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.

THEY SHOULD BE!

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. 

Hundreds of millions more is being added to the provincial debt, by Christy Clark and the BC Liberals.  That's much the same -- no it's actually identical -- to what was happening with the NDP government who held power before them.

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.

Let's look at it this way.

Christy Clark can say her Liberal government is being fiscally responsible, and accountable, with taxpayer dollars.  
 
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 Kamloops, with the thoughts of one conservative.

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.

Is this the government plan --- 'we'll just write it off'
A media report from the BC Conservative Party also stated that:
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:
  • 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.