Quote:
Originally Posted by IliketoPuck
These are issues that will plague our province for decades.
You don't simply increase the provincial debt by $50. Billion. Dollars. In four years without any consequences.
Seriously GGG, give your head a shake.
Do you understand that through these actions the NDP government is causing a material deterioration in our credit rating as a province at the same time that they are taking on unprecedented amounts of debt?
The net result is a massive increase in debt, and a massive increase in servicing said debt.
How this isn't sinking in to NDP apologists is absolutely baffling to me.
The 2015 protest vote will haunt our province for decades.
(enoch, sorry, obviously not directed at you, was only quoting your post)
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How much debt did we accumulate under Redford / Stelmech? (I include her spending the contingency funds as accumulating debt). The PC's needed to be removed from power. The stupidity of the Alberta population is at fault for blindly electing the same government for 50 years. Change was required. Is the NDP doing the best job? No. would the WR have done better? maybe although the deficit would likely be 9 billion instead of 10.
What we really need is to exclude all Royalty revenue from the budget and tax and spend based on an assumption of zero royalty and build a sovereign wealth fund or at least say any royalties earned over $60 oil cant be counted on. The corporate, carbon and income tax increases that were done under the NDP are necessary to accomplish this task.
Hopefully after this rout people will understand that reliance on oil revenue to subsidize operating budgets is a bad idea. Artificially low taxes based on energy extraction leads to this problem. That is the issue that needs to be solved.
For those who don't like this budget what is your proposal for the next four years. What are your 40 - 60 billion in cost reductions? How much debt would you run.