And then there were four.
NEW – @MoodysInvSvc downgrades #Alberta rating to Aa1; outlook remains 'negative' #cdnpoli #cdnecon #abpoli pic.twitter.com/CQBuqwP2jC
— Richard Madan (@RichardMadan) April 25, 2016
And then there were four.
NEW – @MoodysInvSvc downgrades #Alberta rating to Aa1; outlook remains 'negative' #cdnpoli #cdnecon #abpoli pic.twitter.com/CQBuqwP2jC
— Richard Madan (@RichardMadan) April 25, 2016
Evidently, Red Rachel, et. al., have trouble comprehending the fundamental economic concept that one should never spend money one doesn’t have.
Hey Alberta,
Welcome to Ontario.
You voted for this.
The New dictatorship Party attracts the sort of voter who sincerely believes 2+2 = 22
Likely because they have an MSW, or Urinalism degree etc, and know in their heart of hearts they are more compassionate than thou™.
Much like the Liebranos in Ottablwaghhh. (sorry, happens every time I think of that resource sucking black hole)
And the other kleptpcracy in OntariOweOweOwe…
As someone famous once said “Enjoy the decline”
“Unconstrained debt burden”
That is very strong language from a ratings agency.
As if that wasn’t enough for Alberta to lose their ratings, try this for size!! Another no brainer from the east!!
http://news.nationalpost.com/full-comment/andrew-coyne-funding-government-projects-through-public-pension-plans-a-terrible-idea
Infrastructure funding?? Can you imagine the Quebec construction industry, the Liberals and the Mafia with their hands in a pot worth 150 billion? The money will be in the Cayman Islands and they won’t have built a garden shed!!
Well all the media scum went ballistic when Jim Prentice looked at the blonde idiot and said “maths hard in the debate, and they made sure they attacked Prentice until they got their leftie hero Rach into power, so live it and love it you idiots that voted for this clown commie and paid for a newspaper to tell you how stupid Prentice was, here it is, Saskatchewan circa 2000, tax the useful, give to the useless.
Imagine Nutley’s surprise when she realized there wasn’t a big money tree growing within arms reach of the window in the Premier’s office.
How on earth is she going to fund the new state religion, The First Church of Climatology?
Oh, but such wonderful comments above capped by Frank Q’s, “You voted for this”. This what people who think there is a free lunch deserve and ultimately get. To be fair though, the Alberta mess was created by so-called conservatives and Commissar Rachel inherited it and made it worse.
The current government of Alberta is larger extremists forcing the “fundamental changes” as one current president put it, on the ignorant voters of Alberta.
The projected deficit of billions of dollars in a jurisdiction of some 4 million men, women, old, young, children and babies, perhaps more than half of them taxpayers, is a definition of extremism. The projected deficit will be surpassed by an actual deficit by a few billions. Watch for it.
It may not bother the voters that voted for the extremists and there are not enough to oppose the program.
Over the term of the current government there are going to be so many people that will get hooked on the free stuff, it will be unlikely that things are going to change much. mi
I think she’s more concerned on how she’s gonna pay all those civil servants she has, especially the 50,000 recent new hires since she took The Big Chair & all those out of province “advisers” who commute weekly. That’s where all that “pipelines needed” is coming from.
I’ve closed my business lately & fired me & the wife (as have plenty more of us small timers) so the .gov can’t tax blood from zero income. There isn’t any to tax, or very little left out here. Crunch time is coming for the perpetually 3% annual raise groupies. Expect the .gov to do what it’s always done; tax the peons where it hurts, via extra fees, while protecting their own. She’ll have to pull a Ralph soon, or get buried in debt.
She ain’t gonna last 3 more years on ideology alone. As for you all crowing “you voted for ’em” cheerleaders….I certainly didn’t, in fact close to 60% of us didn’t. You can blame the closet LPOC & NDP hiding out under the Progressive “Conservative” banner for that problem, including Prentice & his bunch of stupid political hacks by calling the election before it’s time. He didn’t need to. Fat head. He should be looking in the mirror. Most of all real conservatives voted WR, not PC.
there are those in here who used to laff at Ontario, ho ho ho……..now who’s laffing at whom:-)))
All the true conservatives voted for the Wild Rose. The delusional voted for the corrupt progressives, thinking they were a conservative party and the gimme dats voted for knothead. I am amused by the disgruntled mumblings coming from Calgary City Hall over their latest tax increase. Even the liberal progs at city hall recognize the damage the commies in Edmonton are doing. A plus six percent tax hike this year with more to come in the next few years when the carbon tax gets rolled out. Municipalities are not exempt.
Panama is looking like a nice retirement place. No tax on foreign income, nice weather most of the time, and with the uptick in violent crime here and no forseable tax relief in sight, I will be looking at it as a viable option.
