How much did Bill English's decision to cut contributions to the Cullen Fund cost us? $23.5 billion by 2031. Keith Ng has the details here.
As he points out, this is not the sort of thing you do for fun. The government needs to come clean and explain exactly why they have just impoverished this nation and imperilled the future of our universal superannuation scheme. And they'd better have a bloody good reason for it. Simply muttering about how it makes no sense to borrow to save isn't enough, when the numbers clearly show otherwise.
Meanwhile, if this is National's idea of "strong economic management", then its the same sort which has seen banks go bust due to too many Enron games - and the sort we as a country can do without.
