Economists applaud the financial state of New Zealand, noting there is room to cut taxes and/or increase spending. John Maynard Keynes did foresee more emphasis in the economy on current gratification - jam today, instead of always jam tomorrow - more personal debt rather than increased savings. Election campaigns are focused on the perhaps jam tomorrow. Every administration will promise something tomorrow, if we vote for them today. There is without question money to spend, but paying down debt - like anyone with personal debt - must remain a priority.

Source: Otago Daily Times August 25, 2017 18:11 UTC