July 10, 2015

Alberta NDP authorizes 50 percent increase in debt this year

Marissa SemkiwRebel Commentator
 

Paige MacPherson of the Canadian Taxpayers Federation joins me to talk about Alberta's decision to increase borrowing by $6 billion without making any cuts.

MacPherson says this will dump debt onto future generations of Albertans while raising taxes sooner or later.

It's true that the former PC government also borrowed irresponsibly, but the NDP ran on a "change" platform. She says it is fine for the NDP to boast of restoring spending cuts to social services, but by borrowing to do so, they actually put those services in jeopardy in the future, when the bill comes due.


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Comments
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commented 2015-07-14 20:28:36 -0400
Well, no belt tightening in sight with this government, wink, wink, nudge nudge. Time for Albertans to pull down their hats and get ready, because their going for a ride that will cost them years to recover from.
commented 2015-07-13 16:50:49 -0400
How much more money is the Government of Alberta going to throw away by increasing the debt by 6Billion dollars? If they got a rate of 2% from NY, then $120,000,000 per year, will be taxed from the tax payers to send to New York! That is not an efficient government. The counter argument is usually a concept from the Keynsian Theory which promotes the “multiplier effect”. According to Keynes, the “ME” is: $1 of public spending begets $6 of economic activity in society. This theory is good on paper only. Take the statistics of the 1930’s and compare public spending with economic activity generated and the ratio is about 1:1, and not 1:6 as the NDP would like the tax payers to believe.
commented 2015-07-13 15:18:02 -0400
Madness seems to be reigning in Alberta since I left—they have voted in an NDP government, the mayor of Calgary is a moslem and that fair city now has (I’m told) about 100,000 muslims, who have been our enemies for 1400 years. Madness, and now the first thing the NDP want to do is increase the debt by 50%?!
Lunacy!
Ralph, please come back!
commented 2015-07-13 13:45:45 -0400
I submit that ANY government including the WR would have to borrow to keep capital projects moving along. The WR nor these right wing Zealots at the reble can be believed, plain and simple.
commented 2015-07-13 09:49:33 -0400
Peter – I agree, the $400 Ralph bucks was the icing on the cake. Ralph was a generous man and really loved the people. He wasn’t always right, in fact I lay the blame at his feet for the chartered schools, that leached money from the public system, and allowed the current terrorist training schools to take root.
Also Peter, Saskatchewan is not all flat, as you go farther north, it is exceptionally beautiful, and SK has the best sunsets ever! I wish I would have taken my own advice, and bought property there about 10-years ago.
commented 2015-07-13 02:58:52 -0400
At the risk of sounding tendentious I would suggest again that if the balanced budget act is still on the books – thanks Prince Knight! – raising that fact in the legislature still permits Notely’s NDippers to bob and weave and kick the can down the road as far as observing it… It HAS to be formally put before the courts to “compel observance” so that the legal clock starts ticking immediately… And leading up to that, a strong showing, via a massive petition, has to be started as quickly as possible… Hence my previous comment to Kelvin’s earlier posting… I can’t do it it from “the wilds” of British Columbia; it has to be started by loyal Albertans unwilling to let their conservative heritage be flushed down the toilet in the coming four years…
commented 2015-07-13 00:34:17 -0400
Deborah, I remember the backlash Ralph got about the “Ralph buck” from his opponents at the time, but I found the $400.00 quite helpful.
commented 2015-07-12 23:43:11 -0400
Prince Knight – good job finding Ralph’s official deficit act. I can still remember when Ralph was telling us that he was going to balance Alberta’s budget, by reigning in spending. He never sugar coated it, but in the end, when he actually did it, he allowed the public to share in the celebration, by giving us “Ralph Bucks.” Now that was leadership, leadership that is sorely lacking these days! What I admired most about Ralph, was that he always talked to the public like we were his friends. He was always a straight shooter. Now the government hides behind doors, they behave like conspirators with our money and resources, when they should be involving us.
commented 2015-07-12 22:32:43 -0400
*Peter Netterville commented 1 day ago
Bill said, “balanced budget act” and Deborah Graupner said, “Ralph did pass a law saying that AB would have to live within its means, and to my knowledge the law has never been repealed.”

Ahhh, so the balanced budget act is what Prince Knight was referring to earlier. What can be done to force the NDP to obey that law? How does one force the provincial law makers to uphold the law?*

Step one, get chapter and verse of that Act. Quote it verbatim. Get it to the leader of the Opposition, and force the NDP to acknowledge it by having it read into the minutes in the Legislature. (Of course, this also means that the NDP could introduce legislation repealing that Act, and they would be within their legal means to do so. But until they do, this Act will hamstring the NDP.)

Step two — GET NOISY!! We have to get the people of Alberta informed that this government is acting illegally!

