. . .America is heading for an economic crisis.
This crisis hasn’t been caused by one party or President. It’s been building for decades, driven by demographic change, too many promises and not enough taxpayers. . . .
The USA isn’t alone in heading for an economic crisis.
The UK is in a mess, Australia isn’t as lucky as it once was and New Zealand has a long way to go to get back on track.
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The UK is in a mess, Australia isn’t as lucky as it once was and New Zealand has a long way to go to get back on track.
Click to view
The Opposition, and their fellow travellers accuse the government of austerity.
They are wrong.
It has made some tough decisions and it has needed to but it’s a long way from austerity and while some criticise it for going too hard, others say go harder.
That’s because if hard decisions and ensuing policies aren’t made and followed now, harder ones will have to be made in the future.
Just as individuals and businesses can’t carry on with unsustainable debt levels, countries and their governments have to live within their means.
That’s why our government is laser focussed on more and better trade deals and economic growth.
Without them future governments will have to make much harder decisions with far tougher policies.
Strong medicine now isn’t popular but without it, stronger medicine would have to be given in the future.
Ele Ludemann is a North Otago farmer and journalist, who blogs HERE - where this article was sourced.
3 comments:
We need to cut the money spent on the bureaucracy back to 25% of GDP now.
With world money systems grossly abused and liable to collapse at any time, little wonder gold is soaring.
Interesting how the present government is willing to go hard on crime. Even beneficiaries. But the bloated public service, not even a nudge. The largest non productive group, totally reliant on a dropping taxpayer base, is treated as some sort of untouchable caste. One that gets to tell us what to think and do. One that screams injustice of they are asked to justify their fiefdoms.
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