Quote:
Originally Posted by Genauso
They'll pay down debt on paper, but it's a lie.
They just take cash out from Crown Corporations like BC Hydro or ICBC, and leave a debt on those books. Just like all the Public-Private-Partnerships have debt that isn't counted officially on the Province's books, even though the Port Mann bridge is a blackhole sucking up transportation funding. The truth is it's their debt if they can't stop making payments on it.
If it weren't for real estate taxes, the picture would be terrible. Mining, forestry, oil&gas... not contributing what they used to, Clark's number one priority and grand vision of LNG that she campaigned on is literally a big fat zero. She wouldn't be closing schools ahead of an election if the situation weren't a disaster
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You do have to give Clark the benefit of the doubt, as I doubt many people could have predicted the collapse in oil and gas prices we've experienced in the past few years. If it wasn't for that, which was completely out of her control, her LNG plan would have been a huge boost for our economy.