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Thread ID: 93931	2008-10-07 03:52:00	Financial Deficit	Happy Harry (321)	PC World Chat

Post ID	Timestamp	Content	User
710267	2008-10-07 03:52:00	:angry After seeing the news on TV last night, I can not understand where the money has gone. Six months ago, we were told by Cullen we had a $2.4 billion surplus that has now, magically turned into a $5.4 billion deficit??? We are not talking about shares on which the value has dropped but actual money/taxes/income that has gone!! How can this be?? Even if I was a bad gambler, I can't see how I could lose my house, the neighbours’, on either sides, houses or the garage and spa pool of the neighbour over the road. Am I being cynical in thinking that the current government has seen all the polls showing that they are likely to lose, and so spent up large to hobble the next lot to get in? If they have done that it is bad, but not as bad as if they have being lying for the last 12 months about the surplus. Either way, I have now made up my mind that Labour will not getting either of my votes. The down side is of course, who ever gets in next, isn't going to have any money to play with. The cunning bastards!!	Happy Harry (321)
710268	2008-10-07 03:55:00	Maybe they saw the writing on the wall and all brought silky boxers?	pine-o-cleen (2955)
710269	2008-10-07 03:59:00	Yes, I agree with you. That is a 7 billion dollar turn around in six months. We really need an explanation of how that has happened ! !	Digby (677)
710270	2008-10-07 04:05:00	Where the money has gone to? Criminals in prisons in the shape of medical treatments that many citizens are on the waiting list for, free food that many hard-working people struggle to buy, entertainment systems that many parents wish they could buy for their kids, and legal costs that their victims have to sell their lives for to keep these ****ers in their haven. PLUS, pricks who get six-figure salaries for handing out benefits to SO many criminals and gang members, the big salaries that so many fatass MPs talk rubbish in parliament to get, and other useless pricks who don't do their jobs well but get big money anyway. PLUS solo fathers/mothers or couples who either don't understand condoms exist or breed similarly useless little pricks so the other prick who hands out the benefit will give them money for breeding more pricks. And of course, who suffers? REAL people who GENUINELY needs benefit money, and taxpayers in general. You and I.	qazwsxokmijn (102)
710271	2008-10-07 04:15:00	...And of course, who suffers? REAL people who GENUINELY needs benefit money, and taxpayers in general. You and I. I don't necessarily disagree with anything you said here, but you might be a little less angry if you accept what Robert Heinlein has already discovered to be true is what you allude to here: "Taxes are not levied for the benefit of the taxed"	johcar (6283)
710272	2008-10-07 06:26:00	Yes, I agree with you. That is a 7 billion dollar turn around in six months. We really need an explanation of how that has happened ! ! Tax cuts aren't cheap you know. We've also started spending nearly $700m on Foreign Affairs to expand the number of embassies that we have along with the fact that Govt. may also start putting more money into the Super Fund. Add to that the cost of KiwiSaver and more credits for working in Families and the money will be gone in not time.	beeswax34 (63)
710273	2008-10-07 19:22:00	:angry After seeing the news on TV last night, I can not understand where the money has gone . A deficit represents money the country has to borrow overseas to pay for imports and to finance investments that are not covered by our own savings . The price dairy farmers are getting for milk now has dropped a lot . We don't export much, just produce basically, and we import a LOT .	pctek (84)
710274	2008-10-07 19:38:00	OK, I hate defending those idiots in power now, but I do not believe apples are being compared with apples . The accounting and cash deficit/surplus is not the same thing . The accounting surplus is like you receiving your income and paying your bills . It also includes depreciation on your car and furniture . The cash surplus does not include depreciation, but does include the replacement cost for the new car and furniture . Now, as John Key says, how many people buy all their assets from current year income? Most people borrow for their house and car .	wotz (335)
710275	2008-10-07 20:42:00	:angry After seeing the news on TV last night, I can not understand where the money has gone. Six months ago, we were told by Cullen we had a $2.4 billion surplus that has now, magically turned into a $5.4 billion deficit??? We are not talking about shares on which the value has dropped but actual money/taxes/income that has gone!! How can this be?? Even if I was a bad gambler, I can't see how I could lose my house, the neighbours’, on either sides, houses or the garage and spa pool of the neighbour over the road. Am I being cynical in thinking that the current government has seen all the polls showing that they are likely to lose, and so spent up large to hobble the next lot to get in? If they have done that it is bad, but not as bad as if they have being lying for the last 12 months about the surplus. Either way, I have now made up my mind that Labour will not getting either of my votes. The down side is of course, who ever gets in next, isn't going to have any money to play with. The cunning bastards!! Duh, if you couldnt see Cullen doing that.........the guy is the biggest A**hole in NZ, the condesending arrogant c**t! However you are right, I want to know also what he has done with the money, no tax cuts in 9 yrs, 1 of the highest taxed countries with surpluses for how many yrs?	SolMiester (139)
710276	2008-10-07 20:57:00	A deficit represents money the country has to borrow overseas to pay for imports and to finance investments that are not covered by our own savings . The price dairy farmers are getting for milk now has dropped a lot . We don't export much, just produce basically, and we import a LOT . PCTEK ! You are confusing 2 different subjects . We are talking about the governments debt . You are talking about private debt . Our private debt is horrendous !	Digby (677)
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