Admittedly, a decent chunk of the debt accumulated over the last three years has been money spent where the government had no choice.
And it is fair to say that the debate surrounding the accumulation of that debt should not be about whether the mostly borrowed money should have been spent but more precisely about how it was spent.
Because, if those last few years enduring climate events that were merciless in their destructive power or the Covid emergency that created extraordinary economic conditions of its own taught us nothing about how to run a business, then we are in big trouble when the next one adds to our already precarious position.
In the circumstances, in order to have any chance of surviving these future calamities, showing we have learned from the past experiences, we will need to place priorities for future spending and those items that make the cut will be only the ones required to cover essential services.
It isn’t a scenario that any incoming government would like to contemplate but the time for denying reality is over. Unfortunately, the need for a seige economy is warranted now more than ever. But try telling that to those who have an exaggerated sense of entitlement.
We simply can’t continue borrowing money like there is no tomorrow which only lumps the responsibility for the debt repayment on to future generations who had no say on whether our unwarranted expenditure was justified or not.
Some would say that our current debt ceiling is a result of irresponsible management of the economy when the excuses used for saying No to the clamouring pressure groups would have been legitimate responses at a time when it was in the nation’s best interests to do so. Whether we like it or not, the need for austerity in many areas is still there.
Sadly, of the current group of aspiring politicians, few show signs that they are prepared to make the hard decisions when it comes to spending money we don’t have or that they have learned anything from the profligate spending of late.
I would hope that the parties who do make it over the line in a few weeks time will have the courage to accept we are currently at war with ourselves and, unless we take stock of a situation that is spiralling out of control, we might as well all join the millions who are taking advantage of other countries lax borders and move somewhere else in search of a better life for ourselves and our dependants.
Would those who are the last to leave, please turn out the lights!
Clive Bibby is a commentator, consultant, farmer and community leader, who lives in Tolaga Bay.
2 comments:
Those gullible enough to follow our mainstream media are blissfully ignorant of the propaganda these Marxist cretins deliver daily. The media has captured the minds of those that know no better than swallow the horse shit that is dished up by design.
Using these very people as debating moderators is like letting a fox loose in a chicken coup.
The joke – I assume that it’s meant to be a joke – about the last one to leave to turn the lights out was around back in the 1970s when the emigration to Australia picked up speed, so unoriginal. (Since then, actually, our population has increased by about 2 million!) It seems to represent the sentiment that this country is no longer a place worthy of human habitation. The writer here says that “we are currently at war with ourselves” the “situation that is spiralling out of control” and that “millions” have fled. Of course, Kiwis are free to seek life in another country - this is not North Korea – where the grass is greener, or apparently so, but there’s many who are only too keen to come here and work for a better New Zealand.
Yes, we have plenty of challenges, like for public resources to be applied more efficiently, to arrest the deterioration in our otherwise proud race relations, to play our part internationally in protecting our planet and its climate, (that’s the hard one), along with others. But we are a country way at the top in terms of quality of life, freedom, and democracy if, like every other democracy, flawed and challenged. New Zealand is, to me, the greatest little country on the planet and I’m blessed to have been born here. I’m nailing my colours to the mast, and what better place to do it than the Breaking Views newsletter.
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