Usually when a province or country is in recession they run a deficit. Our federal government ran big deficits in 08 and 09, for instance. Considering that Alberta is the hardest hit by the current recession, it’s not surprising that they’re going into the red. And in fact the federal projected surplus this year could well turn into a deficit.
Ontario, which is going to have one of the highest economic growth rates this year, has no excuse though.
Who’s to blame for handing the keys to the vault over to an NDP in majority status?
Who’s to blame for handing over the keys to the vault in Ontario to a Liberal scandal ridden, corrupt pack of proven liars?
We all know the answer, there’s only one.
“Usually when a province or country is in recession they run a deficit.” Reasoning(?) straight from a socialist. I am surprised Moody’s took so long to thrash AB. Justin….do you understand the difference between recession and deficit? A recession is caused by idiots in government. A deficit is when you max out your credit card, and whine they won’t give you more lending power. Then you tax the companies who are bringing monies into the province, (gas, oil) and wonder why they are spooling down or leaving. AB will become Ont. writ large, and in a very short time. Notley is going to make the Whinner look good.
I find it interesting that Rachel Notley is unable to present a budget until AFTER the 2015 federal election, in order not to spill the beans on what Angry Tom Mulcair has in mind for the Rest of Canada in his own federal budget, should the RofC be stupid enough to elect him, while at the same time she knows she needs $6 billion in additional cash.
your last name wouldn’t be … nah?
Alberta was running a $4 billion deficit in good times. The NDP hogs are going to be running an $8 billion or more deficit. Alberta handed the key to the treasury to communists. No way are they going to have a budget that shows an $8-10 billion deficit before the federal election. Where the hell is Brian Jean hiding? He should be screaming bloody murder.
I agree Scar!! Brian Jean is a real conservative understands what is going on and is extremely smart and savvy.
But he is a soft leader he is not emotional, he is not in your face and is just all around a nice guy. In other words he is not a good leader.
He should be putting together full on attack ads on tv, on the air just pointing out how stupid the ndp policies are and what they are doing to the economy.
“Stay out of the way when your enemy is making mistakes”
Brian Jean spent 10 years on the Conservative backbenches. I think he should be pointing out how out of control the Alberta NDP are to show federal voters that there is a price to pay for voting communist. My honest guess is that the deficit will come in at $8 – 10 billion. Prentice had it at $5.5 billion and they reversed his myriad of tax increases and dropped his spending cuts. Plus the commies are scaring the hell out of big business with talk of environmental stuff and raising royalties plus a 20% increase in income taxes. Government revenues are in the process of drying up.
You picked a fine time to vote NDP Lucille.
Even the real Communists don’t believe in this communism crap anymore:
“During the time of the Soviet Union the role of the state in economy was made absolute, which eventually led to the total non-competitiveness of the economy. That lesson cost us very dearly. I am sure nobody would want history to repeat itself. . . . There are no grounds to suggest that by putting the responsibility over to the state, one can achieve better results.” – Vladimir “Stalin-Lit” Putin
eNDeePee throwing fuel on the recession fire….
in 4 years anybody else will look better.
PC’s own worst enemy. good-bye.
Dan in BC you are very correct but in all honesty that cannot be allowed here even with full opposition they are steam rolling our economy, it is beyond them that we are in a tough spot economically they think we are still in “boom”times they are very ignorant. Just not a time to let them just run roughshod over everything Alberta stands for.
The NDP are just a single letter to the left of NEP but the consequences for their election will be much worst.
Let this be a lesson to fiscal conservatives everywhere. If you balance budgets and live within your means…all you’re doing is setting up a comfortable stage for future leftists to come in and spend even more.
Ralph Klein should never have bothered to pay down the debt like he did. As soon as he paid off the debt in 2004, the PC’s turfed him and Special Ed came in and ran a left-of-centre government with the surplus. Then Alison Redford came in and tried to do the same. Then Albertan’s got tired of pretend leftists and just decided to go all in on real ones.
We’re now going back down the Getty path in which we’ll rack up tens of billions in debt before hitting the fiscal wall and then real pain will come to us in the form of bankers orders like in the 90’s.
If Harper wins this fall he should cut the GST, increase military spending, triple the UCCB and kickstart infrastructure projects that will actually matter to future Canadians. If this means running $30 billion annual deficits…so be it. Why live small only to allow a future Trudeau or Mulcair to come in and use the savings for social justice baloney?
