November 27, 2009

Beehive - Budget spending jumps 45 per cent in five years

Bill English has quoted Treasury papers Beehive - Budget spending jumps 45 per cent in five years to show that government spending has grown massively during the last few years. Government spending cannot keep growing inexorably - without a corresponding increase in revenues. There re only two ways to deal with this - either raise taxes or cut spending. The optimal answer is probably a combination of both and the sooner the better.

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