Budget 09 – an opportunity lost

by Jake Quinn

To raise the age of national superannuation entitlement from 65 to 67. Like Australia are gonna do.  We are living longer. We can retire older too can’t we? That debate has now been kicked for touch (to the next election?).

Keith Ng does the numbers on how and where National are cutting future debt:  “how has National managed to reduce future debt? By cutting a f**kload of future government spending”. So, while this budget hasn’t slashed public spending as much as some might have expected, the future isn’t looking too rosy.

Details of cuts (total appropriation in 09 compared to 08) are here.

Quote of the Day goes to Phil Goff: “Standard but Poor National Party Budget” which is slightly cleverer than “Credit Card Opposition and Visanomics” from John Key.