John Key prepares to sign theTTPA agreement in NZ this Feb. Reminds me of the famous words from the legendary George Carlin. It's a big club… and you ain't in it!
As the New Zealand economy remains stagnant John Key still believes we have a Rockstar Economy. All the while he's positioning himself to cream all he can before he leaves NZ Politics. Milking it much!
It's party time for National as New Zealand's overseas debt reached an astounding $100 Billion Dollars this year and in the process have delivered 7 budget deficits in a row since 2008 (that's every year this term). Amazing when you think that only 7 years ago NZ's overseas debt was less than $20 Billion.
That's right, it is 5 TIMES GREATER now.
In response the Politicians with their mainstream media repeaters will calmly spew out the same "NZ has a Rockstar economy" story and most of the NZ Public will believe it - so no worries!
But, what does "Rockstar Economy" actually mean? Sounds like some fancy-schamancy financy term aye?
Well let's try it another way:
"How's your mortgage?
"Really good mate! I have a Rockstar mortgage!"
Doesn't mean anything bro.
How's this for a great incentive to give your 2014 vote to National. A proposed $500 Million pool of cash put aside and returned to taxpayers! Tax break time - yeah!
Now that looks like a deliciously sweet little carrot jingling in front of us right?... wrong!
When you break down the numbers it works out that the average NZ wage earner would receive $1.30 back in their hand a day!
Is this supposed to be an election bribe? Pretty feeble attempt if so.
Most Kiwi's have already voiced there opinions saying that this small amount would not make a difference to their day to day living and expenses and this money would be better spent where it is needed, on Education, Health. Basically, this offer is an irresponsible way to waste government funds as the recent surplus was only wafer thin and with NZ's overseas debt swiftly closing in on $100 Billion.
But there's more - it won't happen until 2017 and even then nothing is promised - if the economy isn't rocking in 3 years then this carrot goes straight in the trash.
Nice try National - but we ain't biting.
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