Good point. I do have figures around where the $26m has bee spent - I'll try to dig them out.
Someone, somewhere, decided the consequences of not bailing out AMI and SCF exceeded the cost of doing so. The figures involved are huge, and as so often happens in the Western world of finance, those responsible for the financial failure probably got a pat on the back and a bonus for getting government help. I disagree with this approach - the bailout may have been necessary (I've never looked into it) but those responsible for the initial failure should be punished in whatever way is appropriate. Compare with the Icelandic approach to banking failures, which I feel is laudable and more correct.
Simple. Yes - it's a one-off. Done. The government has been effectively taking money away from the DHBs, year after year, so a one-off boost to funds would be very welcome. Perhaps tie in a clause saying the money must be used to repair or improve an existing facility or situation (or plural, of either), or replace something that cannot be repaired or continue to be used despite it's necessity. It should not be used to implement something new - that would lead to an increase in ongoing maintenance costs and present a burden to the receiving authority rather than a boon.
Regardless, the money would be much better spent helping communities in this way, than on a flag referendum which, if successful by change merits, would actually impose further (albeit small) costs on those areas already short-funded.
See also Moi's link to the disparagement of the flag design, the process used to select that design, and the way the fern has been introduced into the Kiwi psyche. Way too much stink of fait accompli.
The more I hear "it's only $26m" the less inclined I am to give any credence to the process used, or the actual need for change (especially to the Aoteatowel).
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