John Banks Talks – Shouldn’t.
Act’s single vote in Parliament may prove crucial to National in passing any legislation needed to enact a deal between the Government and SkyCity, which would see the building of a national convention centre in exchange for the company getting more poker machines in its Auckland casino.
Yes, I Know, the entire country loathes the moron – apart from the sheep rooting racist, sexist, hateful members of our country. But making statements with no support from facts or reasons why you think interest should be added to student loans just shows what an attention seeking mentally challenged joke he is. Nor seemingly possible of change. Idiot sad fuck. And he will get all the contentious National policy through, like the Sky Convention Deal.
In a hard-hitting speech to Act’s annual conference on Saturday – his first as both party member and leader – Mr Banks reconfirmed Act’s policy to incrementally raise the age of entitlement for state-funded superannuation from 65 to 67.
He told the 80 or so party members present that Act’s role was to provide some “reinforcing steel” to persuade National to make the unpopular decisions needed to restore the vital connection between “effort and reward” which had been undermined by Labour administrations.
The requirement for full-time students to pay interest while studying was dropped in 2001, and in 2006 all borrowers remaining in New Zealand were made exempt. The 91,000 borrowers who have since moved overseas – owing a total of about $2.5 billion – accumulate interest on their loans. Their debt accounts for about 20 per cent of the total loan balance of about $12 billion.
“We stand against middle-class welfare … We stand against everybody else being taxed for tertiary graduates to have a free ride.”
Mr Banks also had harsh words for “tin god council bureaucrats” whose “out-of-control” spending and town planning restrictions had put home ownership out of reach of a whole generation of New Zealanders.
He said Act had an “awesome responsibility” in ensuring it returned MPs in numbers at the 2014 election to ensure the centre-right stayed in power.