The BC government rejected debt reduction as a way to ensure the future prosperity of the province back in 2006. The budget for 2009/10, in classic pre-election form, throws the notion of fiscal responsibility completely out the window. Big spending increases mean the debt may skyrocket to $47 billion in 2011 (from $37.5 billion now).
Too bad about the babies born that year. They will owe about $10,000 each.
Our government is so focused on leaving a legacy, it doesn't seem to notice that the legacy it's leaving to tomorrow's children is a legacy of debt.
Friday, March 27, 2009
Fiscal Child Abuse
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