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| Retiring BC Liberal MLA Kevin Krueger |
I
have spoken on numerous occasions about the rapidly rising debt being created
by the BC Liberals … and their ongoing annual deficits. These are not imaginings, they are fact,
however retiring South Kamloops BC Liberal MLA Kevin Krueger disputes this; as
he stated to me earlier today.
The
following is the conversation we had on this … as well as comments he made
regarding BC Conservative Party leader John Cummins, and the experience we will
be presenting to the voters in next Mays general election
Kevin Krueger: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 B.C. Conservatives have a lot to learn, to be taken seriously at the polls.
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 continue 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.









