Archive for April, 2009

“Is the challenge of this year’s budget tougher than the 1984 budget?”
New Zealand was technically bankrupt in 1984, but in many ways the present crisis is more challenging. It is unfair. National did not cause this crisis but now it is their responsibility to get the budget right.
To understand the issues facing Bill English first [...]

ACT New Zealand Finance Spokesman Sir Roger Douglas today described Finance Minister Bill English as nothing more than a National Party version of Dr Michael Cullen – who promised New Zealand tax cuts but never actually delivered the goods.
“The Government pretends it has no choice but to renege on the promised tax cuts – Mr [...]

ACT New Zealand Finance Spokesman Sir Roger Douglas today urged Finance Minister Bill English to stop simply paying lip service to New Zealand’s economic problems and start focussing on developing real solutions for the good of the country.
“When will the Minister actually front up with a coherent plan to tame the Government spending that he [...]

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“The OECD report released last week confirms all of ACT’s warnings: New Zealand is one of the world’s most indebted countries, has one of the largest current account deficits, and has had low productivity growth for the past 12 years.
“This has created a low-wage economy – but Finance Minister Bill English is unwilling to heed [...]

ACT New Zealand Finance Spokesman Sir Roger Douglas today released information showing that New Zealanders have spent more than a decade being robbed blind through over-taxation.

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Act MP and former Finance Minister Sir Roger Douglas is urging the National Government to stop its borrow-and-spend response to the global recession.
Click here to follow link.

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This book contains one big idea. If implemented, this idea would lead to:

● GDP per capita higher than Australia by 2025 (see charts for current situation)

● A higher growth rate via higher productivity

● Higher incomes

● Higher education standards

● Better healthcare outcomes

● Less welfare as people become able to provide for themselves

● Higher incomes in retirement and more security

● Lower average taxes and lower marginal tax rates

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New Zealand finds itself pushed further towards the brink of economic collapse. We have been in a recession for over a year, and the figures that are coming out from Treasury and Statistics NZ suggest that things are still getting worse.

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“When a man, a business, or an entire society is facing bankruptcy, there are two courses that those involved can follow: they can evade the reality of their situation and act on a frantic, blind, range-of-the-moment expediency – not daring to look ahead, wishing no one would name the truth, yet desperately hoping that something will save them somehow – or they can identify the situation, check their premises, discover their hidden assets, and start rebuilding.”

- Ayn Rand

As a nation, New Zealand faces a choice over which course of action we adopt. So far, it seems as if New Zealand is following the first course of action.

Unfortunately for us, that course of action will delay the correction needed to end the recession.
The “rolling maul” of initiatives supported by National will increase the size of Government. In so doing we will begin to forfeit more and more of the money we earn to the Government.

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  • heidib: Interesting to see Rogernomics discussed in England. [...]
  • Borzoi: It would be a helpful if Sir Roger would list a few of the countries which have done so well with th [...]
  • Michael Davison: Well said again Roger [...]
  • James: "Unemployment is not the legacy of Roger Douglas, it is the legacy of t he Unions." Nice line He [...]
  • Steve Evans: A good speech but it is painful to see political parties described in the plural - "National have", [...]

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