Jeanette’s budget speech

by frog

Jeanette followed on from a number of convoluted speeches full of numbers, figures and backslapping about tax cuts.

We are living in a moment in history, in a generation where the people who have the power have a clear choice. Either they face inconvenient truths that are so obvious around us, or they leave it to their grandchildren to face those truths, when it may be too late. But the one thing that gets this Parliament excited, is tax cuts.

We are bumping up against the limits of growth. The atmosphere will only absorb so much carbon. There is a finite number of fish in the sea. The planet has only so much freshwater and only so much oil. Unless we recognise all this we are only going to create, budget to budget, problems for our grandchildren and for our world. Those environmental limits are already feeding inflation in a way that just playing with the OCR is not able to control. We have to recognise that the environment is the economy, and that resource limits are driving our spiral of high inflation, high interest costs, high exchange rates, which again raise the cost of imported resources. Oil water and climate limits are driving food prices – up 28% in a year for a basket of staples the Herald tells us – which in turn are driving poverty. Only addressing the problem at its cause will enable us to get monetary policy under control. But Parliament can only see tax cuts…

The whole speech is here.

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Published in Economy, Work, & Welfare | Environment & Resource Management | Parliament by frog on Thu, May 22nd, 2008   

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