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	<title>Comments on: Kerr on Fiscal Stimulus</title>
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	<link>http://www.kiwiblog.co.nz/2009/02/kerr_on_fiscal_stimulus.html</link>
	<description>DPF&#039;s Kiwiblog - Fomenting Happy Mischief since 2003</description>
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		<title>By: Nigel Kearney</title>
		<link>http://www.kiwiblog.co.nz/2009/02/kerr_on_fiscal_stimulus.html/comment-page-1#comment-534492</link>
		<dc:creator>Nigel Kearney</dc:creator>
		<pubDate>Mon, 16 Feb 2009 21:04:10 +0000</pubDate>
		<guid isPermaLink="false">http://www.kiwiblog.co.nz/?p=30674#comment-534492</guid>
		<description><![CDATA[We don&#039;t need a &#039;magic time machine&#039; to undo the damage Labour has done. 

We just need a government that is committed to doing what&#039;s best for the country, instead of one that is focused on maximizing its chance of winning elections.]]></description>
		<content:encoded><![CDATA[<p>We don&#8217;t need a &#8216;magic time machine&#8217; to undo the damage Labour has done. </p>
<p>We just need a government that is committed to doing what&#8217;s best for the country, instead of one that is focused on maximizing its chance of winning elections.</p>
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		<title>By: GMDI</title>
		<link>http://www.kiwiblog.co.nz/2009/02/kerr_on_fiscal_stimulus.html/comment-page-1#comment-534290</link>
		<dc:creator>GMDI</dc:creator>
		<pubDate>Mon, 16 Feb 2009 03:20:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.kiwiblog.co.nz/?p=30674#comment-534290</guid>
		<description><![CDATA[It amazes me that the Idiots at the standard think we can borrow our way out of a recession. if we want to meet their own dear ex-leaders goals of top half OECD rankings, we need the govt spending/gdp ratio to be in the bottom half of the rankings, thats it. simple. more real wealth in real new zealands pocket.]]></description>
		<content:encoded><![CDATA[<p>It amazes me that the Idiots at the standard think we can borrow our way out of a recession. if we want to meet their own dear ex-leaders goals of top half OECD rankings, we need the govt spending/gdp ratio to be in the bottom half of the rankings, thats it. simple. more real wealth in real new zealands pocket.</p>
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		<title>By: freethinker</title>
		<link>http://www.kiwiblog.co.nz/2009/02/kerr_on_fiscal_stimulus.html/comment-page-1#comment-534190</link>
		<dc:creator>freethinker</dc:creator>
		<pubDate>Mon, 16 Feb 2009 00:03:57 +0000</pubDate>
		<guid isPermaLink="false">http://www.kiwiblog.co.nz/?p=30674#comment-534190</guid>
		<description><![CDATA[&quot;Beyond those exercises, the Business Roundtable strongly supports the proposed Taxpayer Rights Bill which would cap increases in spending at the rate of inflation plus population growth, unless taxpayers agree to higher increases in a referendum.&quot;

The Whanganui experiment in asking ratepayers in a referendum what level of rate increases they want with 3 choices is a good starting point and if the council were required to resign on proposing a rise greater than inflation then &quot;Our elected representatives&quot; would no doubt prioritise expenditure more appropriately or risk being kicked out - a win win situation I believe.]]></description>
		<content:encoded><![CDATA[<p>&#8220;Beyond those exercises, the Business Roundtable strongly supports the proposed Taxpayer Rights Bill which would cap increases in spending at the rate of inflation plus population growth, unless taxpayers agree to higher increases in a referendum.&#8221;</p>
<p>The Whanganui experiment in asking ratepayers in a referendum what level of rate increases they want with 3 choices is a good starting point and if the council were required to resign on proposing a rise greater than inflation then &#8220;Our elected representatives&#8221; would no doubt prioritise expenditure more appropriately or risk being kicked out &#8211; a win win situation I believe.</p>
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		<title>By: OECD rank 22 kiwi</title>
		<link>http://www.kiwiblog.co.nz/2009/02/kerr_on_fiscal_stimulus.html/comment-page-1#comment-534177</link>
		<dc:creator>OECD rank 22 kiwi</dc:creator>
		<pubDate>Sun, 15 Feb 2009 23:40:41 +0000</pubDate>
		<guid isPermaLink="false">http://www.kiwiblog.co.nz/?p=30674#comment-534177</guid>
		<description><![CDATA[Nigel Kearney says at 9:28 am: 
&lt;blockquote&gt;National should go back to the level of spending in 1999 when National was last in office, adjust for inflation and population growth, and set spending at that level. The amount that could be returned to taxpayers from doing this would be about $12,000 per family per year.&lt;/blockquote&gt;

