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.
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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