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New Zealanders do understand, Mr Key

Hon Dr Michael Cullen
Finance Minister

20 August 2008 Media Statement

New Zealanders do understand, Mr Key

Finance Minister Michael Cullen rejected John Key’s claim today that New Zealanders do not understand the serious negative impact of borrowing for tax cuts.

On television this morning Mr Key was asked why he thought a majority of New Zealanders oppose National’s policy to increase Crown debt levels. In response, he said: “I don’t think they understand actually what's happening here.”

“John Key seriously underestimates the intelligence of New Zealanders,” Dr Cullen said.

“They understand that National’s proposal to get out the begging bowl overseas and borrow more money so they can deliver additional tax cuts is credit card economics.

“The bill for National’s election bribes would be passed on to our children to pay back, with hundreds of millions of dollars of extra interest bills for all of us in the meantime.

“If Mr Key is so concerned that New Zealanders do not understand his true intentions, perhaps he could facilitate their understanding by releasing the background papers he claims are sitting behind the one page policy announcements his Party has made in recent weeks.”


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