The Budget - Probably some reasonably smart moves by Cullen. But as one who at this stage of the economic cycle is not really keen on large tax cuts, especially when we have to borrow $3.5 billion (according to today's Sunday Times) to finance them. He seems to have taken John Key by surprise and hasn't left much, if any, room to sensibly manoeuvre. Not that the electorate, as per usual will care - they just seem to look at the money in their hip pocket and things are becoming quite difficult economically.
I see that Key is now starting to hedge his bets on his own tax cuts. The problem is that the electorate has been geared into thinking only about cuts and Cullen has decided to try and win the election because if he had been more responsible, then Labour would be toast (to quote an expression used in the House this week). I wonder what the Budget would have been like if it was the first year of the Parliamentary term. Quite different and much more conservative I would imagine.
Of course the side effect is that interest rates will be held up by the Reserve Bank.
Be some interesting times ahead.
Super 14 - on to the finals as predicted - Crusaders - Waratahs, and I can't see past the Canterbury franchise.
A lot of comment about Macsyna King in the sunday papers. She is one of the worlds low lifes and is probably not improving. It all seems to have started with her 'parents' who were also as bad as her.