As for Brian Jean. He needs to sit back and let the NDP do what they’re going to do. He’s got four years to win people over one-on-one, and face-to-face…the NDP will dig their own grave.
At some point in the next couple of years, both the governments of BC and Sask. are going to publicly thank the NDP for sending so much capital to their provinces.
The combination of continued long term low oil prices, added political costs to existing petro and pipeline projects combined with degenerate socialist borrow-spend largess to patrons, ensures A made in Alberta recession – this will be about as severe as the economic winter Alberta suffered under the NEP – NDP-NEP redux.
Remember when every 3rd licence plate in Calgary was from Sask, – influx of 20-30 something workers economic refugees from NDP kleptonomics? Well that is about to occur again in Saskatoon as Alta NDP refugees seek oil patch work – Be a good time for Wall to open up Bakken fully – lots of experienced transient labor from Alta.
The NDP is playing fast and loose with Albertans.
It will cost us plenty today and tomorrow.
But, would a Prentice gov’t have been much better ?
Yes, but not much. The bumper sticker in the 80’s was along the lines of ” please give us another oil boom, I promise not to piss it away this time ”
Well, we got it and we yellowed ourselves again.
There is no way that this province should be borrowing money after the prosperous decade that we just had, but 8 months of low oil prices and we are hobbling about with cap in hand.
Notley is the bomb, but Redford, Stelmach, and Prentice were the fuse. We lit it.
Producing wells will keep producing but when they need work it won’t be done. The communist government needs to let oil companies know what their intentions are so they know how long to plan the shutdowns for. The NDP looks like they are planning to tax their way out of a recession. Has that ever worked before? If they are going to hose business, let them know so they can switch their investment to friendlier climes like South Sudan.
Brian Jean isn’t even a Conservative, he’s very much a Red Tory.
Nice guy or not, He’s a disaster for fiscal conservatism in this province. Jean capitulated to the NDP in the election and legitimized them.
Usually when a province or country is in recession they run a deficit. Our federal government ran big deficits in 08 and 09, for instance. Considering that Alberta is the hardest hit by the current recession, it’s not surprising that they’re going into the red. And in fact the federal projected surplus this year could well turn into a deficit.
Ontario, which is going to have one of the highest economic growth rates this year, has no excuse though.
Who’s to blame for handing the keys to the vault over to an NDP in majority status?
Who’s to blame for handing over the keys to the vault in Ontario to a Liberal scandal ridden, corrupt pack of proven liars?
We all know the answer, there’s only one.
“Usually when a province or country is in recession they run a deficit.” Reasoning(?) straight from a socialist. I am surprised Moody’s took so long to thrash AB. Justin….do you understand the difference between recession and deficit? A recession is caused by idiots in government. A deficit is when you max out your credit card, and whine they won’t give you more lending power. Then you tax the companies who are bringing monies into the province, (gas, oil) and wonder why they are spooling down or leaving. AB will become Ont. writ large, and in a very short time. Notley is going to make the Whinner look good.
I find it interesting that Rachel Notley is unable to present a budget until AFTER the 2015 federal election, in order not to spill the beans on what Angry Tom Mulcair has in mind for the Rest of Canada in his own federal budget, should the RofC be stupid enough to elect him, while at the same time she knows she needs $6 billion in additional cash.
your last name wouldn’t be … nah?
Alberta was running a $4 billion deficit in good times. The NDP hogs are going to be running an $8 billion or more deficit. Alberta handed the key to the treasury to communists. No way are they going to have a budget that shows an $8-10 billion deficit before the federal election. Where the hell is Brian Jean hiding? He should be screaming bloody murder.
I agree Scar!! Brian Jean is a real conservative understands what is going on and is extremely smart and savvy.
But he is a soft leader he is not emotional, he is not in your face and is just all around a nice guy. In other words he is not a good leader.
He should be putting together full on attack ads on tv, on the air just pointing out how stupid the ndp policies are and what they are doing to the economy.