There’s no way to turf the NDP before the next provincial election — Alberta has no recall legislation (and there’s no way in hell they’ll bring any about).
commented 2015-07-12 17:21:29 -0400
I was reminded recently of a quote by Ralph Klein, and he said that “Politics is a blood sport” and that is certainly proving to be true. He also said that his day just wasn’t complete, unless he had 3 or 4 groups protesting something. I think we conservatives need to take a page from the rent-a-lazy-mob, and that is to start organizing protests, so that we don’t just settle for the raping of our way of life. We might not be able to rid ourselves of this socialist experiment yet, but we definitely don’t have to sit here and take it. We need to vocalize our discontent, and remember that we all have some money, and we can protest by withholding it too. I myself will not spend my money anywhere that is pro-NDP.
I also think that Notley is going to base her budget on the one the Prentice already prepared. She is going to ride the discontent of the PC party for all it is worth. The NDP have no idea how to run an economy, except into the ground. I am praying that people don’t just give up and give in to the lefty lunacy.
commented 2015-07-12 17:16:58 -0400
The provincial NDP are setting an excellent example to all of Canada of what to expect should Thomas Mulcare become PM/ disaster.
commented 2015-07-12 02:03:28 -0400
Rae Fraser;
You say they scare you?
Blonde babes with brains scare you?
I find the combination rather heady myself…
commented 2015-07-11 23:06:06 -0400
Rae, you are afraid of Marissa and Page?
commented 2015-07-11 21:53:05 -0400
These 2 girls scare me . I promise to not piss them off. I am not ready for a verbal thrashing.
commented 2015-07-11 20:53:13 -0400
The sky is falling – Alberta is doomed. Let’s just write off Alberta.
commented 2015-07-11 19:58:59 -0400
“Now there’s no place left to run.”

Saskatchewan . . . if you don’t mind flat as a table.
commented 2015-07-11 19:37:28 -0400
Indeed Peter… Hence my suggestion to adopt the legal recourse which would progress whether the MSM tries to ignore it or not… I do agree that demonstrations can be a good tool to get people to sign the petition in all corners of Alberta…
commented 2015-07-11 19:35:16 -0400
I thought I could escape, moving to Alberta.
Now there’s no place left to run.
commented 2015-07-11 16:43:21 -0400
“Mass demonstrations you can’t ignore.”

Though I tend to agree with you, Kelvin, the MSM often ignores mass demonstrations if they are pro-life or other similar demonstrations.
commented 2015-07-11 16:43:11 -0400
Is anyone really surprised? Do we not know what the NDP ideology is? I was baffled when Albertans voted them into power. Alberta was the best province to live in because of its conservative values. This is only the beginning. Just watch what is going to happen when Alberta businesses begin pulling out their investments. Just watch the Government revenues plummet despite higher rates. Just watch our debt balloon. Just watch our credit rating buckle. Just watch what this debt servicing is going to cost us. We booted out Stelmach. Notley will be far worse. Can one person who voted for the NDP explain to me why they did? I hope federally, people who are thinking about voting for the NDP, see Albertas destruction and vote for Harper.
commented 2015-07-11 14:30:17 -0400
Andy, the cat only gets out of the bag if the msm reports it. Mass demonstrations you can’t ignore.
commented 2015-07-11 14:23:43 -0400
Demonstrations are fine but I’m sure the NDippers would just bus in union counter-demonstrators… I’m not a lawyer but if the balanced budget act is still on the books, then I think an effective process would involve starting a massive petition and heading to the courts to “compel observance” of the law… That might force Notley and Gang to try to rescind the act which would really let the cat out of the bag as to her intentions… Now to find a “pro bono” lawyer to handle the whole fracas…
commented 2015-07-11 14:09:36 -0400
Demonstrations, a hard hat rebellion is the only way . So…………….. Let’s get er done!!!!
commented 2015-07-11 12:52:00 -0400
Bill said, “balanced budget act” and Deborah Graupner said, “Ralph did pass a law saying that AB would have to live within its means, and to my knowledge the law has never been repealed.”

Ahhh, so the balanced budget act is what Prince Knight was referring to earlier. What can be done to force the NDP to obey that law? How does one force the provincial law makers to uphold the law?
commented 2015-07-11 12:36:58 -0400
There is some talk of Canada entering another recession, and thanks to oil prices bottoming out, Albertan’s will be paying interest on the debt forever. Voters forget that this $6,000,000,000 extra debt amounts to approximately $1,250 debt for every woman, man, and child in Alberta.
It was a tough provincial vote for Albertan’s. One party was corrupt, entrenched, and lazy. The other party is socialist, inexperienced, and destructive. After the NDP has squashed the oil industry with an environmental ideology, they can look at the Feds to support the taxpayers with welfare. What a choice!
commented 2015-07-11 12:30:10 -0400
And here come the socialist pigs gutting the economy and turning it into a sh*thole socialist utopia for all to share.

The last bastian of decent quality of life in Canada has been thrown to the socialist pigs.

The pending market crash will be the cherry on the sundae and then we all get to live like “greecers”.

Is there room for a “C” in PIIGS?
commented 2015-07-11 12:15:29 -0400
Ralph did pass a law saying that AB would have to live within its means, and to my knowledge the law has never been repealed.
commented 2015-07-11 10:39:47 -0400
Ralph is rolling in his grave – from balanced budget act to debtor in 2 turns of government. A 5 spot says the CDIPs funnel most of their borrowed an stolen revenues into expanding the public sector to secure the vote. Jut watch – it’s formula – You from Manitoba know what I’m talking about.
commented 2015-07-11 08:28:07 -0400
LOL – the Albertans are going to be PO’d but they did it to themselves

dippers will have to do as much damage as possible and as soon as possible because I do not think they will be re-elected.

And according to cbc, Canuckleheads are considering dippers for a federal government?

Interesting times ahead – fortunately I have land paid for – animals and food on that land and lots of wood for heat and some cash stashed in the back – even have an old shotgun to hunt down some food if needed.

I will not be as bad off as the person living on the 12’th floor of a chicken coop built for people when the dippers starts making us do “what is best for all of us”

dippers – the bane of Canada and the heroes of Canuckleheads.

Oh Canada! What have you done!