Mike’s Saturday Editorial
U of Calgary economist, Trevor Tombe shocked the province with his projection on the size of the deficit in the coming decades if nothing changes. It’s unsustainable but is there the political will to do anythng about it.
Deja vu all over again. We’re back to the old time Liberal borrow and spend budgets – even in good times. Plus John Johnston drops by to talk what to do with your investments in today’s volatility while Ozzie Jurock cowers at the thought of new vacancy control. And don’t worry – there a great (and richly deserved) goofy.
The scorecard for cancelling and delaying pipelines in Canada: record shipments by rail and truck = higher CO2 emissions. Massive discount on Canadian oil = $15 billion loss for Cnd. economy and up to $4 billion loss for Alberta treasury this year = less money for services like healthcare. And opponents call that winning.
Everytime there is a fiscal update there is a lot of ideological talk about tax fairness. Despite what economists will tell you is fair, politicians always go for votes over the fair and responsible solutions.
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Bolstering Trudeau Re-Election Doesn’t Justify Debt
Posted by Michael Campbell
on Sunday, 25 November 2018 21:05
If we’re going to take on more debt even when times are good, there better be a good reason tied to making the economy more productive. Pet projects and special interests don’t cut it.