05-12-2023, 10:42 PM
Its the amount of Debt the Labor govt racked up thats the scary thing.
Im not saying National is any better.
They just wont spend & will let everything go to ruin, hospitals, police , fire depts etc .
Im sure alot of labors spend was trying to fix issues caused by the previous nat govt not spending where it was really needed (and all the covid payouts)
Add to that local Councils completely out of control debt.
Most mayors promise to control spending & limit rate rises , then cant or wont & just keep spend $$ they dont have.
Ak Council debt is so out of control they will NEVER be able to pay it off , yet they cant stop spending more than they have.
Every Ak ratepayer is liable for $17,000 each, to cover the council debt. Ratepayers are liable for council debt :-(
"Auckland Council has the highest net debt as a percentage of rates income at 525%"
Yep, lets built another Ak stadium and some more rail tunnels .
Im not saying National is any better.
They just wont spend & will let everything go to ruin, hospitals, police , fire depts etc .
Im sure alot of labors spend was trying to fix issues caused by the previous nat govt not spending where it was really needed (and all the covid payouts)
Add to that local Councils completely out of control debt.
Most mayors promise to control spending & limit rate rises , then cant or wont & just keep spend $$ they dont have.
Ak Council debt is so out of control they will NEVER be able to pay it off , yet they cant stop spending more than they have.
Every Ak ratepayer is liable for $17,000 each, to cover the council debt. Ratepayers are liable for council debt :-(
"Auckland Council has the highest net debt as a percentage of rates income at 525%"
Yep, lets built another Ak stadium and some more rail tunnels .