Graeme Martin's letter ‘Ensure welfare doesn't sink us' (The Weekend Sun, March 7) has left out some very important information in his support for the National Government.
The Global Financial Crisis was not a hospital pass for National because the previous Labour Government left no net debt, as Graeme Martin acknowledges.
Labour ran budget surpluses for nine years and saved $18 billion into the New Zealand Superannuation Fund. That was excellent economic management.
The present National Government has had budget deficits for five years and borrowed more than $50 billion.
It has also sold $6 billion of well-performing assets for $4 billion. It has paid nothing into the New Zealand Superannuation Fund. That is poor economic management.
It has given tax cuts to the wealthy to be spent overseas, with no benefit to jobs in New Zealand.
It has increased taxes on low-paid workers, which have produced an increase in child poverty and ever more need for foodbanks.
The present Government hasn't done a remarkable job at all.
It has had the opportunity to borrow large sums of money and it has done so with abandon, and no intention of paying any of it back.
Peter Dey, Welcome Bay.


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