A good summary, with some forecasts that have not been spoken of byHardly surprising considering the last two government's throwing money away.
many - no allowance for natural catastrophes, and the likelihood that
(as happened when Bill English was PM) social investment approach
being more expensive than anticipated, as well as the Cancer drug
promise that has been extensively covered.
Rich80105 <Rich80105@hotmail.com> wrote: >>https://www.pundit.co.nz/content/the-2024-budget-forecasts-are-gloomy-prognosis-about-the-next-three-years
Hardly surprising considering the last two government's throwing money away. >It wiil take more than 3 years to fix that massive damage to our economy.
A good summary, with some forecasts that have not been spoken of by
many - no allowance for natural catastrophes, and the likelihood that
(as happened when Bill English was PM) social investment approach
being more expensive than anticipated, as well as the Cancer drug
promise that has been extensively covered.
On Sat, 8 Jun 2024 20:50:47 -0000 (UTC), TonyWhat childishness, the last two governments were profligate, especially the latter one and you know it.
<lizandtony@orcon.net.nz> wrote:
Rich80105 <Rich80105@hotmail.com> wrote: >>>https://www.pundit.co.nz/content/the-2024-budget-forecasts-are-gloomy-prognosis-about-the-next-three-years
Hardly surprising considering the last two government's throwing money away. >>It wiil take more than 3 years to fix that massive damage to our economy.
A good summary, with some forecasts that have not been spoken of by
many - no allowance for natural catastrophes, and the likelihood that
(as happened when Bill English was PM) social investment approach
being more expensive than anticipated, as well as the Cancer drug
promise that has been extensively covered.
The extra borrowing for tax cuts is what is likely to drop New
Zealand's credit rating - and also increase the cost of borrowing
which will further increase the cost of water - oh but there the
government will just reduce the standards for water quality, won't
they. . . .after all lower standards is what they do . . .
.
On Sat, 8 Jun 2024 20:50:47 -0000 (UTC), TonyYou have not factored in the cost of using the three waters model, both the financial and the damage to NZ society.
<lizandtony@orcon.net.nz> wrote:
Rich80105 <Rich80105@hotmail.com> wrote: >>>https://www.pundit.co.nz/content/the-2024-budget-forecasts-are-gloomy-prognosis-about-the-next-three-years
Hardly surprising considering the last two government's throwing money away. >>It wiil take more than 3 years to fix that massive damage to our economy.
A good summary, with some forecasts that have not been spoken of by
many - no allowance for natural catastrophes, and the likelihood that
(as happened when Bill English was PM) social investment approach
being more expensive than anticipated, as well as the Cancer drug
promise that has been extensively covered.
The extra borrowing for tax cuts is what is likely to drop New
Zealand's credit rating - and also increase the cost of borrowing
which will further increase the cost of water - oh but there the
government will just reduce the standards for water quality, won't
they. . . .after all lower standards is what they do . . .
.
On Sat, 8 Jun 2024 20:50:47 -0000 (UTC), TonyNo not that mythical government, the one that very nearly bankrupted this country - the two term labour government recently deceased is the one I referred to.
<lizandtony@orcon.net.nz> wrote:
Rich80105 <Rich80105@hotmail.com> wrote: >>>https://www.pundit.co.nz/content/the-2024-budget-forecasts-are-gloomy-prognosis-about-the-next-three-years
Hardly surprising considering the last two government's throwing money away. >>It wiil take more than 3 years to fix that massive damage to our economy.
A good summary, with some forecasts that have not been spoken of by
many - no allowance for natural catastrophes, and the likelihood that
(as happened when Bill English was PM) social investment approach
being more expensive than anticipated, as well as the Cancer drug
promise that has been extensively covered.
That would be the government that kept a lot of employers able to
continue to pay staff during Covid - leading to people still buying
goods, and profits still generating a good level of profits and hence
tax income staying at a level that meant that enough government
borrowing did not increase as much as for most countries - our economy
was among the fastest to recover, and our debt levels remained lower
than most countries relative to GDP. Then there was the spending on
required as a result of the storms and flooding, particularly in the
Gisborne region. Some - time when all that was happening, the credit
rating of our country was assessed at a higher level than previously.
Now we have a government that has borrowed to pay for tax cuts - withTalk is cheap and in your case probably fictitious.
most of those cuts going to a small group of large landlords who have
been assessed as making around a million dollars each from the very >favourable tax treatment now being given to owners of residential
properties - it seems the three clowns don't care about starving other >sectors in need of capital . . . - and now there is talk about the new >governments plans leading to a lower international credit rating for
the extra borrowing they now need to arrange . . .
