tag:blogger.com,1999:blog-2830084253401570472.post3031341601671504051..comments2024-03-28T09:22:36.967+13:00Comments on Offsetting Behaviour: Budget 2011Eric Cramptonhttp://www.blogger.com/profile/15831696523324469713noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2830084253401570472.post-34460387820403015342011-05-20T15:50:49.422+12:002011-05-20T15:50:49.422+12:00@Peteremcc: I'd be surprised if many folks bou...@Peteremcc: I'd be surprised if many folks bought the bonds if they weren't indexed; I just didn't see it in the docs.<br /><br />@Anon: My expectations were low. They met my expectations. I get more shouty when things are worse than I expected.Eric Cramptonhttps://www.blogger.com/profile/15831696523324469713noreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-88976220534689284592011-05-20T08:08:38.698+12:002011-05-20T08:08:38.698+12:00Come on - it's hard to see this as anything ot...Come on - it's hard to see this as anything other than the <b>worst budget in NZ's history</b><br /><br />As even Public Address said: a $16bn black hole this year, presaging a rapid slide into a financial abyss.<br /><br />http://publicaddress.net/onpoint/budget-2011-a-credible-path-to-a-point-in/<br /><br />There are no real or substantial cuts to public expenditures; no cuts to benefits; no real attempts to tackle unsustainable welfare, super, health and education spending; and growth and revenue predictions that have no basis in the actual performance of the economy of the last 5 years.<br /><br />Ireland & Portugal, here we come!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-32884079713227588842011-05-20T01:55:07.300+12:002011-05-20T01:55:07.300+12:00I think they might have said something about the b...I think they might have said something about the bonds being inflation indexed.peteremcchttps://www.blogger.com/profile/02675527971846060507noreply@blogger.com