“Stay out of the way when your enemy is making mistakes”
Brian Jean spent 10 years on the Conservative backbenches. I think he should be pointing out how out of control the Alberta NDP are to show federal voters that there is a price to pay for voting communist. My honest guess is that the deficit will come in at $8 – 10 billion. Prentice had it at $5.5 billion and they reversed his myriad of tax increases and dropped his spending cuts. Plus the commies are scaring the hell out of big business with talk of environmental stuff and raising royalties plus a 20% increase in income taxes. Government revenues are in the process of drying up.
You picked a fine time to vote NDP Lucille.
Even the real Communists don’t believe in this communism crap anymore:
“During the time of the Soviet Union the role of the state in economy was made absolute, which eventually led to the total non-competitiveness of the economy. That lesson cost us very dearly. I am sure nobody would want history to repeat itself. . . . There are no grounds to suggest that by putting the responsibility over to the state, one can achieve better results.” – Vladimir “Stalin-Lit” Putin
eNDeePee throwing fuel on the recession fire….
in 4 years anybody else will look better.
PC’s own worst enemy. good-bye.
Dan in BC you are very correct but in all honesty that cannot be allowed here even with full opposition they are steam rolling our economy, it is beyond them that we are in a tough spot economically they think we are still in “boom”times they are very ignorant. Just not a time to let them just run roughshod over everything Alberta stands for.
The NDP are just a single letter to the left of NEP but the consequences for their election will be much worst.
Let this be a lesson to fiscal conservatives everywhere. If you balance budgets and live within your means…all you’re doing is setting up a comfortable stage for future leftists to come in and spend even more.
Ralph Klein should never have bothered to pay down the debt like he did. As soon as he paid off the debt in 2004, the PC’s turfed him and Special Ed came in and ran a left-of-centre government with the surplus. Then Alison Redford came in and tried to do the same. Then Albertan’s got tired of pretend leftists and just decided to go all in on real ones.
We’re now going back down the Getty path in which we’ll rack up tens of billions in debt before hitting the fiscal wall and then real pain will come to us in the form of bankers orders like in the 90’s.
If Harper wins this fall he should cut the GST, increase military spending, triple the UCCB and kickstart infrastructure projects that will actually matter to future Canadians. If this means running $30 billion annual deficits…so be it. Why live small only to allow a future Trudeau or Mulcair to come in and use the savings for social justice baloney?
As for Brian Jean. He needs to sit back and let the NDP do what they’re going to do. He’s got four years to win people over one-on-one, and face-to-face…the NDP will dig their own grave.
At some point in the next couple of years, both the governments of BC and Sask. are going to publicly thank the NDP for sending so much capital to their provinces.
The combination of continued long term low oil prices, added political costs to existing petro and pipeline projects combined with degenerate socialist borrow-spend largess to patrons, ensures A made in Alberta recession – this will be about as severe as the economic winter Alberta suffered under the NEP – NDP-NEP redux.
Remember when every 3rd licence plate in Calgary was from Sask, – influx of 20-30 something workers economic refugees from NDP kleptonomics? Well that is about to occur again in Saskatoon as Alta NDP refugees seek oil patch work – Be a good time for Wall to open up Bakken fully – lots of experienced transient labor from Alta.
The NDP is playing fast and loose with Albertans.
It will cost us plenty today and tomorrow.
But, would a Prentice gov’t have been much better ?
Yes, but not much. The bumper sticker in the 80’s was along the lines of ” please give us another oil boom, I promise not to piss it away this time ”
Well, we got it and we yellowed ourselves again.
There is no way that this province should be borrowing money after the prosperous decade that we just had, but 8 months of low oil prices and we are hobbling about with cap in hand.
Notley is the bomb, but Redford, Stelmach, and Prentice were the fuse. We lit it.
Burn baby Burn,
Anyone want to rent some cheap class A office space downtown Calgary?
http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/as-oil-prices-plummet-calgary-reaches-record-levels-of-unleased-office-space/article25610756/
Producing wells will keep producing but when they need work it won’t be done. The communist government needs to let oil companies know what their intentions are so they know how long to plan the shutdowns for. The NDP looks like they are planning to tax their way out of a recession. Has that ever worked before? If they are going to hose business, let them know so they can switch their investment to friendlier climes like South Sudan.
Brian Jean isn’t even a Conservative, he’s very much a Red Tory.
Nice guy or not, He’s a disaster for fiscal conservatism in this province. Jean capitulated to the NDP in the election and legitimized them.