May 20, 2016

It’s the spending, stupid! With Alberta’s credit rating in free fall, Notley NDP plow ahead

Sheila Gunn ReidRebel Commentator

Alberta's credit was downgraded again. This time again by Standard & Poor's, a global credit and bond rating agency. 

S&P has downgraded Alberta’s credit once before. They stripped Alberta a full rating, from Triple A down to Double A+, back in December.

The NDP has done nothing to address the concerns S&P expressed in December about the province's fiscal woes. They carried on with their agenda.

This is what S&P gave as their rationale:

“A one notch downgrade reflects the impact of depressed oil prices on Alberta's important resource revenues, and the province's fiscal response that, so far, has not meaningfully counterbalanced this external shock. Based on the province's latest budget released last month, we now expect the depth and duration of the province's after-capital deficits and related run-up in tax-supported debt to be much greater than what we foresaw in our last review in December 2015, leading us to conclude that Alberta's credit profile is no longer consistent with the 'AA+' rating.”

Ontario is the biggest sub sovereign borrower. It has the biggest debt load for a non nation. It’s like Greece but if Greece were a province.

And Alberta is truly replicating Ontario. Alberta is plowing ahead with the same coal fired electricity phase out that Ontario did. It’s going to cost Alberta taxpayers billions to end contracts with electricity suppliers and generators. This phase will add billions to government debt and scare off capital investment by increasing the costs of doing business here. Count on more credit downgrades.

These NDP’ers just don’t get it. They keep getting Alberta’s credit downgraded and then they keep doing the same things. At what point are they going to figure out that they need to do something different to get a different result? When are they going to realize that their stupid ideas aren't working?

And we all know, that if Joe Ceci was a conservative, the NDP would be screaming that he should be removed from his portfolio. And they’d be right. He is the worst Finance Minister Alberta has ever had. Perhaps it’s the union mentality of the NDP. Maybe they have a natural instinct to protect the worst amongst them.

It’s been nearly 12 years, in July 2004, since Ralph Klein held up that sign that said paid in full and now we’re racing Ontario to the bottom.

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commented 2016-05-23 11:01:25 -0400
Hope these two broads (used in the broadest terms) convert to Islam soon so they can officially become Bag Hags and cover those ugly faces so no one needs to see them!

commented 2016-05-22 17:35:34 -0400
Driving Alberta’s credit rating to junk status (below investment grade) is Notley’s end goal. The NDP have clearly decided to scorch the earth and leave nothing behind. What else can one expect from a Progressivist/Sodomite?
commented 2016-05-22 11:54:29 -0400
These are just 2 of the “let them eat cake” bureaucratic aristocracy which now rule Canada like an aristocratic class system.

Michael Campbell: "Frank Herbert warned us that “Governments, if they endure, always tend increasingly towards aristocratic forms. No government in history has been known to evade this pattern”. We’ve gotten to that point in Canada where the entire function of Government is to act exclusively in the interests of the ruling class. "

It’s so true, hear more here you lowly peons –
commented 2016-05-22 10:57:32 -0400
Sorry, meant to say the wicked bitch of the east.
commented 2016-05-22 10:56:23 -0400
It reminds me of the Wizard of Oz.
The wicked bitch of the sat meets the wicked bitch of the west to plan an assault on the Emerald City.
Will be nice when we can sing “Ding dong the bitch is dead, the wicked bitch is dead”!

commented 2016-05-22 09:54:33 -0400
A picture of the two most disgusting bitches in Canada, the evil witch of the East and the evil witch of the West. I am sure there must be a couple of old empty houses we could use … …
commented 2016-05-21 19:02:15 -0400
It’s a women thing.Just like Wayne said the province isn’t being run by old grey haired cigar smoking men anymore.
The 2 are trying to wreck the economy in both provinces.Ontario sells or gives away electricity cheaper to everyone but their own people.We get the full price.Why would Alberta want any of this bull shit that Ontario is stuck in.TAXES.
commented 2016-05-21 13:19:31 -0400
Bravo Zulu: I DEFINITELY did not vote for these fools. Sorry for your bad experience with said government. I hope you have money to invest here in the future. Best to wait till we change the pitiful fools in charge though, at next election or sooner! Keep typing my friend.

