Friday, May 20, 2011

Borrow and hope

I can’t do it.

At a time when the NZ govt has never been more in debt, I can’t bring myself to write about a Finance Minister delivering a Budget based on nothing but borrow and hope—on the hope that something will come along to pull the economy out of its depression (“The economy will improve!” – “How?” – “Somehow!”), and on a plan to continue spending billions more than they’ve got for as long as they can old office.

I can’t even get angry at the incredible irresponsibility of it. Just depressed that you lot keep voting for the scum who keep digging this hole deeper every year.

So feel free to talk about it amongst yourselves in the comments.

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9 Comments:

Blogger Berend de Boer said...

"God, grant me the serenity to accept the things I cannot change, Courage to change the things I can, And wisdom to know the difference."

5/20/2011 09:50:00 am  
Blogger theVOID said...

Hey, the budget is better than I expected... Pretty irresponsible to put so much weight on forecasts from the same people who routinely demonstrate their incompetence, but it's a baby step in the right direction.

5/20/2011 09:58:00 am  
Anonymous Pix said...

Those projections coming from Treasury are nothing short of outright lies. Those numpties cost the taxpayers upward of $4 billion per year. I have had it. It will be a vote for ACT and the Libertarians for me in November. If they don't get enough votes to govern then me and my money are hitting the road..I will not put up with the waste and borrow and bullshit any longer.

5/20/2011 10:46:00 am  
Anonymous Mort said...

perhaps he's hoping to fund it all by selling the CHCH CBD that Brownlee is planning to steal off the current owners.

1.9% inflation...
4.5% wage growth...
4% GDP growth...
170k new jobs...

as if

5/20/2011 11:11:00 am  
Blogger Sally O'Brien said...

Cheer up,
Newstalk ZB just finished quoting Adam Smith and now they're attacking Ben Bernanke and the Fed for printing money.
RT @peteremcc

5/20/2011 11:30:00 am  
Anonymous B Whitehead said...

You can't fly with the eagles, when the majority keep voting for turkeys.

5/20/2011 01:00:00 pm  
Anonymous Anonymous said...

Your approach seems to be the only sane/ rational one to take.
I'm pretty sure I heard, in amongst the extra spending on train sets, maori language and Uncle Tom Cobbley's piles, that they were going to use taxpayers money for "Social Capital". I'm sure I'm not still in the 1970's.
Peter

5/20/2011 02:57:00 pm  
Blogger Michael M said...

A pity the Dipton, Double Dipping, Dipstick didn't remember his Dickens.
To quote Mr. Micawber "income One Pound, expenditure Nineteen Shillings, blissful happiness; expenditure, One Pound and Sixpence,
misery.

Borrow and Hope.
What is the interest on $ 4 billion,
compounding until 2014.

5/20/2011 03:23:00 pm  
Blogger Shane Pleasance said...

As possessive nouns, the name of this blogpost might describe the stage names of our comedy duo leaders.

5/21/2011 02:46:00 pm  

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