Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

He’s Green, He’s Hairy, And He’s Coming For Your Kids

The New Zealand Taxpayers’ Union is warning politicians on the 2020 campaign trail to watch themselves – because the Debt Monster is looming over them.

The Debt Monster has arrived on New Zealand’s shores in the wake of the Government’s COVID-19 spend-up, and will stalk politicians of all stripes as they campaign across the country.

Taxpayers’ Union spokesman Louis Houlbrooke says, “He may look cuddly, but the Debt Monster not a friend. He loves it when politicians spend big with borrowed money – and he knows perfectly well that it’s New Zealand’s kids who will pay the price.”

“So far, Government debt is forecast to peak at $109,000 per household in 2024. As if that wasn’t scary enough, we now face two months of electioneering, in which political parties will bribe voters with new spending promises, driving up debt even higher.”

“We hope that the Debt Monster will serve as a reminder to politicians – and voters – that today’s promises are paid for by tomorrow’s taxpayers, with interest.”

The Debt Monster has already been spotted at New Zealand First’s campaign launch in Auckland yesterday, and at the Green Party’s policy launch in Wellington the weekend prior.

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.