Labour’s 2020 strategy: Borrow to bribe

Published: Sun 1 Dec 2019 10:04 PM
“Labour’s 2020 strategy has come into focus with a promise to borrow billions of dollars to win an election”, according to ACT Leader David Seymour.
“Borrowing is not bad in and of itself, but new debt must go towards high-quality, long-term infrastructure.
“What are the shovel-ready projects that will be funded? Has the Treasury done cost-benefit analyses to ensure New Zealand will be better off as a result of their completion?
“It’s all well and good for Grant Robertson to point to historically low interest rates as a reason to borrow, but the quality of spending also matters.
“This Government’s spending priorities have been highly political: Fees-Free for students from middle-class families, the Provincial Growth Fund for NZ First’s base, and environmental corporate welfare through the Green Investment Fund.
“These wasteful schemes should make New Zealanders wary of any additional borrowing. That’s why it should be accompanied by a plan to cut existing low-value spending.
“The Government must not load up future generations with debt and taxes for the sake of winning an election.
“Labour needs to show that it has high-quality projects ready to go before it borrows to bribe.”

Next in New Zealand politics

Gordon Campbell on welfare vs infrastructure spending
By: Gordon Campbell
New direction for criminal justice reform
By: New Zealand Government
Surgical mesh restorative justice report received
By: New Zealand Government
Government’s power to order decryption must respect privacy
By: Joint Press Release
National will invest in quality healthcare
By: New Zealand National Party
Report on combatting foreign election interference delivered
Name suppression lifted for officers A & B
By: New Zealand Police
Child Poverty Monitor: Big, bold, permanent change needed
By: Office of the Children's Commissioner
Chief Victims Advisor reappointed for a further two years
By: New Zealand Government
Justice report highlights systemic racism and inequality
By: Green Party
"The Best Christmas present ever"
By: Wellington Howard League
First Step toward Protecting Our First Responders
By: New Zealand First Party
Report: Stories of Survivors of Surgical Mesh
By: Ministry of Health
National will deliver high-quality care for women
By: New Zealand National Party
Surgical Mesh Restorative Justice Report Finally Released
By: Mesh Down Under
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media