John Key: liar, liar, pants on nuclear fire!!!
In early 2010…
After two tax cuts in 2009 and 2010, National is now having to raise taxes in other areas to make up for the billions it has lost in revenue.
English admitted as such in this Fairfax Media story,
This morning Gerry Brownlee announced plans to increase excise tax on petrol by 3 cents a litre, in each of the next three years. This would raise Government income by up to $300m a year.
While English said the increase would have an impact on the Government’s accounts, he denied it was done to ensure the forecasts showed a surplus.
“Without the changes, we would have fallen short of the surplus track.”
Today’s announcement also saw forecasts that by 2015-16 the New Zealand Debt Management Office would borrow $6.5b more than it forecast six months ago.
“That is a concern,’’ English told reporters.
Yeah, I’ll bet “that’s a concern“.
This is in stark contrast to warnings we were given in mid-2008,
Well, we got our tax cuts. (Mostly for the top 1%, as usual.) And National borrowed hand-over-fist to make up the revenue shortfall.
It was not enough.
Which is why National is partially selling off our state power companies, Solid Energy, and Air New Zealand.
But it’s still not enough.
All to re-coup the lolly-scramble they initiated in 2009 and 2010.
This, however, does not surprise me. Since the Muldoon Era, I have realised that National’s so-called reputation for being “prudent fiscal managers” is a myth. Most likely perpetrated and perpetuated by National’s taxpayer funded spin doctors.
National is no more “fiscally prudent” than a shopaholic who justifies his/her spend-up by explaining that ” I saved heaps – it was all on “Sale” – And I put it on the Card !!”
When Key and his cronies promised us tax cuts in 2008, it was well into the Global Financial Crisis (see: Blog Timeline – specifically Year 2008). The Nats knew full well that tax cuts were unaffordable.
Michael Cullen tried to warn the country.
But 1,053,398 voters in 2008 took the bribe and thought nothing about who or how we would pay for National’s promises.
Well the answer is blindingly obvious; we are paying for it.
And now we’ll be paying for it every time we fill up at the petrol stations.
How happy are National voters now, I wonder?
Silly buggers – shafted by the Party they voted for!
= fs =