May 20, 2016

Alberta’s credit rating downgraded FOURTH time in ONE year — and look who wants a SALES TAX to fix it

Ezra LevantRebel Commander
 

Yesterday Standard & Poor’s, a bond rating agency, downgraded Alberta’s credit rating — the fourth credit downgrade in less than a year. S&P's also said if things keep going this way, Alberta might have to bring in a sales tax to cover its debts.

Alberta is the only province without a provincial sales tax.

(Although Rachel Notley is bringing in a de facto sales tax next year, with her carbon tax — same thing, really.)

Here’s Dave Cournoyer, who works for a public sector union in Alberta:

"Not having a sales tax basically amounts to forgone revenue for the government. Time for a PST, Alberta. #ableg”

Here’s the Globe and Mail:

"Alberta finance minister just said S&P downgrade is because province isn't using all fiscal tools, code for sales tax, he said. #ableg”

The CBC's also been beating the drum on this for months.

If the bank phoned your house four times in the past year telling you your spending was out of control, and your debt was out of control, do you think your spouse would say — keep going honey, nothing’s wrong, just raid the kids piggy banks?

That’s not how it works in real life...

 

 

Comments
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commented 2016-05-22 17:31:29 -0400
Notley will not stop until Alberta’s unemployment rate reaches 15% and higher. She is into scorched earth, as seen by her disinterest in the wildfires. And as unemployment creeps ever higher, she will just subsidize everything.

Keep going though. Once Alberta’s credit rating becomes junk, Notley will abandon Alberta and move onto something else.
commented 2016-05-21 07:08:08 -0400
NDP three step plan: 1. Raise taxes. 2. Give money to public sector employees. 3. Repeat ad infinitum.”

That is both the NDP and the Liberal mantra and practice. Both parties are left of center, no matter if federal or provincial, they are cut from the same cloth though pretend otherwise. They both believe in bloated government, driving private sector jobs out of the country, and screwing the private sector with increased taxes/fees/levies to pay for their bloated public sector.

“The problem with socialism is that you eventually run out of other people’s money.”
- Margaret Thatcher
commented 2016-05-20 20:48:42 -0400
Bill Elder “………..because Albertans will NOT stand for this.”
Unfortunately, they will. I hate to say it, but they will go on with life as before until the NDP are kicked out in 4 years. If anywhere, Albertans have a right to be mad and cause some havoc. But they won’t.
commented 2016-05-20 19:01:50 -0400
Make it a big sales tax, you will need it to hire extra security.
commented 2016-05-20 18:20:24 -0400
Hoo ho ho yeah, go for it Nutley. Way to crash your party – You put a sales tax in place and you better start riding in armoured cars until the electorate send you to the scrap heap – because Albertans will NOT stand for this. This is a final titty twist of Alberta tradition. Dips will never get another seat in the legislature after this.
commented 2016-05-20 18:02:21 -0400
Bugs Potter said, "Well, fellow Albertans who voted for these fools, I hope you regret your stupidity every time you have to cough up at the cash register. "

Don’t blame all Albertans. I never voted for this Notley bitch.
commented 2016-05-20 16:26:44 -0400
Welcome to Venezuela North. I’ve said that for quite some time. We’re just a bit behind on the downward spiral to the bottom. Same with Canada following Europe down the tubes,if we leave the prancing prince in charge. Just a matter of x number of years and welcome to Islam. The question is will we be able to weather the storm in Alberta well enough to survive, because one way or another, Rachael’s 15 minutes of fame will come to an abrupt end next election.

Bugs Potter: I never voted for that skank, so I’m not into paying a fucking PST. I think only NDP voters should pay a PST, because this was their choice for gov’t and their policy. Fact is if Alberta was allowed to be Alberta, a predominantly energy producing province for now, and if the Feds had a clue and got at least ONE major pipeline done, the province and country would be far better off and there would need not be talk of a PST here. But no, with the Church of Climatic Follies and Lies, and Wretchel, I mean Rachael soon to blanket Alberta’s beautiful landscape with windfarms, soon our bleak future will be “blowin in the wind”.

DJBT and many others
commented 2016-05-20 15:39:29 -0400
Communist voters
Communist government
Venezuela outcome
commented 2016-05-20 14:46:40 -0400
Rachel needs money because mother nature decided that her budget for fighting forest fires was insufficient. She wants to tax the hell out of us, to keep union workers employed. It’s easier to tax more, than to act like a leader, and cut provincial staff. History will not be kind to this communist traitor!
commented 2016-05-20 14:30:56 -0400
Yeah a sales tax has really worked well for communist Ont. and Paybeck.
commented 2016-05-20 14:21:20 -0400
Keith Barnes commented 23 mins ago
Alberta may not need a PST and Notley may become richer.

Ms Notley, I have a question. To what extent were the Alberta Forest Fires connected to Uranium and the Clintons?

https://www.youtube.com/watch?v=QBe3_iZ3HHk

NICE!!!!!!!!!!!!
commented 2016-05-20 14:19:26 -0400
Well, fellow Albertans who voted for these fools, I hope you regret your stupidity every time you have to cough up at the cash register. Serves you right. If I am paying more income tax thanks to you, the least you can do is pitch in and pay a sales tax. Serves you right, idiots. NDP three step plan: 1. Raise taxes. 2. Give money to public sector employees. 3. Repeat ad infinitum.
commented 2016-05-20 14:01:48 -0400
“It’s not fair” says Notley(insert pouty face here) All the other Premiers get to use this revenue tool. I’m just as incompetent as them (insert of stamping foot here) I want one.
commented 2016-05-20 13:53:16 -0400
Yes Peter – the color is going to be a bit on the horrific side should all this bullshit come to fruition! Robin Hood will make a comeback!
commented 2016-05-20 13:46:07 -0400
Not too much I can say here that wouldn’t involve “colorful language”, so I best not continue.
commented 2016-05-20 13:33:17 -0400
The inevitable downward spiral of a socialist government is in full force. Naturally a public sector union guy is pleading for higher taxes because it’s just a revenue problem. More revenue allows socialist goverments to run larger debts and get you even further in the whole. Just look at Ontar-i-owe and Venezuela.
commented 2016-05-20 13:31:08 -0400
This Venezuela thing needs to be heavily “rubbed” into Nutley’s ugly face! There are many of us who are NOT going to go along with this rampant thieving by a government – and there will be distress just like that southern Socialist state.
commented 2016-05-20 13:28:07 -0400
Yes, it is lack of revenue opportunities which is the problem. [sarcasm]