July 2005

Zen Tiger says it best

[Imported from Whale Oil Beef Hooked on Blogger]

I was reading DPF’s blog on transparency when I came across this post by Zen Tiger. It is superb, so superb that I have decided to post it here for all to read. Whilst not an ACT supporter myself, I have refused to edit it. Thank you Zen for putting it such an easy to understand way. Unfortunately the left are so enamoured with their own voice and utterly bereft of any conscience or ideas that they will fail to see the logic.

I believe students need to take responsibility for the money they borrow, which is given by all working people through taxation.

I also believe there is good cause to fund students and educational institutions to keep the costs down, especially if the students benefit our economy down the line.

However, providing interest free loans on the last 30% of the fees plus whatever else the student can borrow (and they do – I’ve seen reports of debts up to $60,000) is the wrong way to go.

It’s also unfair to all of the students that have worked hard to pay their loans off early, and foregone other luxuries. There is no reward for those people, in fact the assumption appears to be if you manage to work your way through university, you are a rich bastard. If you owe thousands you are a poor under-privileged person requiring even more help. That stereotype is unfair.

It is also unfair to imply that non-students are not a benefit to the economy. All efforts of the thousands of non-degree qualified people that have provided excellent working input into this country simply see them shoulder a bigger taxation burden to put some-one else through university. That is not necessarily begrudged by people, but they have to pay interest on their personal investments but students don’t. That is very elitist.

There are many other ways to fairly help students FURTHER than the present system. The interest free loan scheme has more loopholes and negative side effects to be happy with the one positive of helping students reduce long term debt. And even that positive is tempered with the likelihood that students will seek to minimise repayments of the loan in favour of purchasing a nicer car with their new high paid job.

Logix – you made the point that so what if it costs a billion dollars instead of Labour’s estimated 300 million.

That is the same logic that says “so what if Te Wananga spent 7 million taxpayer dollars on a Cuban Literacy program? So what if TVNZ spent $52,000 on a party? So what if we funded 20 million dollars on a Polynesian Radio station reaching under 1% of NZ? So what if it cost 9 million dollars for a Maori sing along programme?

The point is tax payers are entitled to get value for money. NINE MILLION DOLLARS is a lot of money to teach people to sing, compared to those that can’t get more than a taxi drive by when their life is on the line. Maybe there is a way to reach those people for 4 million dollars?

I notice whenever people point out the cost, the reaction is extreme: Oh, so you want to pay NO TAX? Oh, so you want only RICH STUDENTS to study? Oh, so you want to let people die on waiting lists when we cut health spending?

NO NO NO. Labour added 3.5 billion to Health, and the waiting lists are longer.

In this discussion, it is very relevant to question the benefit to the tax payers as a whole to use THIS SCHEME to help students.

It might be a good idea at 200 million. It becomes suspect at 600 million. It is scandalous at 1 billion. It becomes criminal at 1.5 billion.

Taxpayers have to budget and make choices over expenditure for their families. So too should government. That is what Cullen tried to set the budget on, and by his own rules, he shows his hypocrisy.

The ACT party have promoted significant Tax Cuts as a method to stimulate growth, increase spending and therefore improve tax take via the money circulation. It was costed by the RBNZ, and found to generate growth by an extra 1%. That was big enough to make it affordable without any cuts to present services. Any working student would have found MORE money in their pockets to offset debt. This Government doesn’t want to enter the costing game, because they know this will not help with economic growth. Ultimately, I am not even sure it will help students in the collective sense.

Posted by ZenTiger at July 30, 2005 02:03 PM

Show us the figures! Show us the figures!

[Imported from Whale Oil Beef Hooked on Blogger]

The erudite David Farrar has refused to buckle in the face of lefist lies and spin.

Mallard has attacked Westpac’s analysis as “extremist and scaremongering”.

Well, Mr Mallard as least they bothered to do some actual sums, not pull figures out of their ass.

As I have said before Labour has more spinners than an Indian cricket team and definately more cheek than a fat mans bum.

