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PM John Key after Treasury cuts growth forecasts

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Uploaded by on Dec 4, 2011

PM John Key after Treasury cuts growth forecasts

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  • John Key said before the 2008 election he would run the govt on 2-3 billion less than labour (58 billion) to afford his tax cuts. But instead of the 55-56 billion, his 1st budget was 67 billion! With lower growth, you can afford debt less and less.Growth down by more than 10% (3.4 to 3) after only a few weeks(since the last forecast) with the european crisis getting worse - Key is on thin ice...and so are we all -

  • "hell in a handbasket" is a slight exaggeration, slight

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