Sounds good to me.]]></description>
		<content:encoded><![CDATA[<p>Nigel Kearney says at 9:28 am: </p>
<blockquote><p>National should go back to the level of spending in 1999 when National was last in office, adjust for inflation and population growth, and set spending at that level. The amount that could be returned to taxpayers from doing this would be about $12,000 per family per year.</p></blockquote>
<p>Sounds good to me.</p>
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		<title>By: Redbaiter</title>
		<link>http://www.kiwiblog.co.nz/2009/02/kerr_on_fiscal_stimulus.html/comment-page-1#comment-534080</link>
		<dc:creator>Redbaiter</dc:creator>
		<pubDate>Sun, 15 Feb 2009 20:37:10 +0000</pubDate>
		<guid isPermaLink="false">http://www.kiwiblog.co.nz/?p=30674#comment-534080</guid>
		<description><![CDATA[&quot;It is tragic that people like Roger Kerr, and Roger Douglas, and Don Brash, are regarded as poison by so many voters. Thus democracy shoots sitself in the foot again and again.&quot;

Democracy perverted by a left wing media who largely project the Labour party view as their default position, and accordingly enthusiastically aided in the vicious demonisation of good men with good ideas.

Someone famous once said &quot;For democracy to work, the population needs to be informed.&quot; (or something like that)

Thats the problem in NZ. The public are continually misled by a cowardly lying partisan mainstream media, yellow so called journalists who are a vile stain on the concept of democracy.]]></description>
		<content:encoded><![CDATA[<p>&#8220;It is tragic that people like Roger Kerr, and Roger Douglas, and Don Brash, are regarded as poison by so many voters. Thus democracy shoots sitself in the foot again and again.&#8221;</p>
<p>Democracy perverted by a left wing media who largely project the Labour party view as their default position, and accordingly enthusiastically aided in the vicious demonisation of good men with good ideas.</p>
<p>Someone famous once said &#8220;For democracy to work, the population needs to be informed.&#8221; (or something like that)</p>
<p>Thats the problem in NZ. The public are continually misled by a cowardly lying partisan mainstream media, yellow so called journalists who are a vile stain on the concept of democracy.</p>
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		<title>By: Nigel Kearney</title>
		<link>http://www.kiwiblog.co.nz/2009/02/kerr_on_fiscal_stimulus.html/comment-page-1#comment-534075</link>
		<dc:creator>Nigel Kearney</dc:creator>
		<pubDate>Sun, 15 Feb 2009 20:28:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.kiwiblog.co.nz/?p=30674#comment-534075</guid>
		<description><![CDATA[It is a good idea, but it is neither logical nor sensible to accept current spending as the baseline.

National should go back to the level of spending in 1999 when National was last in office, adjust for inflation and population growth, and set spending at that level. The amount that could be returned to taxpayers from doing this would be about $12,000 per family per year.

Accepting the massive spending increases under Labour and just limiting future increases will not be enough to stop our economy circling the drain.

[DPF: Yes we should hop in the magic time machine and pretend the last nine years have not happened. Just turn the clock back - it&#039;s so simple]]]></description>
		<content:encoded><![CDATA[<p>It is a good idea, but it is neither logical nor sensible to accept current spending as the baseline.</p>
<p>National should go back to the level of spending in 1999 when National was last in office, adjust for inflation and population growth, and set spending at that level. The amount that could be returned to taxpayers from doing this would be about $12,000 per family per year.</p>
<p>Accepting the massive spending increases under Labour and just limiting future increases will not be enough to stop our economy circling the drain.</p>
<p>[DPF: Yes we should hop in the magic time machine and pretend the last nine years have not happened. Just turn the clock back - it's so simple]</p>
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		<title>By: LUCY</title>
		<link>http://www.kiwiblog.co.nz/2009/02/kerr_on_fiscal_stimulus.html/comment-page-1#comment-534056</link>
		<dc:creator>LUCY</dc:creator>
		<pubDate>Sun, 15 Feb 2009 19:58:44 +0000</pubDate>
		<guid isPermaLink="false">http://www.kiwiblog.co.nz/?p=30674#comment-534056</guid>
		<description><![CDATA[Excellent!  and Philbest/ getstaffed couldnt agree with you more. The world keeps appyling solution that were fine for way back when but wont work in this world]]></description>
		<content:encoded><![CDATA[<p>Excellent!  and Philbest/ getstaffed couldnt agree with you more. The world keeps appyling solution that were fine for way back when but wont work in this world</p>
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		<title>By: getstaffed</title>
		<link>http://www.kiwiblog.co.nz/2009/02/kerr_on_fiscal_stimulus.html/comment-page-1#comment-534036</link>
		<dc:creator>getstaffed</dc:creator>
		<pubDate>Sun, 15 Feb 2009 19:00:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.kiwiblog.co.nz/?p=30674#comment-534036</guid>
		<description><![CDATA[&lt;blockquote&gt;The imperative now is to switch resources into the internationally trading sector so as to increase exports and cut imports. &lt;/blockquote&gt;