commented 2016-05-21 13:07:26 -0400
Robert: Sounds good to me. I’m depressed. We are definitely in a bad situation.

commented 2016-05-21 11:50:15 -0400

STPC, Sophie The Pig Cow
commented 2016-05-21 11:45:29 -0400
I don’t understand all the elaborate theorizing on the AB NDP’s non performance on the economy – they are wrecking it, quite simply, as Sheila alludes to, because “they really don’t get it.” They simply are economically detached from reality. Dogmatic socialism is based in a fraugdulent ideal that wealth can be confiscated and wealth engines regulated and the wealth redistributed without a glitch in the expansion of wealth creation or no rebellion or relocation or bankruptcy of the wealth makers – it’s the old money comes from the magic money trees growing in the tax fo rest.

Well, the markets depressed Alberta;s wealth engines and then Nutley and Junior Butts in Ottawa killed what was left – so now what? How does an extortionist who only knows how to shake down the producers actually create more producers? Well, they don’t, particularly if they are stuck on stupid like one trick pony socialists are.

Look south to Venezuela to see what socialists can do to a wealth creating resource, ditto Alberta. It may be time to take more fir measures than just waiting to vote them out – injunctions and personal prosecutions maybe – time for the people they are damaging to send a message.
commented 2016-05-21 11:40:58 -0400
No one in the party cares .

In the end they were elected – if not by you the reader – then by some of your friends and family.

Does anyone even admit to voting for them any more?

Albertans kind of did it to themselves and now will have to ride out the storm.

Even the idiots in Dunvegan put in a wasted piece of skin. I no longer live there but I could not believe they did what they did – bet they regret it now.

I met in Washington DC with Alberta Minister of Economic Development Deron Bilous – and told him I wanted to come and spend a ton of money – at no risk to Alberta. In fact I would do it today – but not after the reception we received.

No risk and no cost to Alberta and we would come and invest.

Bilious told me to contact his office immediately at the beginning of the next week.

I did.



We are looking else where.
commented 2016-05-21 11:13:13 -0400
Sheila, it is not that the NDP don’t understand that they need to change what they are doing to keep from getting credit downgrades, they don’t care.

They are going to increase the public sector and pander to the public sector as all socialists do because when they make the public sector employees are happy, those employees will vote for them.

It is a simply formula that plays on the selfishness of the public sector employees to look out for themselves. It works every time.
commented 2016-05-21 10:39:54 -0400
John Landry: Which brings us to a question I have so much trouble with. Why the constant vilification of Harper by the left. He wasn’t flashy but he looked after the economy, the best of virtually any PM we ever had. Instead the 39%ers are content with the flamboyant lightweight running around tossing money around like it was confetti. When the time of reckoning comes I wonder who these morons will blame then. It has to be in the leftist DNA. Debt and deficits, oh joy.

commented 2016-05-21 10:13:48 -0400
Why does the left hate a balanced budget? Is spreading money they don’t have the only way of getting people to buy into their nonsense? Balanced budgets should be the law to avoid misplaced trust in governments.
commented 2016-05-21 09:54:54 -0400
“know” he is full of shit, and he is
commented 2016-05-21 09:51:55 -0400
Lawrence O’Byrne: How could the crappiest PMs be named Turdo? King Justin himself stated the "best Prime Ministers come from Kebec. How could we doubt the czar himself? Probably because we are somewhat sane and no he is full of shit. The soap opera continues!!!

commented 2016-05-21 09:39:07 -0400
Robert Raymond: Wynne might have trouble chewing that old hunk of shoe leather. Probably tastes like a nicotine soaked rag!
Robert: STPC ????
Sophie the Pig C_nt
Sophie the Putrid C_nt
Please enlighten me, behind the curve on this one

