Opinion
National Has Become Labour With Better Slogans


Published by Duncan Garner
25 May 2026
New Zealand is broke, but we keep acting rich.
That is the uncomfortable truth sitting behind this week’s Budget. Not the spin, not the staged restraint, not the tidy little lines about reprioritisation. The truth is uglier. We are spending money we do not have, borrowing more to keep the machine humming, and pretending this is discipline because the people doing it wear blue ties instead of red ones.
National campaigned like it understood the problem. It talked tough. It mocked Labour’s spending addiction. Chris Bishop once said Grant Robertson was “utterly addicted to spending”. He was right. But here we are, years later, and National is spending more than Robertson did. Much more.
That is not fiscal discipline. That is hypocrisy with a press release.
The Government will say it has cut here and trimmed there. Fine. But it has not changed the structure. It has not confronted the monster. It has shifted money around, banked a few savings, found new places to spend, and left the public with the same giant state and an even bigger bill.
The deeper problem is that New Zealand has built a country where everyone has a hand out and nobody wants their hand slapped away.
Super goes to wealthy people who do not need it. Childcare subsidies go to families earning good money. Working for Families props up household budgets. Main benefits support hundreds of thousands. Arts projects, media schemes, cultural grants, festivals, consultants, public agencies, local government empires, public sector farewells, endless programmes with lovely names and soft language. All of it funded by taxpayers, and increasingly by debt.
And still we tell ourselves the next dollar is the one that matters most.
This is where politicians go weak. They know almost every sector now depends on government money. They know every cut creates a victim, a headline, a lobby group, a moral panic. So they nibble around the edges and call it courage.
It is not courage.
Courage would be asking why asset-rich retirees get universal super while young people drown in rent and tax. Courage would be asking why wealthy parents need subsidised childcare. Courage would be asking why we borrow money to fund nice-to-have cultural projects while debt servicing costs swallow billions that could have gone into hospitals, classrooms, or roads.
And spare me the lazy response that questioning this means you hate culture, hate families, hate pensioners, hate the poor. That is the oldest trick in Wellington. Turn every spending question into a morality test, then hope nobody notices the overdraft.
The issue is not whether these things are worthy. Many are. The issue is whether the Government should fund all of them when it is already living beyond its means.
Because borrowed money is not free money. It is just tomorrow’s tax bill wearing today’s smile.
The worst part is that the people who will pay hardest are the people with the least power now. Young New Zealanders already locked out of housing, already paying high rents, already staring at a future where two workers will support one retiree. They are being asked to fund a system designed by older voters, protected by nervous politicians, and defended by every interest group in the country.
That is not fairness. That is generational theft.
National had a chance to be honest. It could have said the state is too big, the promises are too expensive, and some sacred cows need to be led out of the paddock. Instead it chose caution, slogans, and the usual Wellington shuffle.
So let’s stop pretending this Budget is about restraint.
It is about a country addicted to government money and a Government too frightened to stage the intervention.
Listen to the full episode below

Published by Duncan Garner
25 May 2026