Perhaps Spending like Drunken Sailors isn’t Sound Fiscal Policy
July 1, 2009 · By Greg Farries
Did the the Progressive Conservative Party of Canada just give fiscal conservatives in the province $852-million reasons not to vote for them next election?.
Fifteen years of surplus budgets had put Alberta in the enviable position of being debt-free. But now, rocked by a double whammy of a recession and falling energy prices, the debts are piling up again.
Correction, the recession and falling energy prices was (and still is) only part of the problem – the real problem with the Progressive Conservative Party of Alberta is their out of control spending and complete mismanagement of the provincial energy resources. Dating back to the Peter “every dinky town needs a hospital” Lougheed and right up to Ed “fix what isn’t broke” Stelmach, the PC Party of Alberta just can’t seem to say no to anyone.
With the Alberta Alliance on the cusp of electing a new leader, many provincial conservatives I’ve spoken too are asking themselves – what’s the point of electing the Progressive Conservatives again?
Don’t they have a slush fund so they can cover when their revenues drop like this though?
I keep asking, “Where are the PRINCIPLES?”
We’ve got a slush fund, yes but it isn’t near enough to cover current expenditures. The PC government is going to have to look at borrowing cash as soon as next year if they keep going the way they are…
The title of this post is highly inappropriate and insulting because drunken sailors at least have the decency to spend their own money.