Wednesday, November 28, 2012
The six year old is only a child playing a game -- the fiscal well-being of our province however, is NOT child's play
I caught news at top of hour this morning (10am - Nov 28th) on the LATEST increases to BC's provincial deficit.
Right after the news update, CKNW's Bill Good then asked what people thought of the increase ... and if they were concerned.
People don't understand what these deficits mean, and are doing, and that is a shame. I also think that is what the government is counting on.
The result of that is millions and millions of dollars, EACH DAY, that are NOT available to provide services to British Columbians. Instead, those dollars ($6.5 million daily!) go to make interest payments on that debt -- payments to foreign countries and financial institutions.