Tuesday, April 25, 2006

The Pulp Mill that Keeps on Giving

Like a bad horror flick or re-occurring nightmare, the Meadow Lake Pulp Mill continues to saw and hack its way through the pocket books of Saskatchewan taxpayers.

To date the Meadow Lake Pulp Mill has cost taxpayers $937 million. Approximately $110 million in loans have been written off, causing the Investment Saskatchewan Crown Corp to post an $88 million dollar loss.

9 comments:

Anglo-Canadian said...

I don't understand... why don't governments just cut their loan agencies off and let them work like any other venture capital funds? They would still get the "glory" for successes... Right now, it sounds like crown corporations don't care at all if they make bad decisions that lose money.

Adam Taylor said...

They don't care.

It's someone else's money.

Nobody spends others' money as wisely as one would spend their own.

maryjane said...

Tanis, Adam.... At risk of sounding like a broken record, the billions ploughed into agriculture is someone else's money. Or don't YOU care.

Anonymous said...

maliscious maryjane, if you hate farmers so much, quit eating!

maryjane said...

anon...I don't hate farmers, but I do like food.

Sask.Taxpayers Federation said...

With the Meadow Lake Mill and P.A it affects 10,000 workers across the north. For cricesakes can't something be done.

David MacLean said...

It's a huge issue. But we've been propping this thing up for far too long. There is a limit to everything.

maryjane said...

Not farm subsidies,apparently.

Anonymous said...

how much is spent subsidizing the medicare system every year? hundreds of billions too much!

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