So what was that "massive damage," Tony?Near bankruptcy - do get some help.
Rich80105 <Rich80105@hotmail.com> wrote: >>https://www.pundit.co.nz/content/the-2024-budget-forecasts-are-gloomy-prognosis-about-the-next-three-years
Hardly surprising considering the last two government's throwing money away. >It wiil take more than 3 years to fix that massive damage to our economy.
A good summary, with some forecasts that have not been spoken of by
many - no allowance for natural catastrophes, and the likelihood that
(as happened when Bill English was PM) social investment approach
being more expensive than anticipated, as well as the Cancer drug
promise that has been extensively covered.
Rich80105 <Rich80105@hotmail.com> wrote:that water was not sold for private profit - now that privatisation is
On Sat, 8 Jun 2024 20:50:47 -0000 (UTC), TonyWhat childishness, the last two governments were profligate, especially the >latter one and you know it.
<lizandtony@orcon.net.nz> wrote:
Rich80105 <Rich80105@hotmail.com> wrote: >>>>https://www.pundit.co.nz/content/the-2024-budget-forecasts-are-gloomy-prognosis-about-the-next-three-years
Hardly surprising considering the last two government's throwing money away. >>>It wiil take more than 3 years to fix that massive damage to our economy.
A good summary, with some forecasts that have not been spoken of by >>>>many - no allowance for natural catastrophes, and the likelihood that >>>>(as happened when Bill English was PM) social investment approach
being more expensive than anticipated, as well as the Cancer drug >>>>promise that has been extensively covered.
The extra borrowing for tax cuts is what is likely to drop New
Zealand's credit rating - and also increase the cost of borrowing
which will further increase the cost of water - oh but there the >>government will just reduce the standards for water quality, won't
they. . . .after all lower standards is what they do . . .
.
This government will not reduce water standards or increase costs but they will
not allow the takeover of water by a minority racist based bunch of greedies. Now you are being silly, the previous government would have ensured
As for credit rating, also resulting from 6 years of overspending.Indeed, the better balanced approach under Grant Robertson resulted in
On Sat, 8 Jun 2024 22:48:10 -0000 (UTC), TonyNo I am not - the last government wanted a minority, based on race, to decide what happens with water.
<lizandtony@orcon.net.nz> wrote:
Rich80105 <Rich80105@hotmail.com> wrote:
On Sat, 8 Jun 2024 20:50:47 -0000 (UTC), TonyWhat childishness, the last two governments were profligate, especially the >>latter one and you know it.
<lizandtony@orcon.net.nz> wrote:
Rich80105 <Rich80105@hotmail.com> wrote: >>>>>https://www.pundit.co.nz/content/the-2024-budget-forecasts-are-gloomy-prognosis-about-the-next-three-yearsThe extra borrowing for tax cuts is what is likely to drop New
Hardly surprising considering the last two government's throwing money away.
A good summary, with some forecasts that have not been spoken of by >>>>>many - no allowance for natural catastrophes, and the likelihood that >>>>>(as happened when Bill English was PM) social investment approach >>>>>being more expensive than anticipated, as well as the Cancer drug >>>>>promise that has been extensively covered.
It wiil take more than 3 years to fix that massive damage to our economy. >>>
Zealand's credit rating - and also increase the cost of borrowing
which will further increase the cost of water - oh but there the >>>government will just reduce the standards for water quality, won't
they. . . .after all lower standards is what they do . . .
.
This government will not reduce water standards or increase costs but they >>will
not allow the takeover of water by a minority racist based bunch of greedies. >Now you are being silly
, the previous government would have ensuredAbuse gone. You rewally are a prize prick Rich.
that water was not sold for private profit - now that privatisation is
being considered, those purchasing shares would of course be a
minority, but to call them
- theyOff topic.
will only be interested in profit - as we have seen with the
electricity companies.
Nope - that is a lie. Everybody but you knows that to be the case. Robertson screwed the people of New Zealand aided and supported by Ardern and her fellow travellers.As for credit rating, also resulting from 6 years of overspending.Indeed, the better balanced approach under Grant Robertson resulted in
the rating being raised - now it may be reduced based on only a short
period of the new government - it will not affect borrowing they may
be undertaking now to pay for the tax cuts, but may affect borrowing
for projects later this year or next year.
