Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Hide - Vaulting Matilda March 4


ISSUE 15, March 4 2011
REPRIORITISE, REBUILD

These are grim times for Canterbury, and indeed for New Zealand. Our second largest city is devastated and the people of Christchurch are enduring the hardest of times.

We are now forced to make hard choices, to focus intensely on only the highest priorities – we need to face reality.

Our starting point is not good. Our government has been borrowing a massive $300 million per week simply to keep afloat. That’s almost $200 per week for each and every Kiwi household.

And now we have Christchurch to rebuild.

However it’s not just government that overspends – as a nation we have built up overseas debt of $162 billion, 85% of GDP.

We have seen the economic and social turmoil in the most highly indebted European countries. The future has arrived for them. Those in deep trouble were the countries with the highest current account deficits, the highest levels of overseas debt and the highest levels of government debt. If you need to know what the future holds on our present track, just look at the so-called PIIGS: Portugal, Ireland, Italy, Greece and Spain.

The reason we have so much wasteful, pointless and counterproductive government spending is that politicians have every incentive to spend more, and promise too much. As voters we encourage them.

The middle class want free childcare. Students want interest-free loans. Pensioners want pensions and gold cards. On and on it goes. Every interest group wants their own government department or agency. Helen Clark’s Labour government perfected the art of spending money on key interest groups to hold on to power at all cost.

We couldn’t afford that before the earthquakes and we absolutely cannot now. Government capital spending is going to increase as we rebuild Christchurch.

We must ensure now that the general good prevails over narrower self-interest. Government must live within a budget as tight as the budgets that ordinary households face.

Rodney Hide

Leader, ACT Party

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell:
On Pharmac, Gough Whitlam And Sleater-Kinney

Ridiculous reported comments on RNZ this morning by Trade Minister Tim Groser, as he sought to dampen down concerns about the leaked draft of the IP chapter of ther Trans Pacific Partnership negotiations. According to Groser, ‘extreme’ positions are common at the outset of negotiations, and these get whittled down over the course of negotiations. Fine.

Except that we’re not at the outset of these negotiations. The outset was six years ago, and negotiators were hoping to have some sort of ‘framework’ deal finished in time for the APEC meeting in a few weeks’ time. These ‘extreme’ positions are what we’ve reached near the intended end of the negotiations.

Still, Groser did promise that the cost of medicines would not rise as a result of the TPP trade deal. Great. But this is not what politicians in other countries are saying. More>>

.

 
 

Parliament Today:

Aussie Investigation Dropped: Call On Minister McCully To Pursue The Case Of Balibo Five

West Papua Action is deeply concerned at the lack of any clear outcome from the Australian Federal Police inquiry into the 1975 deaths of the ‘Balibo Five’ including NZ journalist Gary Cunningham. More>>

ALSO:

'Feed The Kids' Bill: Metiria Turei To Lead Fight On Feeding Hungry Children

Green Party Co-leader Metiria Turei is urging all political parties to support the Feed the Kids Bill which she inherited today from Mana leader Hone Harawira. More>>

Parliament Today: State Opening Of Parliament

The House sat at 10.30am on Tuesday before MPs were summoned to hear the Speech from the Throne in the Legislative Council Chamber. More>>

ALSO:

Tertiary Education: Students Doing It Tough As Fees Rise Again

The Government is making it increasingly difficult for Kiwis to gain tertiary education as fees continue to rise and access to student support becomes even more restricted, Labour’s Tertiary Education spokesperson Chris Hipkins says. More>>

ALSO:

Housing, Iraq: PM Press Conference – 20 October 2014

Prime Minister John Key met with press today to discuss:
• Housing prices and redevelopment in Auckland
• Discussions with Tony Abbott on the governmental response to ISIS, and New Zealand’s election to the UN Security Council More>>

ALSO:

Labour: Review Team Named, Leadership Campaign Starts

Labour’s New Zealand Council has appointed Bryan Gould as Convenor of its post-General Election Review. He will be joined on the Review Team by Hon Margaret Wilson, Stacey Morrison and Brian Corban.

ALSO:

Roy Morgan Poll: National Slips, Labour Hits Lows

The first New Zealand Roy Morgan Poll since the NZ Election shows National 43.5% (down 3.54% since the September 20 Election). This isn’t unusual, National support has dropped after each of John Key’s Election victories... However, support for the main opposition Labour Party has crashed to 22.5% (down 2.63% and the lowest support for Labour since the 1914 NZ Election as United Labour). More>>

ALSO:

In On First Round: New Zealand Wins Security Council Seat

Prime Minister John Key has welcomed New Zealand securing a place on the United Nations Security Council for the 2015-16 term. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news