Not entirely true. While the PC’s screwed things up (well at least during the Stelmach and Redford years), the NDP has made things MUCH worse. First of all, the provincial NDP were very much in the anti-pipeline, anti-fossil fuel camp and many of their operatives and MLA’s remain within the party although they are simply hiding now in the weeds. The NDP has made things MUCH worse in a very short period of time.
If the NDP REALLY wanted to come up with a job creation plan, they could do so with only 2 words and about $20 million rather than the 1000’s of words that came out of the mouth of Joe Ceci and the untold billions they are going to flush down the toilet…..the two words are “we resign” and the $20 million to call a new election. That would create more jobs in a week than anything the NDP can pretend they can create with their out of control government.
And then there were four what?
Don’t forget that many NDP members are hard-core communists. They yearn to create the ideal state, even though communism has consistently failed. They look upon each of those failures as examples of what not to do. Each socialist, left-wing government that came along since the 1917 revolution believed “this time, it’ll be different and we’ll get it right”.
Don’t expect Notley Destructive Politburo to abdicate until they’re voted out of office. The revolution must continue and must be completed at all costs, after all.
Credit downgrades.
unfortunately these stupid people cause grief for those of us who are just a wee bit smarter than the average socialist.
Not quite Ken.
The mess was started under PROGRESSIVE conservatives (an oxymoron really) and made worse by super duper PROGRESSIVE Notley.
What makes it worse is knowing that taxpayers will be forking out undeserved dollars to her for the rest of her useless life. There should be no pensions for politicians.
Agreed, and that was what I meant when I said so-called conservatives. Most progressive conservatives are only Liberals in disguise.
Saw that coming … three provinces away. I’m just waiting for the year 3 “no other option but to reduce government expenditures given the bleak outlook in the oil & gas industry and the lack of cooperation from other provinces in helping Alberta bring its product to tide water” speech.
Prentice is the Lefty who was the leader of the Leftwing Progressive conservative Party of Alberta.
The PCs, Prentice included, only paid lip service to the idea of balanced budgets while increasing deficit spending and growing the Alberta government.
The NDP is in power because people like you voted PC instead of Wild Rose.
This is all just abstract economic terminology to the average man, woman, and Q on the street … UNTIL … it takes 10 of their dollars to pay for just 1 dollars worth of increased taxes.
This is what the 3rd, 4th down grade since the ndp took over? It wont be the last.
It’s going to get very interesting and expensive for taxpayers in AB once negotiations with the government labor unions commence. The unions are expecting a major breakthrough, and they should. Mrs Notley is their person she is one of them.
More downgrades are on the way.
Oz; Prentice headed a progressive provincial conservative party. He is no different than the bunch now circling the leadership head of the federal CPC. As a group so much smarter than the Harper group. So much more empathetic doncha know.
Even from B.C. I have supported Wildrose from the beginning. I used to send Link Byfield donations. The last cheque I sent was returned by Link with a nice note that Wildrose would no longer be accepting money from out of province. Classy and principled. I really miss Ted Byfield’s reasoning and thought out messages.
I miss the Byfields too.
Funny how every productive member of society understands N.D.P.
Never Done Paying.
Alberta racing for junk bond status in 3 years.
Amen Ken…and let’s not forget Ms. Smith and her coat of many colours.
Face it, as the makeup of any province becomes more urbanized, the population becomes more dependant, more shameless, and more full of useless parasites and brainless fools who will vote for tits like turdo la doo, notley, dildo McDinky, and Ontario’s lying wynnebag.
Ontario, with an ever-larger chunk of its population living in urban centres is irretrievably screwed. Alberta? It’s only a matter of time.
Alberta needed a famine, so what?
I’m already buying into good fire-sale deals, and highway #2 traffic is down by half on an average day. Need a good campground this summer, book away. It’s about time!
Did anyone read about the outflow of migrant deadbeats lately, or the “Temporary” Foreign Workers getting kicked out as their visas expire? What’s not to like about this streamlining of our “hot” Alberta economy and demographics?
A perfect economic crisis at our time of need.
BTW Frank Q – 60% of eligible Alberta voters did not vote NDP, you’ll see that come around in the next election to be sure. In the meantime smart Albertan’s are making serious hay out of this downturn.
Maybe you’ve missed the supreme irony here, Jamie. At the same time as the Alberta downgrade, Moodys upgraded Ontario long term debt from negative to stable.
Meanwhile, there’s a big auction in Nisku. I heard that several thousand pieces of equipment are up for sale.
Meanwhile, the boss of a major trucking company stated in his firm’s last annual general meeting that Alberta is in a depression now.
Some streamlining….
B >
Heh, wait until the NDP are forced to cut the equalization payments. Sunny days.