Slashing WFF and student loans won't rebuild Christchurch
Working for families cuts targeted
Wealthy parents receiving money from Working for Families look set to lose the funding as the Government looks to find financial relief for the Christchurch earthquake.
Finance Minister Bill English yesterday said the Government was looking at what big spending projects could wait as it faced high costs from the quake and a slow economy.
Prime Minister John Key said today that Mr English was looking at all areas of government expenditure, and that cuts to the Working for Families scheme were being considered.
"Both Working for Families and student loans are arguably broad and generous schemes and there may be the opportunity to make alterations to the generosity of those schemes, particularly in families where it reaches into very high income levels and where those people have enjoyed reasonably good tax cuts," Mr Key said.
The Government's desire to slash Interest Free student Loans and Working for families to pay for the Christchurch rebuild is as counter productive as a Charlie Sheen guide to family counseling or a Colonel Gaddafi Human Rights festival.
Interest free student loans are interest free if the student stays in NZ, we bitch all the way to the bank about NZ graduates leaving NZ, interest free loans are our one method of keeping them and the slashing of Working for families for the rich is an illusion. Back in 2008 Bill English himself said that those receiving working for families on over $100 000 were costing $1.1million. Coming up with $1.1million when you are looking for $5 billion is like Charlie Sheen offering not to smoke Crack at the Breakfast table as a viable 12 step program to sobriety.
The Government are looking for excuses to slash public welfare, they are not coming up with solutions to rebuild Christchurch.