What extreme ignorance and arrogance of the Nelson City council to claim that the public do not understand basic economics and budgeting.
This council claim that they have some sort of god given insight into economics, that mere mortals are not privvy to.
They state that the public cannot apply sound domestic economic fundamentals to council budgeting, and that only they have the ability to perform that sort of black magic.
What a load of old bull chips. This council is made up of lay people that put their pants on one leg at a time, like the rest of us, and no degrees in economics are listed among their ranks.
So what council induction course did they attend that gave them that mystic black knowledge.
Economists throughout history have compared running national and corporate economies with running domestic economies. They have stated time and again that the budgetary principles and skill sets are exactly the same.
Some even say that household economists have a far greater challenge because they do not have the luxury of being able to fall back onto draconian powers of force to take money from other peoples pockets to balance their budget.
The domestic economist also understands the universal truth that one must live within their means, and their budget, and unlike this council, they also fully understand the deadly consequences that will occur if they stop paying their bills.
Stopping payment on council bills will bequeath a terrible legacy upon ratepayers. The bill collector and the bailiff will eventually come knocking, demanding payment.
About Me
- pinocchio
- This blogspot is born out of a deep democratic concern about the continual political spin and the outright manipulation and suppression of information by local government and local media. In my view that rampant disinformation has become so extreme that it can only be considered grossly deceptive. This blogspot attempts to provide some balancing transparency to that situation. Hopefully it might even help keep the "buggers" honest.