October 28, 2015

"We're on track to Ontario territory:" Reaction to Alberta NDP's budget and its record $9.7B deficit

Sheila Gunn ReidRebel Commentator
 

I was at the announcement of the Alberta budget yesterday, and let me tell you: The public sector unions are being well rewarded for their support of the NDP.

Finance minister Joe Ceci announced the largest consolidated deficit in Alberta history -- $9.7 billion.

(And that estimated $31 billion in debt by 2019 I told you about two days ago? Now it's pegged at $47 billion!)

While the NDP and their public sector friends were celebrating, I talked to representatives from the opposition and the private sector, instead.

What I heard were real concerns about the implications this budget will have on regular Albertans.

Is the "Alberta advantage" gone for good?

 

Tell Rachel Notley to stop her war on oil and gas jobs in Alberta.

SIGN THE PETITION

 

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Let's honour Canada's outgoing Conservative prime minister:
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Groundswell: The Case for Fracking and Ethical Oil: The Case for Canada's Oil Sands



Comments
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commented 2015-10-29 16:47:04 -0400
The New Depression Party has no conscience, just a bankrupt ideology that destroys economies. Out with them!
commented 2015-10-29 15:16:42 -0400
Mark David Johnson,

First of all, stop talking about a subject you don’t understand.
1) Alberta didn’t have an oil crash in the 80’s that was caused by a Liberal piece of shit named Trudeau. He brought in the energy program so he could get money from the Canadian oil companies and he put all US companies to the street. When those US companies were almost forced out of the country. The Us companies filed for bankruptcy protection and paid all the Canadians that were working for them pennies on the dollar.
2) This is when Petro Canada took off. There were no Petro Canada’s around in the early 80’s but there was a pile of them by the end of the 80’s. That is why we have the joke. Petro Canada stands for P" Pierre E" Elliott T" Trudeau R" ripping O" off Canada.

So please don’t discuss the oil industry because you don’t have a clue or the understanding about the subject.

And I see you are drinking from the same water trough as all the other lefties that poke from their mouths.
commented 2015-10-29 13:29:22 -0400
When I see the super-heated real estate and retail markets in Alberta rationalize to national standards I’ll believe you’re in an Ontario stagflation – middle class workers in Ont. spend every cent on tax/car payments/mortgages/food/clothing/child needs etc. and have zero sum savings due to inflation even with reasonable commodity prices – just like those in in a boom economy – so where’s the real difference in the consumer index between a hot boom economy and a slow micro-managed economy where average workers are concerned? Both revolve on reduced buying power – one because of demand opportunism the other because of command opportunism.

Alberta needs this 4 yr. lull to get rid of the parasites and get back on track politically, socially and economically. In the next boom let the amount of salary a worker can save be the causal factor of economic health.
commented 2015-10-29 12:01:11 -0400
1980’s oil crash resulted in way more job losses than the current one.
The late 2000’s crash wasn’t as severe or as dramatic or as protracted as this one either.
But keep your heads in the sand.

Ron, what you don’t seem to understand, over and over again, is that I’m not against smart deficits, it’s that I’m against lying about big deficits. Without the current Alberta projected deficit you’d lose another 100,000 jobs.
So your answer to job losses is more job losses?

You guys love to paint the NDP as the big deficit kings, but federally the Conservatives added more per capita than the others. The provincial PC were planning on a deficit too (that was almost as large as the NDP one, but I think you forget about that).

You also don’t seem to realize that your province has been overspending for 20 years. You had lots of money and instead of saving, the PC’s bought your love with your own money. Now you don’t have any more money, and you think it’s fine to just fire all the government workers and cut almost every program (who needs health care?).

You guys voted for the fiscal mismanagement of the PC’s for decades. It’s pretty easy to manage an economy when you have more money coming in than you can spend. Now that you don’t, you guys are screaming bloody murder because the NDP government inherited a gong show from the PCs (your precious Jim Prentice basically said as much when he put you guys in an election earlier this year). You guys are basically trying to cut off your nose to spite your face.

