Parker DavidHon DAVID PARKER (Labour): Sadly every one of those dollars being paid out in tax cuts is borrowed. I recently read a book titled Everything is possible nothing is real. It's about Russia and the lies and disinformation that abound there. But sadly in this post-truth world that sort of thing's happening in the United Kingdom under Johnson and in the USA under Trump. New Zealand politics has never been perfect but until now we have avoided the extremes that we've seen overseas. But the media reported it now that we're on that slide in New Zealand because we're told as we were by that last speaker Nancy Lu everything is possible but in truth nothing is real. National said anything to get elected. They made false promises. Kids could have everything they had under Labour plus more. They said debt was too high. They claimed the post-COVID deficit that peaked at 2.75 percent was massive and they fixed it. But instead they've increased the deficit by billions. And the biggest porky we hear is that they're not borrowing for tax cuts.So what do the commentators say? Matthew Hooton former adviser to the National Party: Nicola Willis will need to borrow $28.7 billion cash over her first four full financial years as Finance Minister." That's up 22.2 percent from the $6.5 billion forecast at the half-yearly fiscal update. Over the same four years tax cuts will cost $14.7 billion. The numbers don't lie. There's no doubt she's borrowing for tax cuts and then a bit more. Shamubeel Eaqub: "This increase in borrowing chooses to rack up debt for future generations to give tax cuts now." They don't like him on the other side. What about Cameron Bagrie: "They're borrowing because they've got a mismatch between expenditure and revenue and tax cuts give you less income. It's not hard maths to work out." Former Reserve Bank economist Michael Reddell: "It's not time for tax cuts." But under National: no no no no. Everything is possible but nothing's real. It's the same old National Party trick: cut revenue increase the deficit in Government debt then use both to justify cuts to health and housing and other services. Strangle the economy.This week Judith Collins and I the only two survivors from the 2002 intake—we've been here 22 years. I've been here for 22 Budgets 11 surpluses under—sorry 13 years of Labour and nine of National. Under Labour: 11 surpluses and four deficits. Under National while I've been here: two surpluses and seven deficits. Excluding the COVID peak the largest deficit we ever ran was 2.7 percent. This crowd have upped it to 3.1 percent. It's probably going to be worse. Everything's possible nothing's real.It's the same in health. They said it was a shambles and they'd fix it. They promised more cancer drugs. They got slammed for not doing it in the Budget so they borrowed more money then poked it out after the Budget. They complained about a lack of nurses and now they've put a ban on employing more nurses. Everything is possible nothing is true.They said you could have lower petrol taxes but more roads. They voted for the zero carbon Act. Megan Woods has covered that. They pretend to reduce emissions and then they reversed the policies needed to achieve it. The number of internal combustion cars coming into the country's doubled. Environmental and economic vandalism! Everything is possible nothing's real.And then to add insult to injury they say that's why we need fast track. We know that the Labour Party fast track worked sped up the process consented wind and solar. It didn't override the Resource Management Act the Conservation Act or the Wildlife Act and it didn't allow Ministers to override conditions introducing the risk of corruption.The media aren't stupid. Bernard Hickey this week: "'Going for housing growth' means stopping building." Everything is possible nothing is real. Fourteen layers of bureaucracy at Health New Zealand? Rubbish! Not borrowing for tax cuts? Rubbish! Christopher Luxon giving his tax cut to charity having claimed his accommodation benefit for his house here at $50000 a year rather than living at Government House? More spin. Kiwis know the gesture was hollow.What about child poverty reduction? Well it's the Olympics so what are the cartoonists saying? "Next up Louise Upton champion of child poverty reduction. Here she is at the child poverty high jump. Let's see how she does it. She lowers the bar. Cracked it." Everything's possible but nothing is real under this Government."