Rodney has a point

May 18th, 2014 at 1:00 pm by David Farrar

writes in the HoS:

There’s much about politics that’s stupid but nothing beats Day. It’s a day when ordinarily sane people spout nonsense.

Ministers hoot and holler that they are spending more money than ever before. Opposition MPs scream and shout it’s not enough.

We don’t do that at home. We don’t do that at work. To do so would be to be labelled insane and end up poverty-stricken.

Imagine it. “How was your day, dear?” “Great. I spent more on fishing gear than ever before!” “Well done, honey. I bought a dress that cost even more than last year’s.”

In the real world we must economise and judge our spending by what we get not by how much we spend.

Rodney has a good point. Judge on results, not spending.

If you spent what you didn’t have at home and bragged about it, your wife would dump you. If you did it at work, you would be sacked. Do it in politics and we vote for you. It’s nuts.

Spending other people’s money!

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44 Responses to “Rodney has a point”

  1. tom hunter (4,435 comments) says:

    We don’t do that at home. We don’t do that at work. To do so would be to be labelled insane and end up poverty-stricken.

    I always loved this portrayal of debt, deficit financing and the rest: Wait! You have kids?

    Banker: So you’re adding seventeen thousand dollars a year in debt?
    Customer: Wow, is that what it comes out to?

    Debt limit going up. Ding!

    Banker: Have you made any cuts in your expenses?
    Customer: Oh of course. Yes! My wife and I cut three hundred and eighty dollars out of our annual budget.

    That’s three hundred … and 80 dollars!

    Brutal!

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  2. AM1 (13 comments) says:

    Hone Harawira made a right tool of himself when making comment.

    “There’s nothing in it for Maori.”

    Apparently Maori kids are born at 14 years old or something and won’t benefit from the free doctor visits. Etc.

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  3. minus (142 comments) says:

    So how insane is – “We will take some of your money off you and give it back several decades later, to bring down home buyer interest rates, although that particular problem is caused by the likes of US rates, where, if you put money in a bank there, their interest against inflation means you loose 1% a year on your investment, so they invest in New Zealand banks and financial ventures, which is the real problem?”

    How bloody looney is that?

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  4. Redbaiter (7,642 comments) says:

    Worst, most politicians don’t seem to appreciate that the more govt takes from an economy, the more that economy dies.

    For example if you get $100 by taxing 10%, you won’t get $150 by taxing at 15% or $200 at 20%.

    The pie shrinks each time govt takes a slice. At 20% you might only get $50.

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  5. s.russell (1,565 comments) says:

    I have a lot of respect for what Hide is saying, or rather what he means. But he is over-egging his pudding.

    If you are a professional fisherman spending more than ever before on fishing gear might be a good thing. Likewise if you are professional hostess, spending more on a dress might be an investment.

    What counts is whether this is sensible spending: a) can you afford it and b) is it being spent on something that is going to do some good.

    The trumpeting about spending more is an easily understandable proxy for getting value (a harder thing for the public to assess). One of the most extraordinary achievements of this Government is that it is indeed getting far better value for every dollar spent, and that it choosing very sensibly what the dollars are spent on.

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  6. Judith (7,679 comments) says:

    Hidden due to low comment rating. Click here to see.

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  7. Redbaiter (7,642 comments) says:

    And the biggest con of all is saying we have a surplus when $6 billion of the budget is spent paying overdraft fees.

    And the second biggest con is saying we are “in the black” when the govt owes $60 billion in money it has overspent.

    Especially when it won’t do stuff all to reduce that debt, and instead prefers to spend $6 billion a year servicing it.

    Just to try and prop up unsustainable welfare and a ridiculously oversized govt.

    John Key is just Helen Klark in men’s clothing. She couldn’t have picked a more apt successor if she had been able.

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  8. Nuwanda (83 comments) says:

    You missed the point. DPF:

    “Rodney has a good point. Judge on results, not spending.”

    He’s not saying that at all. That’s an excuse to continue to increase spending. Who cares if we spend more? It’s the results that matter!

    Or are you saying last week’s budget is bad since there are so many spending increases? Not to mention new entitlements like the free under-13 doctor visits which will grow like all other freebies and be a permanent burden for all future taxpayers.

    Rodney said:

    “If you spent what you didn’t have at home and bragged about it, your wife would dump you. If you did it at work, you would be sacked. Do it in politics and we vote for you. It’s nuts.”

    That’s his point. Where’s the restraint? Or was National showing restraint by not making those doctor’s visits free for under-18s?

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  9. wikiriwhis business (3,883 comments) says:

    ““There’s nothing in it for Maori.”

    Unfortunately, I will admit ungrudgingly Maori are the most self centred race we have.

    They never talk about anything but themselves.

