Thursday, December 8, 2011

Editing Granny

From Granny:
Sir Roger Douglas has departed the political stage again but he may have left another enduring monument in Act's agreement with National this week. A law to cap increases in government spending could prove to be as effective as one of his great legacies of the 1980s, the Reserve Bank's inflation target.
This is ignorant of the facts.

Rodney Hide worked on the Spending Cap (People's Veto) Bill for many years. It was originally named The Taxpayer's Bill of Rights (TABOR for short). 

The earliest commentary I can find on it is from 2007.  It was Hide who introduced the TABOR concept into the 2008 Confidence and Supply agrement with the Nats, which said:
[National agrees to] Support, within six months, the referral of ACT’s Taxpayer Rights Bill to the Finance and Expenditure Committee of Parliament as a government measure with the aim of passing into law a cap on the growth of core Crown expenses.  
Rodney Hide started this process and he and Heather Roy negotiated it into the 2008 C&S agreement.  

John Banks is putting that agreement into effect.

It is hardly a Sir Roger Douglas "enduring monument".  

1 comment:

Anonymous said...

Nick, I note that Roger Douglas put this right also on his FB page. So you can calm down, your BFF Rodney can take the credit.