[BrutallyDishonest2]

Originally Posted by Treesplease

A lot of people have been advocating for a savings fund for resource revenues - some smart people that I respect. But I don't get it. What are the merits of saving when you are still paying interest on x$billion in debt. Are you going to realize more on investment than you are paying in interest? Maybe but I don't want my tax dollars taking those kind of risks. Definately pay off the debt and hold taxes firm until debt is paid off and then start saving but I don't see the value until then. Alberta certainly could have spent a lot less, kept taxes higher and had a significant heritage fund in place but they blew it.

Maybe this little dip in resource revenue ( i hope its a temporary dip) is good in that it may help curb spending on billion dollar infrastructure projects that are luxuries for all intents and purposes. (I think the east side bypass is a necessity, not a luxury......but the west side.....?)

Heritage funds are a pretty stupid way to deal with the issues.