Doesn’t matter who runs the show

When the Socreds left office in 1991 the total provincial debt was $19 billion.

When the Socreds left office in 1991 the total provincial debt was $19 billion. A decade later under the NDP it had doubled to $38 billion and this year Liberal Finance Minister Kevin Falcon is projecting that it will reach $62.7 billion by 2013-14.

It has not mattered whether it was an NDP or Liberal government in power in this province; since 1991 the increase in public debt has averaged $1.9 billion a year. In effect the public debt has grown at a rate of 15 per cent per year, far above any expansion of the economy or the rate of inflation.

What’s the point of cutting personal and corporate income taxes, as both the NDP and Liberals have done in this province, if we have had to borrow an average of $1.9 billion per year to pay for those tax cuts?

Further, sooner rather than later, the cost of borrowing that $62.7 billion is going to cost us, the taxpayers, a lot more than the $19 billion debt left by the Socreds.

In politics, if you think something is too good to be true, then it usually is.

Just like you cannot let the social fabric of a society or the environment that surrounds us unravel, so too can you not be fiscally irresponsible in government.

Andy Shadrack

Kaslo

 

Just Posted

Kootenay fires grow — more evacuation alerts

Syringa fire prompts evacuation alerts plus HWY 3 closure and U.S. fire crosses into B.C.

Evacuation alert for Syringa and Deer Park

The Syringa Creek Fire grew Saturday resulting in evacuation alerts.

‘Beauty amongst such tragedy:’ B.C. photographer captures nature’s trifecta

David Luggi’s photo from a beach in Fraser Lake shows Shovel Lake wildfire, Big Dipper and an aurora

Smoke scraps MS Bike Challenge

The annual fundraising event cancelled its cycling Saturday because of poor air quality

Nelson’s mural festival: scenes from opening night

Crowds wandered the streets and alleys finding delightful surprises in unlikely places

‘We will not forget:’ Thousands attend funeral fallen Fredericton officers

Hundreds of officials marched in the parade, which included massed band, several police motorcycles

Lions give up late TD in 24-23 loss to Argos

B.C. falls to 3-5, fumbling away last-minute chance in Toronto

Eagle tree cut down legally a 1st for B.C. city

Planned eagle preserve ‘a first for City of Surrey’

Smoky skies like a disappearing act for sights, monuments around B.C.

Haze expected to last the next several days, Environment Canada said

Canadians react to death of former UN secretary-general Kofi Annan at age 80

Nobel Peace Prize-winning former UN leader died early Saturday following a short illness

44 drownings so far this year in B.C.

Lifesaving Society urging caution to prevent deaths while on lakes, oceans and in pools

Some of B.C.’s air quality levels worse than Jodhpur, India

Okanagan, northern B.C. seeing some of the worst air quality globally

VIDEO: Ground crews keep a close eye on largest B.C. wildfire

Originally estimated to be 79,192 hectares, officials said more accurate mapping shows smaller size

Most Read