• Luxon the economic jockey: too little too late

    From Crash@3:633/10 to All on Tuesday, April 28, 2026 18:28:06
    https://www.rnz.co.nz/news/political/593560/christopher-luxon-defends-economic-record-in-face-of-downgrades-poor-polling?cid=newsletter

    From the point of view of the current Government versus the previous
    Labour Government, the reckless borrow and spend they inherited has
    improved. Make no mistake though - the current Government is spending
    more than it earns and using increased debt to fund the difference.

    The situation is getting better - that is not the issue - which is
    that the turnaround is so slow. Steps can be taken now to get
    spending (not including capital works) at the same level as current
    income. National in particular are not doing this. They are
    continuing to spend on day-to-day costs in the hope that increasing
    commercial profits will generate increased tax receipts and increased wage-and-salaries, through bracket-creep if nothing else, will
    generate tax income.

    The next election is this year Mr Luxon. You cannot wait until 2032
    or later to show you have completed a turnaround. You have to go into
    the 2026 election demonstrating that we are on the way to economic
    recovery and you simply cannot do that because we are not yet on that trajectory.

    Mr Luxon, your refusal to fix the problem risks a change of
    Government. Time to front up mate. Time to promise you will not
    resign as an MP after the 2026 election while you are still Leader.


    --
    Crash McBash

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