More borrowing ‘risk’

I'm delighted that the National government is focussing on tackling one of the greatest threats to our country in a generation: the unsustainable cycle of debt fueled spending.
The government was right to borrow $300m a week to keep services running during the recession but continuing this level of borrowing is unaffordable in the medium to long term.
John Key is correct to focus on increasing economic performance through reorganising the tax system and moving to reduce the amount of new government spending. Labour don't seem to have learned anything from the global financial crisis, and admit they would borrow more to fund their proposed tax package.
Likewise, labour's allies - New Zealand First (in between scaremongering and sideshows) state in their policy that they want to cut taxes and increase spending on superannuation and the gold card. Goff, Peters, explain why it's a good idea to sell New Zealand out by borrowing more?
Steve Morris, Papamoa Beach.

0 comments

Leave a Comment


You must be logged in to make a comment.