State of the Nation Speech: Our Economic Challenge

"This year is about building a brighter future for New Zealanders and their families.

"That is only possible if we lift the country's economic performance, and by doing so deliver the jobs, higher incomes and better living standards New Zealanders aspire to and deserve." Full text: http://beehive.govt.nz/speech/our-economic-challenge

Category:

News & Politics

Tags:

• johnkey
• nzgovernment
• state of the nation

[josban06]

recession. Where are the cuts in the spending going to occur?!? If we allow a mixed ownership model, the government will gradually sell out our assets as we get more and more in debt. AND, 'mum and dad investors' these days are too drowned in debt to have the opportunity to invest!. Graduated roger-nomics anyone???

[josban06]

hmm, didn't acknowledge his family...

I wonder who is creating the debt? Maybe national, who is borrowing $300,000,000 per week? Falling unemployment? REALLY??? how did they predict that? Falling unemployment in which demograhic and socioeconomical group? How does exporting our food work when we already have to pay so much for our own bread and milk in our own country? AND we have solo parents struggling to feed themselves and their kids?! 05:40 I don't feel particularly helped through

[Undeterminable]

@chbwinters Indeed. Interesting. Surely if the hearts of those in the community and charities that cared about those people and gave the right incentives would happily help and offer there services, food, money, support to those who needed it. Helping those to help themselves in a very real form? Starting a system of cooperation with charities and those wanting to help and give within local communities?

[chbwinters]

@Undeterminable and u ask y the goverment is borrowing 300 mil a week, sum thing has to give, the new zealand taxpayers are not a ATM, yet the goverment seems to think we are ... stop the entitlement band wagon before it gets out control.. 

[Undeterminable]

@chbwinters Surely supplying the people on ACC and working for families with the means and support from those around them to help themselves. Supporting those that care about them and helping them to give to those in need the means to live and care for themselves is better then handing them money? Surely if education is indeed the most important part of a nation should it not be free for all? Or do they banks make more money from loans?

[chbwinters]

Respond to this video... cap ACC payments at a max of 5 years for any one injured long term, cap working for familys at 5 k a year

a single person 10 k mum and dad , interest free holiday 4 5 years on student loans after u finished studying ... i think this is fair and most kiwi would be happy with that

[Undeterminable]

@chbwinters True. So what happens then a government defaults on its loan? When New Zealand goes bankrupt and go to auction? What if there is no buyer? Do we just end up becoming the banks property? What if there is a buyer? Would they own New Zealand?

[chbwinters]

@Undeterminable yeah i no rite ... both parties must be high , if they think that borrowing large amounts of money are doing any one good ...

[Undeterminable]

Can someone please help me understand why we are borrowing 300 million a week to repay debt? Doesn't that newly borrowed money have more interest charged on it? We can't even pay the interest on the original loan, how are we ever going to repay that new interest? Where is that money to pay from the interest coming from?

[netmedri]

Great speech, it had to be said! Good to see the government not just taking action but making action too