Monday, March 21, 2011

$800M: cut: Is that all???

Government will cut $800 million in new spending


You have to be joking. How much did we borrow last week? And the 100 weeks before that?

$800M from new spending is still increased spending.

An $8 billion cut in current spend is required to make a difference.
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4 comments:

  1. mawm21 March 2011 at 5:14 pm

    Yes, truely laughable.

    Someone needs to do a pie chart to show how miniscule it is in comparison to total government spending.

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  2. Anonymous21 March 2011 at 5:38 pm

    Only 8 Billion? But we're now borrowing upwards of $20 Billion per annum - and that will probably increase when the credit downgrades start.

    To get the budget into balance, and pay to rebuild Christchurch we need to be looking at $30-$40 Billion cuts per annum.


    That's all health, welfare, super & educating spending.
    The whole damn lot.

    The only serious question is: do we want to cut now under some kind of control - or have an alliance of the IMF & Wall Street rating agencies do it for us

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  3. mawm21 March 2011 at 8:57 pm

    Anon - that's $8 million.

    ReplyDelete
  4. Anonymous22 March 2011 at 1:39 pm

    This comment has been removed by a blog administrator.

    ReplyDelete