Rich80105 <Rich80105@hotmail.com> wrote:No abuse - privatisation is being discussed, and the structures
On Sat, 8 Jun 2024 22:48:10 -0000 (UTC), TonyNo I am not - the last government wanted a minority, based on race, to decide >what happens with water.
<lizandtony@orcon.net.nz> wrote:
Rich80105 <Rich80105@hotmail.com> wrote:Now you are being silly
On Sat, 8 Jun 2024 20:50:47 -0000 (UTC), TonyWhat childishness, the last two governments were profligate, especially the >>>latter one and you know it.
<lizandtony@orcon.net.nz> wrote:
Rich80105 <Rich80105@hotmail.com> wrote: >>>>>>https://www.pundit.co.nz/content/the-2024-budget-forecasts-are-gloomy-prognosis-about-the-next-three-yearsThe extra borrowing for tax cuts is what is likely to drop New >>>>Zealand's credit rating - and also increase the cost of borrowing
Hardly surprising considering the last two government's throwing money away.
A good summary, with some forecasts that have not been spoken of by >>>>>>many - no allowance for natural catastrophes, and the likelihood that >>>>>>(as happened when Bill English was PM) social investment approach >>>>>>being more expensive than anticipated, as well as the Cancer drug >>>>>>promise that has been extensively covered.
It wiil take more than 3 years to fix that massive damage to our economy. >>>>
which will further increase the cost of water - oh but there the >>>>government will just reduce the standards for water quality, won't >>>>they. . . .after all lower standards is what they do . . .
.
This government will not reduce water standards or increase costs but they >>>will
not allow the takeover of water by a minority racist based bunch of greedies.
, the previous government would have ensuredAbuse gone. You rewally are a prize prick Rich.
that water was not sold for private profit - now that privatisation is >>being considered, those purchasing shares would of course be a
minority, but to call them
No, you were talking about racism and I object to that description of- theyOff topic.
will only be interested in profit - as we have seen with the
electricity companies.
"Everybody knows" is not evidence, Tony. About time you backed up your 'reckons' with evidence from a reliable independent source . . . .Nope - that is a lie. Everybody but you knows that to be the case. Robertson >screwed the people of New Zealand aided and supported by Ardern and her fellow >travellers.
As for credit rating, also resulting from 6 years of overspending.Indeed, the better balanced approach under Grant Robertson resulted in
the rating being raised - now it may be reduced based on only a short >>period of the new government - it will not affect borrowing they may
be undertaking now to pay for the tax cuts, but may affect borrowing
for projects later this year or next year.
Rich80105 <Rich80105@hotmail.com> wrote:
On Sat, 8 Jun 2024 20:50:47 -0000 (UTC), Tony
<lizandtony@orcon.net.nz> wrote:
Rich80105 <Rich80105@hotmail.com> wrote: >>>https://www.pundit.co.nz/content/the-2024-budget-forecasts-are-gloomy-prognosis-about-the-next-three-years
Hardly surprising considering the last two government's throwing money away.
A good summary, with some forecasts that have not been spoken of by >>>many - no allowance for natural catastrophes, and the likelihood that >>>(as happened when Bill English was PM) social investment approach
being more expensive than anticipated, as well as the Cancer drug >>>promise that has been extensively covered.
It wiil take more than 3 years to fix that massive damage to our economy.
That would be the government that kept a lot of employers able toNo not that mythical government, the one that very nearly bankrupted this country - the two term labour government recently deceased is the one I referred to.
continue to pay staff during Covid - leading to people still buying
goods, and profits still generating a good level of profits and hence
tax income staying at a level that meant that enough government
borrowing did not increase as much as for most countries - our economy
was among the fastest to recover, and our debt levels remained lower
than most countries relative to GDP. Then there was the spending on >required as a result of the storms and flooding, particularly in the >Gisborne region. Some - time when all that was happening, the credit
rating of our country was assessed at a higher level than previously.
Now we have a government that has borrowed to pay for tax cuts - withTalk is cheap and in your case probably fictitious.
most of those cuts going to a small group of large landlords who have
been assessed as making around a million dollars each from the very >favourable tax treatment now being given to owners of residential >properties - it seems the three clowns don't care about starving other >sectors in need of capital . . . - and now there is talk about the new >governments plans leading to a lower international credit rating for
the extra borrowing they now need to arrange . . .
So what was that "massive damage," Tony?Near bankruptcy - do get some help.
On Sun, 9 Jun 2024 06:35:49 -0000 (UTC), TonyIt was and anybody but you would acknowledge that. You are such an abusive prick that you have no idea how much of a shit you are.
