Wednesday, July 11, 2012

Both of these things are happening with the Liberals, in the same way as they occurred under the NDP


Last night on Global TV news out of Vancouver, I heard Christy Clark talking about not wanting to go back to the horrible debt of the NDP -- and to the days when people were leaving the province for better jobs and lower taxes.

Is she serious?? Does she really have no idea what her BC Liberal Party's track record is??

She obviously is unaware, or pretends not to know, that the BC Liberals have doubled the provinces debt from $30 to $60 billion. She also seems to be unaware, or not to know, anything about last year’s Fraser Institute report that shows there are now MORE people leaving the province than are moving here.

Both of these things are happening with the Liberals, in the same way as they occurred under the NDP.

It is becoming more and more obvious neither of these choices are what BC needs.

Adrian Dix smiles a lot and doesn't say anything to ruffle feathers - but we are not hearing anything on how he will govern ... what his economic policies will be ... his taxation policies ... his plans to settle contracts with government unions ... etc.

There is only one real choice for smaller common sense government -- and that choice is the BC Conservatives!

I posted the above on my Facebook page last night, which elicited a response from soon to be retiring Kamloops South Thompson Liberal MLA Kevin Krueger who said:


NDP debt was credit card debt - borrowed to spend on their friends, and operating. That is very different from debt for capital items: roads, bridges, hospitals, universities, schools... as most people's mortgage debt enables them to live in, and pay for, their homes - but credit card debts are high interest and destructive.

Our free enterprise coalition has had the courage to build what British Columbians need - name one construction project you think was a bad choice? We have also created the conditions for a thriving economy and great revenues to pay those capital debts off. The rating agencies give us Triple A - the highest possible. You BC Conservatives have a lot to learn, to be taken seriously at the polls
.

There is indeed good debt – and bad debt – but I can only agree with a portion of what he had to say, which is why I responded to his comment by stating:

Kevin ... I cannot argue with good capital spending ... however wasteful everyday spending is what I cannot agree with -- that is the day to day spending that is creating a never ending annual deficit. That gets added to the also increasing debt and we have a future bubble that will have to burst at some point.

Call it what you will, but debt is debt ... and all of it has to be paid for eventually --- and all of it will have accumulated interest on it.

Over a year ago, when the debt was still in the mid $40 billion range, the Canadian Taxpayers Federation stated we were paying over $6 million EACH DAY just to pay the interest on that every increasing debt.

That's worse than someone who is making the minimum payment on their credit card -- at least they are slowly (very slowly) making a debt in the principle.

In this case however the debt continues to pile up every day --- and somewhere down the line the creditors will say, "Enough, no more, start paying down the principle"

Sorry Kevin, but with all due respect, I cannot accept this government has been fiscally responsible. There is nothing responsible about saddling future generations with a legacy that is a mountain of debt.

Good projects or not, we cannot simply keep going to the bank to borrow money, without at least paying off the earlier bills we have accumulated.  That is reality for each of us as individuals --- and it is the reality for government as well.

Government had better get a handle on its spending soon, or we’ll be drowning in a mountain of debt … debt that someone will have to pay.

Any comments you have on this topic are welcome, and I'd be glad to hear them, so feel l free to post your thoughts and ideas.

I’m Alan Forseth in Kamloops … with the thoughts of one conservative. 

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