Peachey Allan: General Debate 
Peachey Allan: General Debate 
[Volume:640;Page:10262] 
ALLAN PEACHEY (National—Tamaki) 
: 
 As I look across the House I see—and it is there for all to see—the remnants of failed socialism. There are a dozen members with bull’s-eyes on their foreheads waiting for their leader to come and say goodbye. And that group represents itself as a Government worthy of governing this country. 
Jill Pettis 
: Listen sunshine that socialism kept you in jobs for years. 
ALLAN PEACHEY 
: I invite the former member for Whanganui to perhaps listen and screech a little less because one of the foreheads that has a bull’s-eye on it is clearly hers. You know when those members are over there amongst themselves they talk in highfalutin terms about being democratic socialists. Do they not realise that in many quarters the term “democratic socialist” is actually a euphemism for Stalinist? I myself prefer to call it stupidity. Let me tell the House about the impact of the stupidity of that Government of the behaviour of Labour members and of their ideology on the lives of ordinary New Zealand families. The impact of the policies of that Government has brought home to New Zealanders the reality of the relationship that exists between low-level poor-quality excessive Government expenditure and rising interest rates. 
New Zealand family after New Zealand family is paying a double price because of the behaviour of that Government. Firstly families are paying far higher taxes than they need to pay and secondly their after-tax income is being ripped apart by high mortgage interest rates which are the direct result of low-quality low-level excessive Government spending. I say to the families of New Zealand like my own family who have mortgages and who are experiencing rising interest rates that the next time that letter comes from the bank they should not bad-mouth the bank. They should look at how much their interest rate has gone up and say to themselves that that has happened because of the behaviour of those socialist politicians in Wellington who think that all they have to do is to tax and spend without responsibility and everything will be all right in the world. That is why people’s interest rates are going up. 
Is it right—can it ever be right—that an increasing number of New Zealanders are being excluded from homeownership as a result of the wasteful expenditure of a Government? Is that right? It is there for everybody to see. The Reserve Bank and Treasury are both warning the Government of the consequences of increasing low-quality spending. But those Government members over there would rather see ordinary New Zealanders be punished while they spend needlessly and endlessly instead of applying a little bit of common sense. Over 8 years hundreds of millions of dollars have been squandered in what the Prime Minister calls “improving the capability of the public sector”. The only impact of that wasteful expenditure has been to enable the State to frustrate and strangle the individual initiative and sense of self-responsibility of decent hard-working New Zealanders. 
Darren Hughes 
: All those wasteful nurses. 
ALLAN PEACHEY 
: I suggest that the junior Government whip—after the next election when he has been defeated by Nathan Guy—sits back and reflects on some of the stupid things he has been saying in this House.