Debt is not the way to fix things

So Tauranga Mayor Stuart Crosby's first step in fixing things in the first 100 days of next year is to announce a possible 10 per cent increase in debt.
I don't know about anyone else, but as far as I am concerned increasing debt is not a way to fix something during any period of time, let alone 100 days.
Personally, I can't see the Mayor fixing anything in 100 days, as he has had more 9000 days to fix things - and things have got progressively worse during the 9000-odd days.
For example, debt of $70 million, increasing during a nine-year period to half a billion.
Further, if he did in some miraculous way fix things in 100 days, I would like to see a detailed report on what he has been doing during his former 9000 days in office.
I'd also ask would he consider refunding, to the council, the stipend he has been paid for those 9000 days. Isn't 10 per cent of a half a billion dollars $50 million?
So, in the next three years, the Mayor is already planning to increase our debt by such a massive amount - which at that rate will get to one $1 billion a lot faster than it got to half a billion. Were Tauranga voters asleep leading up to the local body elections this month?
Alastair Bourne, Bethlehem.

1 comment

Polly retoric and some

Posted on 26-10-2013 19:59 | By Crash test dummies

Here we going massaging the media with nice to hear words and platitudes from start to finish and yet the game just rolls on endlessly as if nothing has changed, so will a 100 days make any difference when already had 10,000 and look where that got us all $500 million odd debt.


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