The person who tricked it up is bullshitting you.
Government debt in New Zealand is over thirty percent of GDP and increasing—as we can see just by checking Dominique Strauss-Kahn’s website here:
26.164% of GDP in 2009, to
31.024 of GDP in 2010, to
32.653 of GDP in 2011, to
something even bigger in 2012 and beyond.
The simple fact is that this Government is borrowing over $300 million every week to cover the shortfall between its big taxes and its even bigger spending. That's a new $300 debt added to the account of every New Zealand family, every week—and that figure is not falling, it’s growing.
We are in a crisis, and “politics as usual” is not going to get us out of it.
So why would the faker who tricked up the graph want to bullshit you?
Because, like Bill English, and like John Key, they too want the government to keep faking reality and keep right on spending as if there were no tomorrow. Just as they did in Portugal, in Ireland, in Italy, in Greece, in Spain, in the UK, in the US … in pretty much every jurisdiction where the virus of welfarism has taken hold and convinced nearly everyone in them that the world owes them a living—and that they can vote themselves riches to make it happen.
But tomorrow is calling—and really very loudly. There is a worldwide sovereign debt crash coming, and when it does it won’t be pretty.
And just because the ratings agencies aren’t worried about it now, that doesn’t mean a thing. Those blind imbeciles were busy just a few short years ago giving A++ ratings to debt based on mortages given to unemployed homeless Americans—just before that particular world came crashing down.
Here’s Bryan Ferry & Chris Spedding.