    And when Maori get together they complain about each other.

    Hone did himself no favours making that statement.

    I will say I have never heard anything like that come from Pita Sharples and I believe a lot of potential has been lost
    because his broader insights are rare from a Maori leader.

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  10. wikiriwhis business (3,883 comments) says:

    “Just to try and prop up unsustainable welfare and a ridiculously oversized govt.”

    Not so much about welfare as tax avoidance from the wealthy. Which is $6b.

    Govt’s never identify where the tax avoidance is really coming from.

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  11. martinh (1,155 comments) says:

    Theres an ad on the radio at the moment for a magazine (MEtro or North and South) where it talks about how Keys legacy will be debt as dramatic as what Muldoons was that all our kids will need to pay off.
    i dont disagree with them at all

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  12. rg (197 comments) says:

    National is getting very good at spending our money recklessly. They and the country need ACT because it is the only party which respects the taxpayer.

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  13. Reid (15,974 comments) says:

    “Let’s cancel the promised tax cuts because the GFC is much worse than we thought it was before the election when we made that stupid promise not because we had to in order to win but because we’re idiots and we thought we had to, in order to win.”

    Yeah, nah.

    “Let’s ditch the family tax credit for households earning over $100k because people like that don’t need scarce welfare dollars which are best directed toward real need not just imaginary need.”

    Yeah, nah.

    “Lets analyse the opposition’s likely election planks and allocate money toward them not because we believe in them and we think its a good investment but because our real aim is to beat the competition, not to build a better country so we’ll use OPM to pretend we care more than they do.”

    Yeah, let’s do that.

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  14. peterwn (3,168 comments) says:

    Redbaiter – A brief description of what you would do with a budget and to win an election campaign, please. Do you really think you could win it? If so, why not offer yourself as an intern adviser to John Key.

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  15. freemark (452 comments) says:

    wikiriwhis business (3,483 comments) says:
    May 18th, 2014 at 1:59 pm

    “Not so much about welfare as tax avoidance from the wealthy. Which is $6b.”

    Those dirty wealthy people who use legal means to minimise their tax, while still generally employing, looking after their own health, education, keeping out of the Justice system etc.
    We should deport or jail them all – that will teach them to be successful.
    Or this Govt could invest ($150M?) to identify & prosecute those who are paying no share.
    Or we could cut the Welfare spend by $6B and target those who do absolutely nothing for NZ.
    Or we could cut tax rates as that’s a fairly proven way to collect more tax & be more “fair”

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  16. SJM (68 comments) says:

    Mr Hides view is correct, politicians are like kids in a candy store with their parents money and this demonstrates why the public should be passing the budget, not politicians.

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  17. Fisiani (954 comments) says:

    Labour will always claim that they will spend more of your money on what they think will buy them votes. They will always seek to bribe you with your own money and some people will always fall for it. I sense that more and more people are ignoring whatever Labour say as they do not see them as a credible government. The key is to get them to vote for The KEY.

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  18. Viking2 (11,147 comments) says:

    Banking with Hone.

    Hone Harawira walks into a Bank to cash a cheque. As he approaches the cashier he says, “Good morning, Ma’am, could you please cash this cheque for me?”

    Cashier: “It would be my pleasure sir. Could you please show me your ID?”

    Hone Harawira: “Truthfully, I did not bring my ID with me as I didn’t think there was any need to. I am Hone Harawira, a member of the Mana Party of New Zealand!!!!”

    Cashier: “Yes sir, I know who you are, but with all the regulations and monitoring of the banks because of impostors and forgers and requirements of the legislation, etc., I must insist on seeing ID.”

    Hone: “Just ask anyone here at the bank who I am and they will tell you. Everybody knows who I am.”

    Cashier: “I am sorry, Mr. Harawira, but these are the bank rules and I must follow them.”

    Hone: “C’mon Woman, I am urging you, please, to cash this cheque.”

    Cashier: “Look Mr. Harawira, here is an example of what we can do.

    - One day, Tiger Woods came into the bank without ID. To prove he was Tiger Woods he pulled out his putter and made a beautiful shot across the bank into a cup. With that shot we knew him to be Tiger Woods and cashed his cheque…

    - Another time, Andre Agassi came in without ID. He pulled out his tennis racket and made a fabulous shot whereas the tennis ball landed in my cup. With that shot we cashed his cheque.”

    “So, Mr. Harawira, what can you do to prove that it is you, and only you?”

    Hone stands there thinking, and thinking, and finally says, “Honestly, my mind is a total blank… there is nothing that comes to my mind. I can’t think of a single thing. I have absolutely no idea what to do and I don’t have a clue.”

    Cashier: “Will that be large or small notes , Mr. Harawira?”

