Here is a rejigged cartoon I did awhile back - nothing much has changed since National took power. As a country, we have been spending more than we earn and National has been borrowing to pay for reducing taxes for the rich, impoverishing low income earners and creating the appearance of prosperity. But as Greece discovered, debt is debt and so we and the coming generations are unnecessarily being saddled with the burden. To see what I mean, check out this link - http://www.nationaldebtclocks.org/debtclock/newzealand - if true, Kiwis owe over $19,000 per head and rising.
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