Quote:
Originally Posted by Cowboy89
$8 Bill a year is probably the amount that spending increased over the past 5 years. Bottom line, don't spend like drunken sailors when times are good, because boom times are inevitably followed by bad times. The big problem now is that going back on spending now would probably increase unemployment and hurt the economy.
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The unemployment rate in Alberta has already almost doubled since last year, standing now at 7.2%. Still better than Ontario's 9.3%, but if the government proceeds with large scale cuts, we will very quickly be neck-in-neck with Ontario or worse.