Show me the money – part two

Steven Joyce has released additional figures to show the huge borrowing that Phil Goff is going to have to agree to in order to govern. Not just his own massive election promises but also that of the Greens:

“The Greens have a huge number of spending policies and none of them are costed. Some are eye-wateringly expensive. We’ve calculated that just nine of the Greens’ centrepiece policies would add about $25 billion to debt over the next four years, in addition to what Labour is already planning.

“Even if Labour agrees to just 25 per cent of these policies promoted by the Greens as part of a coalition deal, we would be looking at extra debt of more than $6 billion over four years, on top of the $15.6 billion that Labour is already promising to borrow. New Zealand simply can’t afford a big-spending Government like that at this time. That would take the total to around $22 billion of extra borrowing.

“Taken together, the Greens and Labour policies would cost tens of thousands of jobs and massively ramp up debt.”

Mr Joyce says the pricey Greens proposals include (costs over four years):
• Extending paid parental leave to 13 months = $4 billion
• Extending the ‘In-Work’ tax credit to beneficiaries = $1.7 billion
• Extending unemployment benefit to all students over summer = $1.6 billion
• Universal Student Allowance at the level of unemployment benefit = $4.2 billion
• Free ‘wellness checks and dental check’ = $3.6 billion
• Wiping one year’s student debt for each year worked in New Zealand = $3 billion
• Green jobs initiatives = $3.2 billion.

And these are just a few of the Greens policies.

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.