That&#039;s it in a nutshell for me. Call me old fashioned, but real growth will only come from having newly acquired wealth in our pocket, rather than moving the same, tired old tenners from one pocket to the next al la the stimulus package.]]></description>
		<content:encoded><![CDATA[<blockquote><p>The imperative now is to switch resources into the internationally trading sector so as to increase exports and cut imports. </p></blockquote>
<p>That&#8217;s it in a nutshell for me. Call me old fashioned, but real growth will only come from having newly acquired wealth in our pocket, rather than moving the same, tired old tenners from one pocket to the next al la the stimulus package.</p>
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		<title>By: PhilBest</title>
		<link>http://www.kiwiblog.co.nz/2009/02/kerr_on_fiscal_stimulus.html/comment-page-1#comment-534026</link>
		<dc:creator>PhilBest</dc:creator>
		<pubDate>Sun, 15 Feb 2009 17:39:39 +0000</pubDate>
		<guid isPermaLink="false">http://www.kiwiblog.co.nz/?p=30674#comment-534026</guid>
		<description><![CDATA[It is tragic that people like Roger Kerr, and Roger Douglas, and Don Brash, are regarded as poison by so many voters. Thus democracy shoots sitself in the foot again and again.]]></description>
		<content:encoded><![CDATA[<p>It is tragic that people like Roger Kerr, and Roger Douglas, and Don Brash, are regarded as poison by so many voters. Thus democracy shoots sitself in the foot again and again.</p>
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		<title>By: PhilBest</title>
		<link>http://www.kiwiblog.co.nz/2009/02/kerr_on_fiscal_stimulus.html/comment-page-1#comment-534025</link>
		<dc:creator>PhilBest</dc:creator>
		<pubDate>Sun, 15 Feb 2009 17:38:11 +0000</pubDate>
		<guid isPermaLink="false">http://www.kiwiblog.co.nz/?p=30674#comment-534025</guid>
		<description><![CDATA[Good on ya for posting this, DPF, Roger Kerr is right, as he usually is. 

I have said this more than once before, and it is not my original idea, that Keynes idea of a &quot;stimulus&quot; was designed in an era when the State took up 10-20% of a nation&#039;s GDP; a &quot;stimulus&quot; on top of this was something proportionlly significant. But countries where the State already takes up 45% of GDP are already at or beyond the point Keynes envisaged a temporary stimulus package taking government spending. What is more, most of that is very low quality spending, and most of it is &quot;entitlements&quot;. 

Where an economy is thus already choked in State churn of its wealth, any &quot;stimulus&quot; is going to be of reduced effect, even if it is high quality spending; which largely it is not. The USA is setting a very bad example in this respect. The Wall Street Journal recently called the Obama/Pelosi/Reid &quot;stimulus package&quot;; 90% social policy and 10% economic policy. Mark Steyn called it &quot;business as usual, with 3 extra zeroes tacked onto the end.....&quot;]]></description>
		<content:encoded><![CDATA[<p>Good on ya for posting this, DPF, Roger Kerr is right, as he usually is. </p>
<p>I have said this more than once before, and it is not my original idea, that Keynes idea of a &#8220;stimulus&#8221; was designed in an era when the State took up 10-20% of a nation&#8217;s GDP; a &#8220;stimulus&#8221; on top of this was something proportionlly significant. But countries where the State already takes up 45% of GDP are already at or beyond the point Keynes envisaged a temporary stimulus package taking government spending. What is more, most of that is very low quality spending, and most of it is &#8220;entitlements&#8221;. </p>
<p>Where an economy is thus already choked in State churn of its wealth, any &#8220;stimulus&#8221; is going to be of reduced effect, even if it is high quality spending; which largely it is not. The USA is setting a very bad example in this respect. The Wall Street Journal recently called the Obama/Pelosi/Reid &#8220;stimulus package&#8221;; 90% social policy and 10% economic policy. Mark Steyn called it &#8220;business as usual, with 3 extra zeroes tacked onto the end&#8230;..&#8221;</p>
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