Friday, March 24, 2006

Boom-bust lesson lost in Alberta

Lorne Gunter in the Edmonton Journal:

In just the past 10 years, the Klein government's program spending has gone from $12.7 billion to $28.1 billion. The amount it spends, not including debt servicing payments, has increased by 121 per cent.

It is outrageously irresponsible.

Spot on.


YYC said...

To be fair you'd have to account for an average inflation increase of 22% over a 10 year period as well as an 18% population increase.

Some of the spending in 2006 also includes additions to various endowment funds (Heritage Trust Fund, Post-Sec endowment fund, Cancer fund etc.)

David MacLean said...

22 per cent inflation and a 56 per cent increase in government spending.

sask.taxpayers federation said...

It costs a lot to buy votes. I wonder how much of this money is unaccounted for. When you have billions you start to wonder are there and checks to keep track of spending. Does Alberta have a provincial Auditor? There is room for corruption.

leftdog said...

What has happened in Alberta reminds me of the wisdom of Mr. John Cleese (of Monty Python's Flying Circus Fame) when he said the following revered words:
"Let's just hope that there IS intelligent life in outer space, because there is bugger all down here on earth".
Have a good weekend!

John Murney said...

As long as revenues are exceeding expenditures, I don't have a problem with it.

If the party ever ends, all it will mean is that government will have to institute painful spending cuts.

CTF You Tube Channel

Canadian Taxpayers Federation's Fan Box