Bill English issues another press release today which is notable for saying nothing. Meanwhile, we fall further and further into debt in order to fund highly over paid and unnecessary government. Bill needs to wake up to the fact that having people working for government departments that do not add to productivity (practically all of them) is the same as having people on the dole. The productive sector is the only part of the NZ economy that can return us to prosperity but it cannot do that if it is shackled by a legion on non productive NZers. NewstalkZB reports-
New Zealand is more than $14 billion worse off than it was at the same time last year. The Crown account books show gross debt for the seven months ending January stood at $63 billion, or 33% of the country’s worth. The cost of servicing the debt was $1.7 billion, $400 million more than the same period a year earlier. These figures are before the devastating Christchurch earthquake and the next set of accounts is expected to show a much worse situation.
Soon that debt servicing will be around $2 billion, and not long after that it will be $3 billion, and then $4 billion. Given that there are probably less than 1 million productive workers in NZ, you don’t have to be a genius to work out that we are facing bankruptcy. NZers have to start picking fruit, producing goods in factories and otherwise making things. Taxes have to be reduced and government departments have to be cut and salaries in those that remain reduced substantially. The Department of Womens Affairs, The Human Rights Commission (for two examples) and all such stupid insane unaffordable socialist inanities have to go.
This has to be done not only to stave off coming bankruptcy but also to pay for the Christchurch earthquake. (and on that subject can we stop using GDP as a measure of an effective economy??? This is the biggest con out and only designed to trick people into thinking socialism works.) NZers pay a high price to keep an army of unproductive NZers in a style that is unaffordable, and the longer Key and English refuse to deal with this problem, the worse things are going to get.
At the every least they could cut the taxes on fuel. This is the life blood of our economy and to take more than half of every dollar spent on this commodity and use it unproductively is madness.
Of course the big problem is National’s political confusion and lack of commitment to a political idea. They might even know what needs to be done, but they cannot put a saleable argument into words because they lack the conviction. They don’t believe in the solutions because they are all at heart the socialists that Sid Holland way back in 1936 warned us would destroy the country. Bad global financial situations and earthquakes are not to blame. They’ve only made the descent a bit steeper. The National Party is to blame, for so completely failing to stand by its founding principles.