Home > The Body Politic > Letter to the editor – fiscal prudence or another election bribe?

Letter to the editor – fiscal prudence or another election bribe?

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Frank Macskasy - letters to the editor - Frankly Speaking

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from:     Frank Macskasy <fmacskasy@gmail.com>
to:          Dominion Post <letters@dompost.co.nz>
date:     Tue, Aug 26, 2014
subject: Letter to the editor

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The Editor

DOMINION POST

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So let me get this straight…

We have in this country, currently,

* a colossal debt estimated to rise to  $67.9 billion by  2018,

* a quarter of a million children living in poverty,

* Christchurch residents facing a critical housing shortage,

* and cuts to health and education

– and our esteemed Prime Minister is talking about tax cuts?!

Perhaps he can also tell us where the cash for tax cuts will come from? More borrowings from off-shore, as National did for the 2009 and 2010 tax cuts?

And perhaps he can tell us which generation will pay off the massive $67-plus billion debt if he’s going to lavish us with tax cuts?

National continually accuses Labour, the Greens, and Mana-Internet for being profligate spenders.

But nothing compares to this government which took us from zero debt in 2008; implemented two clearly unaffordable tax cuts funded by borrowing from off-shore banks; and ballooned debt out to nearly $70 billion dollars.

This is not prudent fiscal management. It is a very expensive election bribe.

More fool us if we take this bribe. A bribe with other people’s money. A bribe to be paid back by our children.

-Frank Macskasy

[address & phone number supplied]

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from:     Frank Macskasy <fmacskasy@gmail.com>
to:          NZ Herald <letters@herald.co.nz>
date:      Tue, Aug 26, 2014
subject: Letter to the editor

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The editor
NZ Herald
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John Key’s desperation is showing. How else to explain National’s dangling of a tax-cut carrot in front of voters, barely a few weeks out from the election.

As if a $67 billion debt isn’t enough, he wants to cut taxes and presumably borrow more money from off-shore to fund those cuts.

Where else will the money come from? Pixies cultivating money trees?

Meanwhile we have critical problems confronting our nation;

* over 250,000 children living in poverty,

* Cantabrians faced with a snails-pace rebuild; mounting housing shortage; and skyrocketing rents,

* cuts to social services such as health and education.

The last round of tax cuts in 2009 and 2010 were paid by increasing user-charges such as medical prescriptions and raising GST from 12.5% to 15% – increases which hit low-income earners the hardest.

National paid for the ’09 and ’10 tax cuts with massive borrowings.

How much will be have to borrow to fund these tax cuts?

Who will pay it back?

Our children?

Shame on us if we fall for this scam.

We are better than this.

-Frank Macskasy

  [address & phone number supplied]

 

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References

Fairfax media:  Surplus on track, Treasury figures show

Fairfax media: National’s tax cut mixed message


 

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Skipping voting is not rebellion its surrender

Above image acknowledgment: Francis Owen/Lurch Left Memes

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= fs =

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  1. 28 August 2014 at 1:48 pm

    Irony: Dealing with child poverty by giving massive debts upon who? The future children…

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