Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


Faulty economic system waits for another death

Faulty economic system waits for another death

“How many more fatalities will it take to consider the black spot on SH2 a ‘priority’”? asks David Espin, Western Divisional President of the Democrats.

No-one should die through lack of road funding, says Espin, but the Government’s practice of borrowing from overseas means a limited amount of ready money for infrastructure. While applauding the new unity of the Waikato mayors, he places the blame squarely on the Government’s faulty economic system of rising national debt.

“We have a perfectly good funding source right here in New Zealand,” Espin asserts. “The Reserve Bank, instead of being the handmaiden of foreign-owned commercial banks, can fund capital works and infrastructure directly, at little or no interest.”

He pointed out the advantages of this method, which would include a reduction of overseas borrowing. New road works and repairs would be paid for only once, rather than over and over through compounding interest charges to commercial banks.

Most importantly, immediate attention could be given to acknowledged needs, such as the SH1 black spot, instead of eking out road repairs through lack of funds.

“The Reserve Bank has the capacity to provide all the funding New Zealand needs,” claims Espin. “It only takes a decision by the Minister of Finance to restore full banking powers to our sovereign lending institution, a decision that would save both money and lives.”

Democrats for social credit will be campaigning hard to bring their Reserve Bank credit policy to the attention of the voting public.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>

ALSO:

Corrections Corrected: Supreme Court Rules On Release Dates

Corrections has always followed the lawful rulings of the Court in its calculation of sentence release dates. On four previous occasions, the Court of Appeal had upheld Corrections’ practices in calculating pre-sentence detention. More>>

ALSO:

Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>

ALSO:

General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>

ALSO:

Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>

ALSO:

Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news