One of the perils of being a third-term Prime Minister is that you run out of buzzwords and have to start recycling the old ones. It seems that like hats, the fashion in buzzwords is cyclical. This time the buzzword in question is "optionality".
Prime Minister John Key is not one to use a plain word, like oh, say, "options", when a more intelligent-sounding word (read: jargon) might fit, like optionality.
The last time he used it was in early 2013 to refer to measures for dealing with mass arrivals of asylum seekers. Then it vanished from his lexicon, apparently becoming outre. Then it came back in. At the end of last year up it popped again to discuss the timing of funding for the City Rail Link.
At that point, the Government was not proposing to plump up with its funding until 2020. But there is always an asterisk involved and he added "there's a bit of optionality to go a bit sooner, let's see how it goes". He cashed in on that optionality in his State of the Nation address yesterday, bringing the funding forward by two years.
It is the season for State of the Nation addresses, although all up the speeches inevitably turned out to be State of a Subset of the Nation addresses. The only one left is Labour leader Andrew Little's this Sunday. Little is showing off his wild side. He has taken two risks by having it at Mt Albert Park and opening it to the public. There is the risk of sabotage by political opponents and rain.