I’m not the one who elected the NDP in Alberta, you guys did. I don’t think they’re doing as bad a job as everyone thinks they are. But I don’t expect you all to think logically on that at all. (Oh also did you know that environmental technology results in almost 10 times as many jobs per dollar as oil jobs?)
commented 2015-10-29 11:59:12 -0400
The idea you can “kick Start” an economy is bad economics, whether done by Harper, or advanced by Federal Reserve Yellen. It shows the brainless adherence to Fabian socialism from Keynes. It has been tried for decades in Japan with no success and continues to be tried here and south of the border. As Von Mises said, all you do is move money from one sector to another, and when the government spends it, they usually do a lousy job of it. So yes, I agree, the former PC party of Alberta was little better. The difference is how the money is spread around. NDP governments tend to pick contractors that are unionized. That is what happened in BC where infrastructure projects went way over budget fast as the NDP government used Direct Rewards as no government before them.
commented 2015-10-29 10:15:08 -0400
Peter Netterville -
Deborah said, “They [NDP] have been dropping little hints, here and there, while they have been spending our money, like the drunken idiots that they are.”
or “embarrassing cousin” remark.
Sorry, Peter, I was being much too kind. You are correct, this little zinger, totally let us in on her plan to destroy our economy! I’m glad that I have relatives in SK, because that is where I am planning on heading, to weather this attack by Rachel and her communist party. I may have to walk away from everything that I’ve worked for, but I know that I’m not alone.
commented 2015-10-29 07:01:55 -0400
“But listen, Ontario will come back.”
Nice thought, but doubt it. The unions and MSM have a tight of a hold on Ontario. Patrick Brown may be able to unite the people but he will be facing an even more difficult task than Hudak did.
commented 2015-10-29 02:08:55 -0400
Notely has to know that she won’t get in next time. She won’t even think about a plan to pay any of the borrowing back until 2020?? She is just doing her best to put Alberta completely belly up in her short reign. She clearly has agenda, that comes from outside Canada. She is a traitor. She is as crazy as Wynne, and is motivated by the same agenda.
commented 2015-10-29 01:40:09 -0400
I am going to laugh so hard when shiny pony realizes the golden goose has been shot by the NDP
commented 2015-10-29 01:39:26 -0400
To put 9.7 billion a year in perspective……..approx 26.6 million a day or 1.1 million an hour every hour for one year. WTF!!
commented 2015-10-29 01:39:05 -0400
Mark you are wrong as usual , the PC’s left a small surplus moron , and Klien balanced the budget and paid off our debt at 80 a barrel, and we have seen oil this low before , try some reality.
commented 2015-10-28 23:28:11 -0400
But listen, Ontario will come back. PCPO leader, Patrick Brown, has been campaigning since he won the leader race, reaching out to all communities, pitching our cause, active on social media, badgering the Premier at Queens Park. He’ll win because he unites people.

Alberta Conservatives lost over your divide-the-right squabbles and the nasty corruption of a party in power too long that saw its Justice Minister feel so entitled that he felt he could brag, out loud and in public, that every judge in Alberta was in his pocket. Albertans were right to turf the party.
commented 2015-10-28 23:21:50 -0400
Dave, CMHA claims one in five of us is mentally ill. It’s a scam to fund power elites to oppress twenty percent of us with a label of mental illness.
commented 2015-10-28 22:25:41 -0400
They include a few million in the budget to go to mental health issues. Perhaps Nutley and Ceci should step right up as new patients. And then promptly resign citing insanity.
commented 2015-10-28 22:10:49 -0400
Well, if it isn’t MARK DAVID JOHNSON! Over at “How did Justin get elected?”, he was wringing his hands, so exercised and concerned over of the level of our federal debt, but, on the other hand, was delighted with the election of a one-time drama teacher living off an inherited trust fund, who is up front that he will do all that he can to drive up the debt.
Now here he applauds Alberta’s minister announcing the largest consolidated deficit in Alberta history, $9.7 billion, and that the estimated $31 billion in debt by 2019 is now pegged at $47 billion! Clearly, his supposed concern about the federal debt, as a means to attack Harper, was feigned and once more reveals his hypocrisy. Typical for a leftist troll.
commented 2015-10-28 21:18:03 -0400
PAUL DEULER ;
There’s a lot of that going around these days.
commented 2015-10-28 21:15:23 -0400
Alberta is now run by a government that is clearly out to destroy the businesses and the economic engine that gave that province and its people prosperity and a decent standard of living. The treachery of the NDP knows no limits. Albertans, unite as one to stop this insane government from destroying your home and your livelihoods. They don’t care about you. They don’t care about anything except themselves and their insane ideology. Force them to abandon their plans to destroy everything you have worked for all your lives. Demonstrate until they can’t ignore you any longer.