<lizandtony@orcon.net.nz> wrote:
Rich80105 <Rich80105@hotmail.com> wrote:No abuse
On Sat, 8 Jun 2024 22:48:10 -0000 (UTC), TonyNo I am not - the last government wanted a minority, based on race, to decide >>what happens with water.
<lizandtony@orcon.net.nz> wrote:
Rich80105 <Rich80105@hotmail.com> wrote:Now you are being silly
On Sat, 8 Jun 2024 20:50:47 -0000 (UTC), Tony >>>>><lizandtony@orcon.net.nz> wrote:What childishness, the last two governments were profligate, especially the >>>>latter one and you know it.
Rich80105 <Rich80105@hotmail.com> wrote: >>>>>>>https://www.pundit.co.nz/content/the-2024-budget-forecasts-are-gloomy-prognosis-about-the-next-three-yearsThe extra borrowing for tax cuts is what is likely to drop New >>>>>Zealand's credit rating - and also increase the cost of borrowing >>>>>which will further increase the cost of water - oh but there the >>>>>government will just reduce the standards for water quality, won't >>>>>they. . . .after all lower standards is what they do . . .
Hardly surprising considering the last two government's throwing money >>>>>>away.
A good summary, with some forecasts that have not been spoken of by >>>>>>>many - no allowance for natural catastrophes, and the likelihood that >>>>>>>(as happened when Bill English was PM) social investment approach >>>>>>>being more expensive than anticipated, as well as the Cancer drug >>>>>>>promise that has been extensively covered.
It wiil take more than 3 years to fix that massive damage to our economy. >>>>>
.
This government will not reduce water standards or increase costs but they >>>>will
not allow the takeover of water by a minority racist based bunch of >>>>greedies.
, the previous government would have ensuredAbuse gone. You rewally are a prize prick Rich.
that water was not sold for private profit - now that privatisation is >>>being considered, those purchasing shares would of course be a
minority, but to call them
- privatisation is being discussed, and the structuresNo that is what you do. It is racism, period!
proposed by the current government are likely to have higher borrowing
costs than those proposed by the previous government. There will also
be larger problems for those Councils unable to increase rates
sufficiently to pay for new water treatment systems - and qualified
staff will be spread over a greater range of organisations, leading to
higher costs.
No, you were talking about racism and I object to that description of- theyOff topic.
will only be interested in profit - as we have seen with the
electricity companies.
those that subscribe to shares in a privatised company - you are
trying to be deliberately insulting;
be looking for another issue at a low price as National have providedStill off topic.
in previous privatisation - let us hope that ACT insist on a price
that is fairer to current owners.
"Everybody knows" is not evidence, Tony. About time you backed up your >'reckons' with evidence from a reliable independent source . . . .Nope - that is a lie. Everybody but you knows that to be the case. Robertson >>screwed the people of New Zealand aided and supported by Ardern and her >>fellow
As for credit rating, also resulting from 6 years of overspending. >>>Indeed, the better balanced approach under Grant Robertson resulted in >>>the rating being raised - now it may be reduced based on only a short >>>period of the new government - it will not affect borrowing they maybe undertaking now to pay for the tax cuts, but may affect borrowing
for projects later this year or next year.
travellers.
See: >https://www.rnz.co.nz/news/business/447270/banks-credit-ratings-raised-on-back-of-economic-recovery
This was well into the second term of the Labour-led/ Labour
governments.
See also: >https://debtmanagement.treasury.govt.nz/investor-resources/credit-ratings
Immediately after the election we saw: >https://www.rnz.co.nz/news/business/500501/new-zealand-credit-rating-stable-at-aa-despite-change-in-government
Note that at that time they were expecting similar policies from the
new government in terms of credit risk, but noted that ratings for
local authorities were likely to rise:
"However, the picture for local government debt ratings would be more >challenging if the new government proceeded to scrap Affordable Waters
- the policy formerly called Three Waters, he said.
He said New Zealand local councils had high debt levels, which the >Labour-government policy might have helped alleviate.
"The reforms could have been an escape valve for some the debt and now
that National has threatened to repeal the laws, the question for us
is, 'What's next?' "
Foo said council credit ratings would come under pressure if they were
forced to borrow more for water assets."
Then by November there were concerns about local authorities due to
Nationals policies: >https://newsroom.co.nz/2023/11/20/big-rises-in-water-charges-and-council-credit-downgrades/
There has been speculation about the effect of the budget where there
was a $15 billion increase to net debt - of which about $13 bn related
to tax cuts.
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