Wednesday, 7 December 2011

Quote of the Day: On the “Spending Cap”

John Banks’s Spending cap proposal is pseudo-conservative window
Limiting increases in government spending to population growth
and inflation, unless the Finance Minister goes to Parliament. Isn't
that what a finance minister does whenever they present a budget?

                         - Stephen Berry, posting in SOLO’s “Banksification of ACT” thread

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Blogger thor42 said...

True... I think Berry is correct there.

However, there is *still* value in this policy. What it does is to set a benchmark. A line in the sand.

If a pinko leftie government then wants to *remove* the benchmark (or exceed it), they can then be hammered by their opponents and by public opinion.

7 Dec 2011, 13:23:00  

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