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

Open Source // Open Society - Full Coverage

Gordon Campbell:
On The Reserve Bank And Auckland Housing

The ‘crisis – what crisis?’ response by the government to the Auckland housing price bubble is no longer acceptable.

So says Reserve Bank governor Grant Spencer – who used unusually frank language in his speech and subsequent interviews yesterday to call for a capital gains tax, and to generally chastise central and local government for their inaction on a threat to the country’s economic health and financial stability.

That threat has been real for some time. The housing price bubble has already created a currency bubble... Undaunted, the government keeps calling this situation a success story. More>>

 

PARLIAMENT TODAY:

Bangladesh: GCSB Dragging NZ Into Human Rights Abuses

The New Zealand government should stop providing intelligence assistance to Bangladeshi security agencies that are known to systematically engage in human rights abuses, said the Green Party today. More>>

ALSO:

Troops Heading To Iraq: Government Must Come Clean On Deployment

New Zealanders deserve more than to hear about their troops’ deployment overseas from Australian media, Opposition Leader Andrew Little says. “News from Australia that Kiwi troops are on their way to Iraq this week is another example of the culture of secrecy and unknown protections around the deployment.” More>>

ALSO:

Image: Strikers And Protestors Join Outside McDonald's

A group of protestors took to McDonald’s Manners St today as a part of the international fast food workers day of action to end zero hour contracts. More>>

ALSO:

Greens: Special Education Funds Not Spent

More than $32 million of funding for children with special needs has not been spent by the Government, despite families of children with special needs complaining for years that they’ve been denied the support they deserve. More>>

ALSO:

John Key: Pre-Budget Speech To Business NZ

So this Government will remain relentlessly focused on improving the competitiveness of our economy... We will continue to give businesses a platform to invest, grow and create jobs in the knowledge they will be backed by a clear and consistent government policy programme. More>>

ALSO:

Multimedia: Andrew Little’s Response To John Key’s Pre-Budget Address

Labour Party leader Andrew Little spoke today on John Key’s pre-budget address this afternoon in Wellington. Little said National has had seven years to achieve a surplus and Kiwis have “fufilled their end of the bargain.” More>>

Surplus Baggage: Key Backs Off ‘Artificial Target’

John Key’s attempt to redefine his cornerstone promise of two election campaigns as an artificial target suggests his other promises are works of fiction, says Labour’s Finance spokesperson Grant Robertson. More>>

ALSO:

Gordon Campbell: On UE Pass Rates And University Dropout Rates

Houston, there is clearly a problem with (a) the plunge in pass rates for University Entrance qualifications, which has been especially steep among Maori students and also a problem with (b) the failure rates for Maori students among those who reach university... Unfortunately the two problems seem related. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
More RSS  RSS
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news