Quote:
Originally Posted by crazy_eoj
Actually, Ralph used most of the resource revenues to pay for previous overspending and wasteful governments who accumulated massive debts on top of using all the resource revenues for program spending (Sounds familiar? It should).
In hindsight, it was extremely responsible to pay off the debts and allow future revenues to be used for something other than debt servicing.
It's incredibly unfortunate that since Ralph left us a legacy of no debt and billions in savings that the PC's have taken us right back to where we started before his tenure as premier with even more wasteful spending and debt financing.
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Was it responsible to pay off all the debt and then decrease taxes so that we were reliant on resource revenue as our sole funding as well? That seems like an enormous mistake in hindsight.