Quote:
Originally Posted by Slava
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.
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It was a mistake only because the government cut back on its revenue but not its willingness to spend.
The government had a grand old time pleasing everyone at the same time. Look we're running surpluses. Aren't we fiscally responsible. Look we're spending everywhere. Aren't we progressive. Yay us.
The party had to end.
Correcting it can't only look at the revenue side though. There is no amount of money on the planet big enough to satisfy spending desires.