Originally Posted by
elZorro
Sorry, have a look at the actual real data and show me where Labour "ran down" budget surpluses, Iceman. They trended down a bit from a massive peak, they must have done at least twice as well as National did over their three terms beforehand, and they never went negative. National, on the other hand, had a massive dip into negative territory after they took over. They've been extremely lucky that interest rates internationally are so low, but even then, the interest the crown now have to pay on about $100,000mill of loans is about $3000mill, the size of a good budget surplus, which of course they're not posting. Those loans have to be repaid sometime, preferably soon.
If we judged a government on the ability to repay old debts and not just "borrow and hope" like Muldoon did, then this govt of yours gets an E, and Labour gets an A+ for their efforts.