Steve Joyce calls for government to stop spending money like drunken sailors

The new Coalition Government needs to rapidly put a ceiling on the debt levels it’s prepared to tolerate as it opens wide the taxpayers chequebook, National Party Finance Spokesperson Steven Joyce says.

“The admissions in Parliament today from Grant Robertson that he may allow debt to grow by more than $11 billion compared to the figures in the Government’s Pre-Election Fiscal Update will be concerning to all Kiwis,” Mr Joyce says.

“When I invited him to re-commit to his pre-election promise of limiting debt to no more than $67.6 billion, he refused.

“So what is Mr Robertson’s upper limit? Is it $70 billion or $75 billion? The major bank economists certainly believe it will be higher than he thinks.

“Remember net government debt was on track to reduce to $56 billion only two months ago.

“Mr Robertson’s admission follows hard on the heels of three bank reports that say the Government’s spending plans are unrealistic and ‘too tight to be credible’.

Gosh.  The Labour government are a) lying b) can’t count.  Nothing new there.

“The ANZ even says there will be no way the Government is able to meet its own Budget Responsibility Rule on debt.

“Mr Robertson needs to haul himself into line along with the rest of the Cabinet so that the increased debt predictions of the major trading banks don’t come to pass.

“New Zealanders have all worked hard to get the Government books back into surplus and start reducing the debt built up as a result of the Global Financial Crisis and the Canterbury earthquakes.

“The public will be surprised at how quickly Mr Robertson is backing away from his own numbers when he’s only been in the job three weeks.”

No.  We won’t.  Robbo may have wanted to be a responsible finance minister, but he doesn’t have the cooperation of the PM and other MPs who are like Oprah with infinitely deep pockets.

 


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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.

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