Talk: Budget 09

  • Russell Brown,

    Predictions, running commentaries, reviews, good links and assessments of Bill English's first Budget. Come here …

    Auckland • Since Nov 2006 • 22830 posts Report Reply

29 Responses

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  • FletcherB,

    I made a prediction in another thread...

    I said I suspect we could wave bye-bye to the $1000 join-up incentive for Kiwisaver.

    I hope I'm wrong.

    West Auckland • Since Nov 2006 • 889 posts Report Reply

  • Russell Brown,

    Elsewhere, at The Standard lprent feasts on Key and English contradicting each other yet again, and Eddie offers a couple of Budget predictions.

    I looked over at Kiwiblog, but with DPF in the lockup, it's just the clowns in at the moment.

    Auckland • Since Nov 2006 • 22830 posts Report Reply

  • ScottY,

    I looked over at Kiwiblog, but with DPF in the lockup, it's just the clowns in at the moment.

    Thankfully DPF doesn't need to worry about leaving his site unmonitored, as he doesn't seem to have a moderation policy.

    West • Since Feb 2009 • 794 posts Report Reply

  • Tim Michie,

    Couldn't we lock the clowns in..?

    Auckward • Since Nov 2006 • 614 posts Report Reply

  • simon g,

    I look forward to my annual hurling of shoe at TV/radio, when presenter turns to pundit and asks:

    "Are you expecting any surprises in the budget?"

    Er ...

    Auckland • Since Nov 2006 • 1330 posts Report Reply

  • Tim Michie,

    Parliament TV - commentators come after, not before or interrupting the main thingy...

    Auckward • Since Nov 2006 • 614 posts Report Reply

  • Lyndon Hood,

    Nice website. Let's trade links.

    Budget 2009 - Scoop Full Coverage

    Wellington • Since Nov 2006 • 1115 posts Report Reply

  • ScottY,

    Couldn't we lock the clowns in..?

    We will, comrade, we will. As soon as our Glorious Socialist Revolution is complete we will send these reactionaries to appropriate "education centres".

    West • Since Feb 2009 • 794 posts Report Reply

  • Kumara Republic,

    Couldn't we lock the clowns in..?

    Syn·o·vate [sin-uh-vayt, sin-oh-vayt] - verb intransitive

    1. See also bossnapping.

    The southernmost capital … • Since Nov 2006 • 5429 posts Report Reply

  • Steve Barnes,

    Watching the body language and facial expressions of John Key and Bill English yesterday, I got a bad feeling.
    It got worse when I listened to what came out of their mouths.
    If I know nothing about these guys I would assume that Bill was a politician and Jon Key was a spokesman for an finance company. So how is it that JK is the prime minister, he sure don't look the part.
    The hairs on the back of my neck stood up when I remembered that JK was a money trader and now here he was telling us that Standard and Poor's may downgrade our credit rating and Bill English was saying nothing, the words were there but they were hollow rhetoric.
    Today's budget is going to be harsh, nothing for the poor and "stimulus building incentives" for the wealthy. We are going to be set up for a fall. We will wake up one day to find our assets gone and the land we stand on owned by some faceless banking sector that belongs to no country. All in the name of "Growth and Productivity"
    Remember, in this country we don't actually own our land, only the top 2 meters, the rest can be sold off by the crown for whatever they like.
    I think I'm going to need a bottle of scotch to go with this budget.

    Peria • Since Dec 2006 • 5521 posts Report Reply

  • Sam F,

    Auckland • Since Nov 2006 • 1609 posts Report Reply

  • Hilary Stace,

    Trevor had some leaks the other day on the Red Alert blog. It would be sad if the slashing of modern apprenticeships and trade training was true.
    They sometimes blog from the House. I wonder if they will during the Budget debate.