DJBT and the rest
commented 2016-05-21 09:28:59 -0400
Once you get so far down the hole, there is no coming back, Ontario is not the model to follow and emulate. I live in Ontario and it’s unfortunate that once the sheeple voters who only vote for Handouts and allow Union ads to lie to them and sway there vote, it just allows the snowball of massive debt to grow. The sheeple will elect a conservative govt,,, like they always do , hoping they can clean up the absolute mess left behind. Unfortunately in Ontario , our only fix now is massive public sector cuts and raised taxes. Lieberals should of voted for Sandra Pupatello at their last convention, instead of the nut job torontocentric freak show we have now.
commented 2016-05-21 09:28:16 -0400
paul….also have you ever noticed the crappiest PM’s are named turdo
commented 2016-05-21 09:15:54 -0400
Ever notice the crappiest premier’s are female?
commented 2016-05-21 08:47:34 -0400
When shall we two meet again?
In thunder, in lightening or in rain?
When the hurlyburly’s done.
When both our provinces are truly done.
That will be ere the set of sun.
Where the place?
Upon Fort Mac.
There to meet with Just-in.
commented 2016-05-21 07:47:52 -0400
The following is an partial extract from the source listed at the bottom.

It shows that change is possible, but only if good people are willing to sacrifice.

“Why Did The Media Keep The Recent Peaceful Icelandic Revolution Quiet?”

“Did you know about the peaceful Icelandic revolution that took place over the last 5 years? If you didn’t, it is likely because it was never televised or talked about very much at all on mainstream news. One would have to be part of the right websites or Facebook pages to even find out that this has been going on. Why is this the case? Why keep something so monumental hidden from the public?

First let’s discuss what took place with this revolution, then it will become much more clear as to why this was never televised.

It was during a time of a lot of financial turmoil around the world and stories were popping up all over the news of how banks around the world had been crushing or minimizing rebellions by receiving massive bailouts to keep them alive. The Iceland story is different because there was no crushing or ending the rebellion, instead, the people rose up. This is why this was not seen on TV anywhere. If the rest of the world knew that the people won, it may give them some ideas.

During the financial turmoil of 2008 and 2009, the people of Iceland forced their government and banks to resign. How did they do this? Peacefully. The following is a summation of what steps they took over a process of several years, and it all began with each one of them realizing this couldn’t "

You can read more by going to the following website.

commented 2016-05-21 07:34:30 -0400
Old “Yellow Teeth” has a predatory smile whereas Notley looks like the prey.

commented 2016-05-21 01:18:00 -0400
For the life of me I cannot understand Notley’s mentality dealing with Alberta’s economy. She is hell bent on full speed ahead with her global warming agenda even if it means bankrupting the province. No one can tell me that she doesn’t
know what she is doing unless she is completely insane. Come on, oil prices down, revenues down, borrowing billions, killing the coal industry, thousands out if work, she is either completely unfit to be premier because she does not understand the gravity of the situation or she understands the situation alright but her priority is global warming no matter what.
commented 2016-05-20 23:41:48 -0400
All ‘democratic’ socialist governments, whether in Venezuela, Ontario or Alberta, have basically the same mentality: to put the economy so far into the sludge bucket, with half the population unemployed and on welfare, that they are forced to keep electing the socialists to keep getting the welfare payments they need to live on.
commented 2016-05-20 23:29:53 -0400
Albertan’s can’t continue ignoring this mess. It’s time for a march in the Legislature.
commented 2016-05-20 22:16:53 -0400
Would have been here sooner but I had to clean up tonight’s supper. I puked it all over the floor after seeing those two crusty old hags. This is the new version of the Queen’s Plate. A race to the bottom by two old nags. Both of them should be off to the glue factory. What the fuck is wrong? Where’s our province? Where’s our country? I never thought I would ever consider revolution, just thinking!!!

DJBT and the rest
commented 2016-05-20 21:50:41 -0400
Have a good holiday weekend SHEILA