Why default is inevitable under our current fiscal trajectory

The article argues that New Zealand is heading towards a credit default due to its unsustainable fiscal policies. The author, Damien Grant, uses a personal anecdote to highlight how ignoring financial responsibilities eventually catches up, symbolizing the government's neglect of budget management. This looming default could have severe implications, affecting everything from international investor confidence to the nation's credit rating, which could result in higher borrowing costs and economic instability. The urgency of this situation underscores the need for immediate, decisive action to address fiscal mismanagement.