    Wgtn • Since Jun 2008 • 3214 posts Report Reply

  • Gareth Ward,

    Full details from Farrar up now.
    Still reading...

    http://www.kiwiblog.co.nz/2009/05/the_2009_budget.html

    Auckland, NZ • Since Mar 2007 • 1727 posts Report Reply

  • Gareth Ward,

    Super Fund: "The automatic contributions are likely to be suspended for 11 years"

    11 years! Fucken hell!

    Auckland, NZ • Since Mar 2007 • 1727 posts Report Reply

  • Stephen Judd,

    I see tax cuts don't stimulate the economy after all and apparently it's not ok to run a deficit. Oh well, at least we don't have an arrogant out of touch govt any more.

    I learned about the evils of retrenchment and Gordon Coates in 5th form history -- did English skip class during that module?

    Wellington • Since Nov 2006 • 3122 posts Report Reply

  • giovanni tiso,

    Pretty optimistic in terms of how long National will stay in power, too.

    Wellington • Since Jun 2007 • 7473 posts Report Reply

  • giovanni tiso,

    I meant the 11 years thing - sorry.

    Wellington • Since Jun 2007 • 7473 posts Report Reply

  • Gareth Ward,

    All seems pretty minor if I can be honest except that god awful GUTTING of the Super Fund. It will mean the fund will be smaller, be available later, and cover a lower portion of payments meaning more will have to be made up from taxation if entitlements are to remain the same.
    I could have handled a reduction for a couple of years, but this is a serious change in it's intent. Oh, but they're still putting in $250m and will force the Guardians to invest here. =|

    I wait to see details of the $2b "reprioritisation" in spending as to how those priorities have worked out as well.

    Auckland, NZ • Since Mar 2007 • 1727 posts Report Reply

  • Gareth Ward,

    Oh, and spending is going backwards in real terms after next year - when you see the revenue slash (largely through the tax cut programs of Labour and National I believe) that's perhaps to be expected though.

    Auckland, NZ • Since Mar 2007 • 1727 posts Report Reply

  • Lucy Stewart,

    I wait to see details of the $2b "reprioritisation" in spending as to how those priorities have worked out as well.

    Yeah, that bit makes me *very* twitchy. It's so...non-specific, with such a large amount of money.

    Wellington • Since Nov 2006 • 2105 posts Report Reply

  • Terry Baucher,

    All seems pretty minor if I can be honest except that god awful GUTTING of the Super Fund. It will mean the fund will be smaller, be available later, and cover a lower portion of payments meaning more will have to be made up from taxation if entitlements are to remain the same.

    My thoughts exactly. Another chapter in the holy book of "Let's pass the costs down to the next generation"

    A politcally and economically gutless Budget. Still the chaps at S&P must be happy.

    Devonport • Since Nov 2008 • 91 posts Report Reply

  • Kyle Matthews,

    Personally I'd much rather they save more (into the fund) when they're in surplus, and cut it right back when they're in deficit. Though if anyone can provide an explanation as to why that's a bad idea, I'm glad to hear it.

    Since Nov 2006 • 6243 posts Report Reply

  • LegBreak,

    Just caught a bit of this, and here’s the issue that really gets me.

    How long has English been living in Wellington for now?

    You’d have thought at least some of the accent would’ve worn off.

    Wellington • Since Nov 2006 • 1162 posts Report Reply

  • Gareth Ward,

    I'd much rather they save more (into the fund) when they're in surplus, and cut it right back when they're in deficit.

    It's not money on top of the Budget though - it's spending WITHIN the budget. So it's part of the surplus/deficit.

    There is a strong argument for funding to the level they were laid out here. That was based on a regular spending as a percentage of GDP which seems fair to me - assuming a relatively regular tax income, a relatively regular prefunding of Super makes sense - your deficit/surplus then comes from other decisions around spending or tax levels.

    Auckland, NZ • Since Mar 2007 • 1727 posts Report Reply

  • Kumara Republic,

    I learned about the evils of retrenchment and Gordon Coates in 5th form history -- did English skip class during that module?

    Forbes-Coates v2.0 alpha release.

    The southernmost capital … • Since Nov 2006 • 5429 posts Report Reply

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