Saturday, November 18, 2006

Sask: Fictional stabilization fund

Excellent column by Bruce Johnstone in today's Leader Post on the shell game politicians are playing with our money. I've been playing whack-a-mole for the past two days trying to figure out how this new scheme works. So much for transparency...it's more like "metaphysical accounting."

I believe the government is hiding much more than that. I contend that using the GRF and FSF allows the government to bring non-renewable resource revenues into general coffers and spend them like ongoing revenue sources, such as income or sales taxes.

The fact of the matter is Saskatchewan is selling its birthright -- its non-renewable resource wealth -- and using the proceeds to pay for the groceries, such as health care, education and social programs. While there's nothing wrong with spending money on health care and education, those vital programs should be supported by ongoing revenue sources.

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