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  • Take note ms Willis and Mr Luxon

    From Crash@3:633/10 to All on Monday, December 22, 2025 09:07:28
    Buried deep in this pay walled article by Matthew Hooton:

    https://tinyurl.com/bdh8664s

    is this:

    "Over his six Budgets, Robertson let gross debt grow by an average of
    $15 billion a year. According to Treasury?s forecasts this week,
    Willis? first six Budgets will see it rise by an average of $19b a
    year. Willis will have borrowed $115b off the next generation in the
    same time Robertson ran up ?only? $88b."

    Robertson, under the guise of an unbudgeted pandemic (as they all are)
    was the Finance Minister who oversaw government spending that exceeded
    income by a wide margin. Willis is widening that gap with no
    unexpected event to justify it.

    National will have to build a solid case that what they are doing is
    fiscally responsible, because of the surface it is quite the opposite
    and Labour may well have what it takes to exploit this. Some of that
    spending is on Rail ferries and associated ports, some on 'roads of
    national significance' where the use of funding from debt is
    justified.

    I have little confidence that National even sees the problem until it
    is too late - when someone else has a go at them with the updated Robertson-versus-Willis numbers on the election campaign.


    --
    Crash McBash

    --- PyGate Linux v1.5.2
    * Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)
  • From Gordon@3:633/10 to All on Monday, December 22, 2025 00:25:24
    On 2025-12-21, Crash <nogood@dontbother.invalid> wrote:
    Buried deep in this pay walled article by Matthew Hooton:

    https://tinyurl.com/bdh8664s

    is this:

    "Over his six Budgets, Robertson let gross debt grow by an average of
    $15 billion a year. According to Treasury?s forecasts this week,
    Willis? first six Budgets will see it rise by an average of $19b a
    year. Willis will have borrowed $115b off the next generation in the
    same time Robertson ran up ?only? $88b."

    I have read articles along similar lines. There certainly is a very large
    red flag, and the question Why is NZ getting deeper in debt under this Government. Sure as heck it will give Labour, if it gets in, the excuse is there to increase the debit some more as National did it.






    Robertson, under the guise of an unbudgeted pandemic (as they all are)
    was the Finance Minister who oversaw government spending that exceeded
    income by a wide margin. Willis is widening that gap with no
    unexpected event to justify it.

    National will have to build a solid case that what they are doing is
    fiscally responsible, because of the surface it is quite the opposite
    and Labour may well have what it takes to exploit this. Some of that spending is on Rail ferries and associated ports, some on 'roads of
    national significance' where the use of funding from debt is
    justified.

    I have little confidence that National even sees the problem until it
    is too late - when someone else has a go at them with the updated Robertson-versus-Willis numbers on the election campaign.



    --- PyGate Linux v1.5.2
    * Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)