Baroness Thatcher dies overnight

[BoristheBiter]

How many jobs there are matters in regards to having an affect on how much effort a person will put in to finding a job in many cases.

I think we are on different tracks here. you don't need a job to better yourself or budget what you have.

[mashman]

I think we are on different tracks here. you don't need a job to better yourself or budget what you have.

You do if the resources you require cost money that you don't have. Such as bus fare to get to the library along with childcare to look after your family whilst you go to the library, or if you've cut back so far that you have no net access etc... even worse if you're trying to hold a job down or if you have kids etc... We are on different tracks in ways, but they both lead to the same place.

[Hinny]

.... it was my choice to party every night, get shitfaced pass out and do it all the next day.

Oh! that explains it then.

[Hinny]

Real luck would mean not having had them completely empty the till before they got slung out.

You are ignorant of recent history.
Without the stewardship of Michael Cullen there would not have been a rainy day fund available for Bill English to squander.
As he said, to Don Brash and his boy who were advocating tax cuts, "the good times are not going to continue".
They then had to weather the global financial crisis which NZ and Australia were able to weather better than most.
This govt came in and gave away the rainy day fund, sold the country on the lie that the financial crisis was still with us on one hand and then stood up in Parliament and argued that their tax cut plan was working and the tax take was up. Classic case of trying to have your cake and eat it too. .
They have had a booming economy to help their tax take with record commodity prices resulting in the best balance of payments in 37 years. These facts are completely ignored by Nat supporters who continue to try and say we are in tough financial times because of the rest of the world. Get real. The tough times are because we have inexperienced, ideologically misguided, plonkers running the show.
THEIR POLICIES DON'T WORK AND HAVE NEVER WORKED ANYWHERE ELSE ON EARTH.
Why they continue to try and implement them and expect a different outcome is beyond me.
Or do they expect a different outcome?
Running the country into the ground, spreading the income gap to create a class system may be exactly the outcome they want. Certainly is a feasible explanation for their actions.
I haven't heard any other credible one.

Suspended their contributions to the super fund... At least they didn't go as far as Muldoon and steal it.

[Hinny]

Lefto hippies like you can get bent...

It has been argued that the Hippy era made the greatest contribution to world societies of any in history.
As for getting bent that was argued by Alexei Sale as being the preserve of Tories - "wacking each others dicks in a drawer".
I think I'll pass on that.

[Ocean1]

You are ignorant of recent history.

Your wee tantrums aren’t what rational observers might take for a balanced view on history, dude.

Let’s see if I can distil the facts down to something a little less convoluted, eh?

Labour presided over the largest economic boom in NZ history, from 1999 to 2008. Their economic oversight didn’t create it, but it did obliterate every trace of the surplus that should have been there for the bad times.

[Hinny]

Your wee tantrums aren’t what rational observers might take for a balanced view on history, dude.

Let’s see if I can distil the facts down to something a little less convoluted, eh?

Labour presided over the largest economic boom in NZ history, from 1999 to 2008. Their economic oversight didn’t create it, but it did obliterate every trace of the surplus that should have been there for the bad times.

Labour has historically presided over booms and National have historically presided over busts.
That is history dude not histrionics.
Using figures provided by the Dept. of Statistics would show you where you were wrong.

Bill English years down the track conceded that Michael Cullen had done a good job.
Where you get the idea that Labour had emptied the coffers is anybody's guess but it is not reality.

A bit like the argument that Margaret Thatcher had turned Britains fortunes around.
The statistics don't give credence to that view either.

[Swoop]

Where you get the idea that Labour had emptied the coffers is anybody's guess but it is not reality.

Cullen blew the surplus on the broken train set. What remained he used in treaty settlements to which he managed to feather his own nest with consultancy work.
He spent up large at a time when preparing for the GFC would have been paramount and prudent. The incoming government inherited the poison chalice. Do we all remember the "opening of the books"?

[Brian d marge]

Cullen blew the surplus on the broken train set. What remained he used in treaty settlements to which he managed to feather his own nest with consultancy work.
He spent up large at a time when preparing for the GFC would have been paramount and prudent. The incoming government inherited the poison chalice. Do we all remember the "opening of the books"?

can ya point me towards the info on this one , I should really get familiar with the spending in the 1990 2000 period


Stephen

[Ocean1]

Labour has historically presided over booms and National have historically presided over busts.

No government can claim to have made the money they spend, taxpayers do that.

If you have another look at your labour-led gdp you'll see there's some serious hysteresis going on there, the good times roll before labour gain office and dive again before they leave office. Only a very buoyant economy can afford them.

There’s only one thing saving Cullen from appearing in history books as an abject failure, he did indeed blow the largest series of surpluses this country has ever seen but at least he paid down public debt. If he’d refrained from trying to re-make history by massively overpaying the Aussies for Kiwirail and one or two other idiocies and invested in some of our better performing industries our debt levels might not now be back where they were before he started.

[oldrider]

Every time there is a change of government the purchasing power of our retirement income total plummets!

I just hope we don't outlive our money and become another burden on society!

[Edbear]

Every time there is a change of government the purchasing power of our retirement income total plummets!

I just hope we don't outlive our money and become another burden on society!

You are old enough to have already outlived most things...

[Hinny]

No government can claim to have made the money they spend, taxpayers do that.

If you have another look at your labour-led gdp you'll see there's some serious hysteresis going on there, the good times roll before labour gain office and dive again before they leave office. Only a very buoyant economy can afford them.

There’s only one thing saving Cullen from appearing in history books as an abject failure, he did indeed blow the largest series of surpluses this country has ever seen but at least he paid down public debt. If he’d refrained from trying to re-make history by massively overpaying the Aussies for Kiwirail and one or two other idiocies and invested in some of our better performing industries our debt levels might not now be back where they were before he started.

You got some stats to support this assertion?

[Hinny]

Cullen blew the surplus on the broken train set. What remained he used in treaty settlements to which he managed to feather his own nest with consultancy work.
He spent up large at a time when preparing for the GFC would have been paramount and prudent. The incoming government inherited the poison chalice. Do we all remember the "opening of the books"?

The train set would probably not have been broken if it had not been given to private enterprise to run.

The actions which he took are what resulted in NZ weathering the GFC better than all other economies.
The incoming government inherited a big rainy day fund - months into office Bill English declared the rainy day had come - the rainy day was the forgoing of revenue policy which bought them the votes of the sheeple.
They were told by Cullen and Peters that the country could not afford tax cuts but it fell on deaf ears.
John Key making the historic gaffe on the televised debates getting his figures all wrong was memorable... for me. Went past most people.

[Hinny]

Anybody know what Thatcher spent the proceeds of assets sales on?