I don't consider Winston and Jacinda to have any idea at all. Just lots of ignorant generalisations. They don't know what they don't know and there is no chance of qualified advisers available to help them out.
I guess that if you say anything with enough passion and perceived conviction, it must be true.
It's called politics![]()
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