This morning, John Key tried to reassure people that his bribes to the rich privatisation-bonus scheme wouldn't cost that much. It turns out he was talking out of his arse. Here's what he told Parliament this afternoon:
David Shearer: Did he announce the loyalty scheme to the National Party conference without being aware of the cost?That's right: the government is planning to bribe the rich, without even any idea of how much it will cost. So much for "fiscal responsibility".
Rt Hon JOHN KEY: I announced the intention to have a loyalty scheme. I do not know the exact cost at this point, but what I do know is that there may be no cost.