St. Steven and the Holy Grail of Fiscal Responsibility
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National’s Steven Joyce is up to his old tricks, pontificating and lecturing the new Coalition government on “fiscal correctness”…
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Which called for this timely reminder to the former Minister of Finance…
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from: Frank Macskasy <fmacskasy@gmail.com>
to: NZ Herald <letters@herald.co.nz>
date: 22 November 2017
subject: Letter to the editor.
The editor
NZ Herald.
Former Finance Minister, Steven Joyce, rails against the Coalition government’s plans to introduce a regional fuel tax for Auckland, claiming;
“Because if they controlled their costs properly they’d be able to have the sort of money, the $150 million a year that a regional fuel tax would generate, they’d have that in surplus if they just ran the council properly.
… ‘hey get your costs under control’.” (Radio NZ: “Auckland Council could avoid fuel tax – National Party”)
This is the same minister whose previous government racked up $70 billion in debt during their nine years term – exacerbated by two unaffordable tax cuts in 2009 and 2010, and increasing debt by $2 billion each year. (Scoop media: “Govt’s 2010 tax cuts costing $2 billion and counting”) In effect, National borrowed money – up to $450 million per week in 2009 – from offshore to put into the pockets of mostly top income earners.
Which made a mockery of John Key’s claim in August 2008 that National’s planned tax-cuts would be “hermetically sealed” from the rest of National massive borrowing plans. (NZ Herald: “Nats to borrow for other spending – but not tax cuts”)
Let’s hope the Auckland Council doesn’t follow National’s appalling record of “controlling their costs properly”. It would bankrupt the city.
.-Frank Macskasy[address and phone number supplied]
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Each time the Nats open their mouths to carp about the Coalition’s reforms, it is a delight to remind them of their own pitiful track record over the last nine years. And for Steven Joyce, I offer his very own:
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Postscript
It appears that Mr Joyce has taken offence at something I’ve said. The poor fragile flower has blocked me from his Twitter account;
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It is highly reassuring to know that I have been noticed by those in high office. And amusing to realise just how incredibly thin-skinned they are.
My work continues.
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References
Radio NZ: Auckland Council could avoid fuel tax – National Party
Scoop media: Govt’s 2010 tax cuts costing $2 billion and counting
ODT: Government now borrowing $450 million a week – claim
NZ Herald: Nats to borrow for other spending – but not tax cuts
Twitter: @stevenljoyce
Other blogs
Werewolf: The Myth of Steven Joyce
Previous related blogposts
Key & Joyce – competing with Paula Bennett for Hypocrites of the Year?
Steven Joyce – Hypocrite of the Week
Letter to the Editor – Steven Joyce, Hypocrite of the Year
Steven Joyce rails against low mortgage interest rates; claims higher interest rates “beneficial”
Dollars and sense – Joyce’s hypocrisy
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This blogpost was first published on The Daily Blog on 25 November 2017.
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= fs =
Badge of honour to be blocked from Joyce’s twitter account
LOL! That’s pretty much how I took it, Julian…!