Quote:
Originally Posted by Thor
Its sad to see how Norway has built up a massive rainy day fund with their oil, and Alberta has so little to show for it. I remember the heritage fund when Klein first started it and how promising it was, now today its just a depressing reminder of how much money we've pissed away.
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The best long term solution is to not rely on oil revenue to fund current programs and like Norway or Alaska bank the revenue and live off of interest. It takes 20 odd years to really pay off but after that you afe set for ever.