Wednesday, December 07, 2011

Quote of the Day: On the “Spending Cap”

John Banks’s Spending cap proposal is pseudo-conservative window
dressing.
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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1 Comments:

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.

12/07/2011 01:23:00 pm  

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