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

 


Under 40s need ACT for long term thinking

Under 40s need ACT for long term thinking


Bill English’s comments this morning that National Super can be afforded “for the time being” show why centre right voters under 40 must vote ACT, says the party’s leader Jamie Whyte.

"At National's northern conference this morning, Bill English justified inaction on the superannuation age by saying that we can afford it 'for the time being'. He was reported as saying that the budget will be in surplus for 2015.

“There is a double irony: Announcing a future age raise would not affect this or next year’s budgets, so this year’s surplus is not relevant. It would, however, affect budgets in coming decades, which the Treasury forecasts will be heavily back in deficit due to population ageing.

"The Treasury has forecast that if we do not make changes, government debt will reach around 200 per cent of GDP by the time current students are retiring. That may be many years away, but it is irresponsible to ignore it for that reason. The sooner we start planning ahead, the less painful the inevitable adjustment will be.

"Australia's Treasurer has promised to raise their age to 70 by 2035. New Zealand needs to start thinking that far ahead ahead too.

"It's not Key and English's generation who will face the consequences of our short-sighted spending policies. Instead, it's today's under forties who will find themselves having to pick up the tab. Under forties who want centre right government should vote ACT for long term thinking."

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

CPAG: Government Spends Over $100K Pursuing Beneficiary

For the past fifteen years, Kathryn, now in her fifties and living alone with chronic ill health on a benefit, has been challenging the decision by the MSD that she has to pay back $117,000. She has no assets or savings and cannot afford to pay for fresh food or therapy that would improve her health. More>>

ALSO:

Labour: National’s Cuts Shave $100K Off KiwiSaver By Retirement

New analysis shows National’s constant cuts to KiwiSaver will reduce the average worker’s retirement savings by $100,000 over their working life, Leader of the Opposition Andrew Little says... Since coming to office it has made five separate cuts to the scheme." More>>

ALSO:

Auckland: Transport Operators Switch From SuperGold To AT HOP Cards

Seniors using Auckland’s public transport will need to use their AT HOP cards from today but Auckland Transport has requested its operators to show understanding for those customers yet to complete the switch from SuperGold cards. More>>

ALSO:

Crime Stats: Burglary Up 11.9%

“While burglary rates are still below that of recent years, there has been an increase of more than 10 per cent over the past 12 months, which is of concern to Police and something we are determined to tackle,” says Police Commissioner Mike Bush. More>>

ALSO:

Help: Lifeline Aotearoa Fighting For Survival

Lifeline Aotearoa has announced it only has enough money to run for one more year. By 30 June 2017, all available sustainability reserves and funds from a new mortgage on its Auckland property will be exhausted. More>>

ALSO:

Overseas Investment: Auditor-General To Examine OIO

The Auditor-General is to examine how the Overseas Investment Office collects and manages information following a request from the parliament's finance and expenditure committee. More>>

ALSO:

Gordon Campbell: On Bill English Living In Denial

The working poor have been a direct byproduct of the economic policies in vogue for the past 30 years or more, all over the Western world... That anger was evident in the Brexit vote, and it underlies the support for Donald Trump in the United States. More>>

ALSO:

Final Reading Of Parental Leave Bill: Families With New Babies Victims Of Veto

“For the first time ever, a Bill will have a third reading debate and no vote will be taken at the end because the National Government has used its veto – an extreme measure against families,” says the Bill’s sponsor, Labour MP Sue Moroney. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news