“They can't promise anything because I've spent it all.”

Supplementary source: Brian Easton, The State Of The Nation - Issues for the 2005 Election, 12 July 2005, http://www.scoop.co.nz/stories/HL0507/S00170.htm, which confirms that Peters was talking about Muldoon.
Source: Winston Peters, Questions for Oral Answer, 20 May 2004, http://web.archive.org/web/20130210043212/http://www.parliament.nz/NR/rdonlyres/2430AC6B-8B63-4AB9-A0C2-7CF38DD8E5BB/89283/47HansD_20040522.pdf page=13131
Context: On the opposition Labour Party's 1972 election promises.

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Prime Minister of New Zealand, politician 1921–1992

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