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Old 01-14-2016, 12:06 AM   #163
Harry Lime
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Quote:
Originally Posted by Jacks View Post
Because we don't save squat and spend every penny we get, as a result if they lowered royalites in bad times the government would run massive deficits. If we funneled resource revenues into the Heritage Fund and then paid out steady predictable returns to the government we would have the flexibility to raise and lower royalties without killing the budget. This should have started under Klein when the debt was brought under control but unfortunately politicians suffer from weak backbones. Now we are going back into heavy debt and are back to square one so I'm not holding my breath that the system is reformed in my tax paying lifetime.
Lord, that's depressing.
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