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Old 09-19-2018, 05:24 PM   #307
woob
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Quote:
Originally Posted by Flash Walken View Post
I'd like to point out that the UCP are not the fiscally conservative party, most of their long held economic policies of previous governments do not have the support of leading economists and often act in contrast to that of modern economics.



It's one of the reasons why whenever the credit rating for the province is downgraded the credit rating agency specifically points out the lack of ability to generate revenue is at odds with maintaining a higher credit rating.



The PC Government that predates the UCP were fiscally reckless, operating a government for decades on volatile resource revenue rather than sound economic policy. No serious economist in the world would endorse a fiscal policy where 20% of the province's operating budget is dictated by the price of a volatile commodity.



It's a reckless mismanagement of the economy built ENTIRELY on a foundation of ideological decision making that has no basis in modern economics.



It's zealotry, pure and simple.


Yeah but low taxes, man!
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