My viewpoint on political happenings in BC ... and odds and ends of this and that
Showing posts with label provincial debt. Show all posts
Showing posts with label provincial debt. Show all posts
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.
Sadly, none of this should have been news to Christy Clark and the BC Liberals.
Right after the news update, CKNW's Bill Good then asked what people thought of the increase ... and if they were concerned.
IF the media made it clear (if they themselves even understand it) people would indeed be VERY concerned, with the long term results, of these ever increasing annual budget deficits! The DEBT is ballooning, and it has to get paid at some point. We cannot simply keep on borrowing.
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.
A six year old can also claim to be a rocket scientist.
Neither is true ... but at least 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'm Alan Forseth in
Sadly, none of this should have been news to Christy Clark and the BC Liberals.
Right after the news update, CKNW's Bill Good then asked what people thought of the increase ... and if they were concerned.
IF the media made it clear (if they themselves even understand it) people would indeed be VERY concerned, with the long term results, of these ever increasing annual budget deficits! The DEBT is ballooning, and it has to get paid at some point. We cannot simply keep on borrowing.
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.
A six year old can also claim to be a rocket scientist.
Neither is true ... but at least 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'm Alan Forseth in
Friday, September 14, 2012
Given their own track record, hardly a peep can be heard from the NDP
Yesterday, BC Conservative Party Leader John Cummins asked, “Why is it so difficult for the BC Liberals
to be truthful about the province’s finances?”
He asked that after Finance Minister Mike de Jong released BC’s first quarterly report for the budget year 2012/13.
He asked that after Finance Minister Mike de Jong released BC’s first quarterly report for the budget year 2012/13.
![]() |
| Is this the government plan --- 'we'll just write it off' |
Cummins noted that the BC
Liberals have a long history of deception and deceit regarding British
Columbia’s finances.
This history of deception however goes back a lot longer than the BC
Liberals time in office, and as one person I know said; “sadly...most people just do not want to know.”
This is nothing new --- and nothing recent for that matter.
Regrettably I found that to be true when I ran for the BC Reform Party
in the 1996 provincial election ... and sadly nothing seems to have changed
since then.
Too many people only want to hear the sky is 'blue', even if there's storm
clouds roaring in, and howling winds right behind.
I’m going to toss some numbers out ( your eyes will now glaze over) on BC’s provincial debt. These are numbers that I would guess no more than five or ten percent of the population are even aware of:
I’m going to toss some numbers out ( your eyes will now glaze over) on BC’s provincial debt. These are numbers that I would guess no more than five or ten percent of the population are even aware of:
- when the NDP took power in '91 the provincial debt was $17.26 Billion
- when the BC Liberals took power in 2001 the provincial debt had hit $24.9 Billion
- by 2011 the Liberals had taken the debt to $45 Billion
- and for 2014/15 the Ministry of Finance has projected that provincial debt will exceed $66 BILLION
Tuesday, January 24, 2012
What I see in those headlines is shifting values, shifting beliefs, and shifting principles.
“bc liberals, christy clark,
shift to right”
Type those words into your nearest Google Search Engine, and
immediately you will get a number of media releases and story titles pop
up.
If you weren’t already aware, here’s one thing you should know. With the search engines -- like Google, Bing,
Yahoo, etc -- things don’t just ‘pop up’ without there being the written word. And for there to be the written word, there
has to be change, or a spark of something different, being talked about and
discussed.
![]() |
| BC Premier Clark, with Prime Minister Stephen Harper |
For example, the Globe and Mail on January 15th had a story headlined,
“Clark flirtation with the right predictable, dangerous”.
A couple days earlier a story came out in the Vancouver Sun; “Hockey game helps Clark punctuate a
right-wing shift”
Three days ago the Globe and Mail had another story that came up using
the same search ingredients … “For BC's
Liberal Premier, Harper conservatism the key
to success”
Here’s another one, this time from Yahoo News Canada … “Stephen Harper helps BC's Christy Clark appear more conservative”
What I see in those headlines is shifting values, shifting beliefs, and
shifting principles. I have to say, given
that; I would find it a bit disconcerting to be a member of the BC Liberal Party
right now. After all how would you know,
from one week to the next, what direction the party is taking?
When the BC Liberals emerged from the political desert, led by Gordon
Wilson, they seemed to have a tilt to the lift of the political spectrum. When Gordon Campbell ousted Wilson from the leadership
of the party, the Liberals took a swing in the other direction, and for several
years became what many would consider to be a fiscally conservative party and government.
Labels:
bc,
bc conservative party,
bc conservatives,
bc liberals,
christy clark,
conservative,
deficit,
gordon campbell,
gordon wilson,
harper,
john cummins,
kevin falcon,
provincial debt,
right-wing
Subscribe to:
Posts (Atom)

