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  "description": "10 News Stories They Chose Not to Tell You",
  "path": "/your-daily-ten-10-2026-097/",
  "publishedAt": "2026-06-01T22:00:04.000Z",
  "site": "https://goodoil.news",
  "tags": [
    "Read More",
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  "textContent": "**This is edition 2026/097 of the _Ten@10_ newsletter.**\n\nHi all,\n\nThis is the Ten@10, where I collate and summarise ten news items you generally won't see in the mainstream media.\n\nEnjoy!\n\n* * *\n\n## 1. Long-term pain or long-term wait?\n\n_Bryce Edwards_\n\n  * 🔵 National's election billboards frame the choice as **\"long-term pain under Labour or a long-term plan under National\"** , but critics say Budget 2026 delivers neither.\n  * 💰 Finance Minister **Nicola Willis resisted election-year spending** , delivering no tax cuts, no household handouts, and no headline giveaways in an election year.\n  * 🏛️ The Budget's core function was described by the 1News team as **\"keeping the lights on\"** — catch-up spending on hospitals, schools, roads, police and defence.\n  * 💰 Willis set aside a **contingency of around $450 million** in case the fuel crisis deteriorates further.\n  * 📊 The headline surplus forecast is **$2.6 billion in 2028/29** , pulled forward by one year, calculated on the Government's preferred OBEGAL-x measure.\n  * ⚠️ On the traditional measure, the books balance **a full year later** , prompting Vernon Small to label the approach \"measurement cherry-picking\".\n  * 📈 Fuel-driven inflation is simultaneously treated as a **temporary shock and used to inflate the nominal tax take** that helps the surplus forecast.\n  * 🔍 Some projected savings depend on, in Pattrick **Smellie's words, \"heroic assumptions\" about AI productivity gains** that have not yet materialised.\n  * 📉 **Treasury itself rates the chance of reaching an OBEGAL surplus at no better than even** over the forecast period.\n  * 📰 Business writer Smellie and left-leaning Spinoff writer Joel **MacManus both concluded the Budget does nothing for New Zealand's \"national malaise\"**.\n  * 🔥 Former National communications hand Janet Wilson said the Budget amounted to **\"the can being kicked down the road. Again.\"**\n  * 📊 MacManus pointed to a buried Treasury graph showing **the economic boom Treasury keeps forecasting and the flat line the economy keeps delivering**.\n  * ⚖️ Even Budget defender Liam **Hehir's case rests on a forecast rather than a plan** , arguing voters need to believe the Government has \"found the road\".\n  * 🏛️ The article argues the Government's position is a **\"long-term wait\" rather than a long-term plan** , with recovery perpetually promised but not delivered.\n\n\n\nRead More\n\n### This post is for subscribers only\n\nBecome a member to get access to all content\n\nSubscribe now",
  "title": "Your Daily Ten@10 - 2026/097",
  "updatedAt": "2026-06-01T22:00:03.846Z"
}