Debt limits are an important check on the size of the state
23 JULY 2018
FOR IMMEDIATE RELEASE
Despite pressure from public sector unions and the political left, the Government should keep its prudent self-imposed debt limits, says the New Zealand Taxpayers’ Union.
Taxpayers’ Union spokesman Louis Houlbrooke says “While it’s tempting to significantly increase Government spending, a larger Government won’t reduce deprivation. Increasing social spending, without targeting it at the root causes of deprivation, simply drives welfare dependency and a cycle of poverty.”
“New Zealand can be more prosperous and provide opportunities for everyone, but that requires a smaller Government that rewards entrepreneurship and encourages hard work. Increasing the debt limit just gives the Government more opportunity to ramp up social programmes that hollow out communities by making them more reliant on the state.”