Finally: A Credible Economic Plan

20 October 2008 12:20:00

With chill economic winds blowing and all the mainstream political parties either unaware that the global economy has changed while they’ve been out campaigning, or abjectly clueless what to do about it, Libertarianz finance spokesman J Darby released the only credible plan to confront both galloping government deficits and collapsing financial markets.

“I call it the Don’t-Spend-So-Goddamned-Much Plan,” he says.

Responsible political parties would know that every cut in taxes must be accompanied by corresponding cuts in government spending – “Hence the Libertarianz Don’t-Spend-So-Goddamned-Much Plan,” he says. And responsible parties know too that when the economy tanks, that government receipts go down – “Hence the urgency of the Libertarianz Don’t-Spend-So-Goddamned-Much Plan.”

“This has to be the first and most important step in a responsible ‘economic plan’ at such a time,” says Darby.  ”Tax cuts are not credible and genuine recovery is not possible as long as government keeps competing for capital with profit-making businessmen.”

“Stop spending so goddamn much,” says Darby, “and you’ll still have enough to abolish GST, make the first $50,000 of income tax-free, and leave New Zealand’s economy robust enough to confront whatever the world’s central bankers throw at us.  Then the much-needed market corrections can happen as rapidly as they need to, without being prolonged by government meddling or competing for essential capital with the entrepreneurs who will grow us out of danger.”

Instead of sitting at the bottom of the world like a possum in the headlights as we face the collapse of the housing bubble, a serious credit crunch and signs of an imminent inflationary depression – none of which the major parties give any sign they’ve even noticed – Darby maintains the responsible answer at such a time is to urgently work towards a policy of sound money and a permanent end to deficit spending.

As a matter of urgency, governments need to cut the fat – and there’s plenty of it in Helengrad just waiting to be cut to the bone.  Here’s just a start of the boondoggles to be axed in the Libertarianz Stop-Spending-So-Goddamned-Much Plan:

  • Cindy Kiro’s Office for the Children’s Commissioner
  • Peter Dunne’s Families Commission
  • Paula Rebstock’s Commerce Commission
  • David Lange’s Ministry for Women’s Affairs
  • Jim Anderton’s Ministry of Economic Development
  • The Ministry of Pacific Island Affairs
  • The Ministry for Maori AffairsThe Race Relations Conciliator
  • The Ministry of Youth Development
  • Alcohol Advisory Council of New Zealand
  • Action on Smoking Hysterics
  • Asia New Zealand Foundation
  • Electricity Commission
  • Energy Efficiency & Conservation Authority
  • The National Advisory Council on the Employment of Women
  • The Department of Labour

“That’s just a few of the bureaucratic sacred cows that any responsible political party should have in their sights at such a time,” concludes Darby.

“It’s enough to make you vote Libertarianz!”

This is the first part of the ambitious Libertarianz economic plan.  The second part, by party leader Bernard Darnton, is available here.

For further information please contact:
J Darby
Libertarianz Finance Spokesman
021 305199

Libertarianz – More Freedom, Less Government
www.lp.org.nz


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