Quote:
Originally Posted by transplant99
The Liberals in Alberta? They are left of center just as the UCP is right of center.
Stop spending billions more than they receive without tax after tax being raised or implemented, and i will move them to the center.
Both the LP and the AP are promising to spend and spend to fix things but no where do they explain how they will pay for it as well as reduce the 90 or 100 BILLION dollars that are already owed.
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You have to understand most of the posters here are young and have never ever lived in a period of normalized interest rates. Money liquidity is as high as it's ever been, so borrowing $950K to buy a house when you make $70K seems like a reasonable thing to do. After all, I deserve granite countertops and biking to work. Extend that to government and heck, I deserve... well, whatever the hell the provincial gov't does.
People can't fathom why Klein wanted to buy back bonds that were paying out at 12%. This is not a thing that pops into their heads. People don't know that there was a time when it took convincing for people to buy gov't bonds, because there simply literally (and yes kiddies, I'm using that word properly) wasn't enough money in the world.
Luckily interest rates will stay low forever. Phew.