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  • Now we know the figure

    From Gordon@21:1/5 to All on Fri Aug 8 07:50:04 2025
    https://archive.ph/2uIuc

    During Covid the previous Labour Government spent an estimated $66 Billion dollars, or 20.4% of the country's GDP. It sure does explain why the economy
    is not powering along quite yet.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Tony@21:1/5 to Gordon on Fri Aug 8 08:18:57 2025
    Gordon <Gordon@leaf.net.nz> wrote:
    https://archive.ph/2uIuc

    During Covid the previous Labour Government spent an estimated $66 Billion >dollars, or 20.4% of the country's GDP. It sure does explain why the economy >is not powering along quite yet.
    And Treasury is not impressed, apparently they implored the then government to stop the squandering, but were ignored.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Crash@21:1/5 to lizandtony@orcon.net.nz on Sat Aug 9 11:22:03 2025
    On Fri, 8 Aug 2025 08:18:57 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Gordon <Gordon@leaf.net.nz> wrote:
    https://archive.ph/2uIuc

    During Covid the previous Labour Government spent an estimated $66 Billion >>dollars, or 20.4% of the country's GDP. It sure does explain why the economy >>is not powering along quite yet.
    And Treasury is not impressed, apparently they implored the then government to >stop the squandering, but were ignored.

    It also demonstrates why we need to prioritise the reduction of
    Government debt. While that money has been spent, it was debt-funded
    and the interest cost is still there and not going away.


    --
    Crash McBash

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Tony@21:1/5 to Crash on Sat Aug 9 00:41:54 2025
    Crash <nogood@dontbother.invalid> wrote:
    On Fri, 8 Aug 2025 08:18:57 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Gordon <Gordon@leaf.net.nz> wrote:
    https://archive.ph/2uIuc

    During Covid the previous Labour Government spent an estimated $66 Billion >>>dollars, or 20.4% of the country's GDP. It sure does explain why the economy >>>is not powering along quite yet.
    And Treasury is not impressed, apparently they implored the then government >>to
    stop the squandering, but were ignored.

    It also demonstrates why we need to prioritise the reduction of
    Government debt. While that money has been spent, it was debt-funded
    and the interest cost is still there and not going away.


    --
    Crash McBash
    Absolutely. They didn't ask me if I was prepared to accept that debt.
    Once elected, they were unstoppable until the reckoning in October 2023.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)