Herald Editors find their balls

[Imported from Whale Oil Beef Hooked on Blogger]

The Herald editorial this morning shows that the MSM may have woken up to Labours BS express train.

I am gob-smacked by their brutality.

Cynicism and desperation abound in equal measure in the Labour Party’s $300 million-a-year pledge to abolish interest on student loans. This is political bribery at its most base. It bodes ill for what is to come during this election campaign.

Only two months ago, New Zealanders were told that, despite a higher-than-expected surplus of $7.4 billion, economic circumstance did not permit the lavishness of across-the-board tax cuts and the like. “The message of Budget 2005,” said Michael Cullen, “is that such large one-off packages [as Working for Families] will be rare over the foreseeable future unless accompanied by expenditure cuts or efficiency gains elsewhere within the state sector.”

Bribes are, of course, part of the landscape of every election campaign. Few, however, are so obviously calculated to buy votes, or delivered so early in the piece. Democracy will be poorly served if this is a harbinger of policies to come.

One wonders if Labour has broken the Fiscal Responsibility Act and cooked the books, just like they did in 1990.


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