The problem with debt is that it is not used like LGNZ described. It is used to shift the burden down to the next batch of elected officials and to our children. This is done without enough public consultation. My view is that there isn’t enough long-term accountability, and we need some sort of meaningful cap on rates rises; with exceptions for emergencies of course.

Isn’t debt the alternative to rates rises? You can keep rates lower by borrowing more and passing the cost on to future rate payers. Rates caps doesn’t seem like the answer to too much debt. Why not debt ratio limits?

Have you read any Karl Popper?

I haven’t. Is there something in particular I should take a look at?