Show us the figures!!!! or F R O

Mrs Peter Davis number 24 on Powerful women list

[Imported from Whale Oil Beef Hooked on Blogger]

Prime Minister Mrs Peter Davis has risen to number 24 on a list of the world’s most powerful women, above Hillary Clinton, Laura Bush and the Queen, but behind imprisoned Myanmar politician Aung San Suu Kyi.

And who compiled this list….none other than Forbes magazine….Who is the pocket of the Americans now???

Mallard finds evidence

[Imported from Whale Oil Beef Hooked on Blogger]

Mallard has today found evidence of Nationals financing and at the same time has also discovered the costing estimates for the Student Loans BRIBE.

Even Westpac says the policy sucks

[Imported from Whale Oil Beef Hooked on Blogger]

In an highly unusual move today Westpac Chief economist Brendon O’Donovan has slayed the Labour Party Student Loans Bribe.

They have calculated that this BRIBE would cost not $100 million – $300 million as Labour has fibbed. In actual fact it will cost over $1,100 Million or ONE POINT ONE BILLION DOLLARS each and every year.

Labour has simply developed this policy on the hoof and it is so bad that a major bank has seen fit to enter the fray. This is almost unprecedented.

Herald poll shows Labour ahead 6% but wait theres more

[Imported from Whale Oil Beef Hooked on Blogger]

The Herald poll this morning shows Labour ahead by 6%, largely as a result of it’s scurrilous spin attack. Certainly it cannot be based on anything of substance.

Pertinent results are;

Labour 43.9
National 37.5
NZ First 7.1

Now to the but wait, theres more section.

The Herald also ran a poll
that found 53.1 per cent of people believed the cost of visiting a GP had increased and only 12 per cent believed it had decreased. A quarter of the people polled found no change.

Further, Forty-nine per cent said elective surgery had become harder to get and 27 per cent said access remained the same.

Watch for a vicious spin attack on Health closer to the next poll.

Labour's Wellington Central candidate out campaigning

[Imported from Whale Oil Beef Hooked on Blogger]

The trend is your friend or not as the case may be

[Imported from Whale Oil Beef Hooked on Blogger]

Tv3 has a new poll out. Result are as follows;

Labour is down 1 to 39 from the poll in June. (49 seats)
National is up 3 to 39. (49 seats)
NZ First is down 4 to 7 (9 seats)
Greens are steady on 6 (7 seats)
ACT on 1.6% – no seats
United on 1.4% (2 seats)
Maori Party on 2.2% (4 seats)

This poll continues the trend for Labour of down and the trend for National of up. Lets see what tomorrow brings with a new Herald poll.

Looks like we have a new Teletubbie – DumDum

[Imported from Whale Oil Beef Hooked on Blogger]

In the face of clever blogging evidence and the overwhelming assault of the truth Mallard has had to admit that it has exaggerated the savings to students from its interest-free loans policy.

I think he means lied, fibbed, rorted and deceived, but hey!! lets accept “exaggerated”

I supposed he “exaggerated” his scurrilous accusations about National’s funding….still waiting for the evidence Trev.

I suppose Kyotos benefits were “exaggerated”.

I bet the Mrs Peter Davis will now say she “exaggerated” her actual input into the painting and her photos are only a slight “exaggeration” to the essential Mrs Peter Davis.

I also wonder if perhaps the Surplus that isn’t there was “exaggerated” as well.

It's a Scam for sure

[Imported from Whale Oil Beef Hooked on Blogger]

One wonders how blunders like Kyoto occur…the answer is now before us if you hadn’t already guessed.

People who have never run a business, employed people from their own pocket, and have only ever been to school or in a Union should never, ever, ever be given control of the government. Especially if you are a failed History professor.

David Farrar has shown the student loan policy of Labour to be what most of us suspected all along…..based on lies, supposition and deceit.

Labour must go they shown again why they cannpt be trusted with the economy.

Lets do some math;

Kyoto $1,000,000,000 – $3,000,000,000
Loans scam $1,000,000,000

Total cock-ups thus far $2,000,000,000 – $4,000,000,000.