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  19. wiseowl (763 comments) says:

    peterwn.
    I am sure red could come up with a plan but do you support a $60b debt.Do you agree with carrying on in an economic fantasy world following a daisy chain of bank borrowing and lending .

    And Rodney created the super city which is paying $1 million per day in interest on its (Lens) debt.

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  20. Johnboy (14,998 comments) says:

    “John Key is just Helen Klark in men’s clothing.”

    You forgot to add the makeover Red. He’s far prettier than Helen! :)

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  21. tom hunter (4,435 comments) says:

    Holy hell. I post a link to a very funny and smart YouTube about this subject, in a US context, that has more than 2 million views – and I get three downticks!

    Some people can’t see the humorous side of this issue.

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  22. Johnboy (14,998 comments) says:

    And I thought Minus hated only me TH! :)

    Gave you an uppie just to cool your anguish down.

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  23. Johnboy (14,998 comments) says:

    Evening Reid. How does Hamilton compare to EB? :)

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  24. prosper (132 comments) says:

    Rodney did not create the super city Helen Clark did by appointing a Royal Commission. Nationals mistake was allowing it to go ahead.Rodney was just boy in the last coalition.

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  25. tom hunter (4,435 comments) says:

    And I thought Minus hated only me TH! :)

    The hate is spreading!!!!

    Gave you an uppie just to cool your anguish down.
    On the original post JB – the original post!!!!

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  26. Johnboy (14,998 comments) says:

    Some bastards are never fuckin satisfied! :)

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  27. Johnboy (14,998 comments) says:

    There you go. Change your handle to Victor Meldrew! :)

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  28. tom hunter (4,435 comments) says:

    I see your friend minus – or perhaps we should call them stealth-minus – is in action and stalking you JB.

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  29. Johnboy (14,998 comments) says:

    I think he has a twin Tom. Hopefully the twin will be a Plus and they will mutually destruct! :)

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  30. mikenmild (10,766 comments) says:

    Only upticks from me tonight, Johnboy.

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  31. Johnboy (14,998 comments) says:

    You’re hoping for mercy next Saturday I suspect Milky? :)

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  32. mikenmild (10,766 comments) says:

    It’ll be one way traffic JB, just not the way you might be hoping for.

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  33. Johnboy (14,998 comments) says:

    Milkey…..I heard the Bellevue was offering half price pints at half time to card carrying HOBM chaps to avoid them committing suicide and hence destroying the pubs profitability? :)

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  34. mikenmild (10,766 comments) says:

    The Bell doesn’t go in for such cheap gimmicks. It might be different over the hill at The Flying Jug.

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  35. Johnboy (14,998 comments) says:

    There has never, ever been any fear that the Wainui Pubs may run out of customers Milkey! :)

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  36. mikenmild (10,766 comments) says:

    Why are we getting downticks?

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  37. Johnboy (14,998 comments) says:

    If you lie down with a dog you’ll get his parasites Milkey! :)

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  38. mikenmild (10,766 comments) says:

    Well, coming from Wainui, I guess you’d be more familiar with parasites than I am.

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  39. Johnboy (14,998 comments) says:

    How so milkey?

    We don’t have an arrangement with the church like you guys do! :)

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  40. mikenmild (10,766 comments) says:

    The churches are the biggest parasites JB. Get religion out of sport, along with politics, I say.

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  41. igm (1,413 comments) says:

    Milkeywimp: You don’t frequent the Bellevue. you are a Naenae bogan, equipped with a laptop, don’t think it goes either!
    Martinh: Not only are you a disgusting leeching leftie, you even read, and adhere to their illiterate publications.

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  42. Bogusnews (444 comments) says:

    I think some interesting points have been raised in this thread.

    For example I read a glowing report card from Rodney re our beloved mayor. Yet I doubt there has ever been a more spendthrift mayor in Auckland.

    And of course there is always the complaint of these rich bastards avoiding tax. In our “fair” tax system, 12% of the top earners pay 76% of taxes. Umm…. how is this fair?

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  43. Shazzadude (506 comments) says:

    Actually, if you were to increase the wife’s clothing and jewellery budget, she’d probably give you another term.

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  44. deadrightkev (279 comments) says:

    “One of the most extraordinary achievements of this Government is that it is indeed getting far better value for every dollar spent, and that it choosing very sensibly what the dollars are spent on.”

    What crap. National has increased the spending hugely since the Labour government was thrown out. National has done nothing but sit still and borrow while the economy has grown. Anyone can make the numbers look good on that basis.

    Jamie Whyte explains it very accurately here http://www.act.org.nz/?q=posts/act%E2%80%99s-response-to-the-national-government-budget

    National is no cheerleading model on prudent government spending that is for sure.

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