FREE ALBERTA! NO NDP SABOTAGE! HANDS OFF THE OILSANDS! HANDS OFF THE ECONOMY! NDP GET OUT!
commented 2015-10-28 20:53:05 -0400
Am I the only one who thinks Notley looks smug every time I see her in the assembly?
commented 2015-10-28 20:26:38 -0400
Deborah said, “They [NDP] have been dropping little hints, here and there, while they have been spending our money, like the drunken idiots that they are.”

or “embarrassing cousin” remark.
commented 2015-10-28 20:17:43 -0400
There will be many more jobs lost in the private sector. Most companies have been waiting for some kind of direction from the NDP. Many of us have taken wage reductions, have lost our benefits, including sick time, and thousands have lost their jobs already. Those of us who knew what to expect, have been preparing as best we can, by remortgaging, and paying down debt. The newbie NDP’s could care less about those of us, who are now falling into financial dire straits. You would think that the obvious would be to work with our main industry, but instead Rachel has just given thousands of us pink slips. All because they don’t like oil and gas. They have been dropping little hints, here and there, while they have been spending our money, like the drunken idiots that they are. We are going to pay big time, for all those who refused to listen, when they were told what would happen under a communist regime. Shame on Rachel Notley!
commented 2015-10-28 19:52:20 -0400
Mark David Johnson – according to the Calgary Hearld Feb 17, 2015
http://calgaryherald.com/business/energy/ewart-oil-woes-driving-albertas-downward-economic-spiral

A report from CIBC World Markets early in the week predicted the unemployment rate in Alberta would climb 2.5 percentage points to 6.8 per cent this year — meaning more than 60,000 lost jobs — and the dire prediction looks to be increasingly plausible after Cenovus Energy and Precision Drilling revealed more layoffs.

When oil prices collapsed in 2008-2009 industry officials estimated between 15,000 and 20,000 jobs were shed across the oilpatch before companies staffed up again as the price of benchmark crude oil increased to more than $100 a barrel.


So it would appear that we are losing more jobs now. The price of oil will not be recovering as quickly as it did in the last price drop and with Royalties and Carbon taxing pricing have yet to negatively impact the industry yet. But hey seems like a great strategy to for a goverment who is already spending 6.5 Billion dollars a year more than BC to increase spending even more. The NDP are doing nothing to help the industry recover while taking the province deeper into dept then it needs to which will only makes the situation even worse.

There is nothing economically intelligent in what the NDP goverment is doing and when the election happens 4 years from now our province will be in far worse shape then when the NDP took over.
commented 2015-10-28 19:46:24 -0400
Mark said, “And no they haven’t had worse oil price shocks for a sustained period of time with less job losses.”

Bull fucking shit. I have lived through several Alberta recessions because of the drop in oil prices. You are wrong.
commented 2015-10-28 19:46:23 -0400
Mark said, “And no they haven’t had worse oil price shocks for a sustained period of time with less job losses.”

Bull fucking shit. I have lived through several Alberta recessions because of the drop in oil prices. You are wrong.
commented 2015-10-28 19:44:18 -0400
It is just like the left to not take responsibility for their actions.
commented 2015-10-28 19:43:22 -0400
Mark said, "Pretending it wasn’t his fault is like sticking your fingers in your ears when someone is proving you wrong because you don’t want to hear them. "

And pretending that the opposition parties were not responsible for forcing Harper into it is intentionally lying to yourself and all those you vomit your lies at.
commented 2015-10-28 19:41:46 -0400
Mark said, “Right, it could not be Harper’s fault that he borrowed money. Keep telling yourself that.”

And you keep telling yourself your lies. One cannot talk reason to a leftwing lemming.
commented 2015-10-28 19:31:46 -0400
And no they haven’t had worse oil price shocks for a sustained period of time with less job losses. During the last oil price collapse, the industry was crippled and hundreds of thousands of people lost their jobs. Instead of tens of thousands this time. But who cares about facts when you’re trying to make a point, eh Peter?
commented 2015-10-28 19:30:13 -0400
Looking forward to the riots in the streets that should be coming soon.