The Notley NDP released their latest budget this week and it's bad. Real bad.
Alberta is currently $54 billion in debt, paying nearly $2 billion annually to bankers and lenders in debt servicing costs.
By 2021, Alberta will be $77 billion in the hole, paying nearly $3 billion per year to service the debt.
By 2023, Alberta's debt will balloon to nearly $100 billion, and we’ll be paying nearly $5 billion per year to bankers and lenders to service the debt with nothing to show for it in return.
This level of reckless spending and burdening future generations with irresponsible behaviour today, is immoral.
But the way Rachel Notley plans to pay for it all is downright crazy.
The NDP Finance Minister admits that the only way to bring Alberta's finances under control is to cheer on the federal government while they tax us more.
The NDP are either out of ideas or they're not even trying anymore.