How our present and future needs have been balanced – by lumbering each household with $95,000 in govt debt

Point of Order

As  all   the  lobby group  shouting  fades in  the  wake of the  budget,   how    is  the  real  verdict  shaping  up ?

If  from the  Labour  camp,  you’d  say it was  a   financial  triumph,  balanced  but  with a  bold  vision.  And,  as Sir  Michael Cullen asserted,  there  is   “a  real degree of  bravery”  in the benefit  increases.

According  to Sir  Michael,  Finance  Minister  Grant  Robertson

” .. has  done  a  superb  job   in writing a  budget  which  balances  present  and  future  needs,  begins  to  address our  social inequities and  provides a  solid  foundation for  future  sustainable  growth”.

For  Sir Michael,  this  is  just the  beginning:  he  sees this  as the  first  part of a trilogy  of  budgets.  Roll  on  the other  two!

On the  other  side  of the fence, the   drumbeat was  a   bit   more  discordant.  The praise  certainly was  not  quite  so  fulsome.

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