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Alberta, Ontario most likely to face debt crises in long term


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Québec the least likely:

http://www.cbc.ca/ne...ebt-europe.html

Makes sense. Conservatives think too much about the short term and ignore the longer term issues with relying on such things as volatile revenue from energy sources. Ontario is just out of control from a long line of mismanagement from all three parties.

Edited by nittanylionstorm07
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The government of Alberta is about as conservative as Joe Clark's PCs. Incompetent and spendthrift, they've run deficits every year despite huge oil wealth when they should be paying down debt and building up reserves. Morons.

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The government of Alberta is about as conservative as Joe Clark's PCs. Incompetent and spendthrift, they've run deficits every year despite huge oil wealth when they should be paying down debt and building up reserves. Morons.

Ya I don't get that.

Where do the oil revenues go?

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Ontario is only running a deficit because they won't privatize health and cut the public service down to a skeleton crew and reform OW to a productive workfare program.

Likewise they need to reform the education system to be a pay for seating by parents, to subsidize high education system costs offloaded to the government. More initaitive in private schools needs to be taken. The province funds them too much for not having any authority beyond the education act. If boards are so individual and trustees elected locally it should be local government that raises the vast majority of expenses for salaries and buildings. Education shouldn't be costing the provincial goverment.

When you take these segments out it provides a lot of room for fiscally repsonible management of provincial responsibilities.

Paying down the debt should be a #4 priority and done through an actual debt surtax. If it costs 10 billion a year to service debt it means you need to pay more than 10 billion a year to pay just to keep it level not counting deficit spending.

That is $1000/person just to balance the debt... you are looking at a $3600 surtax minimum just for the debt paydown. This is $300 a month from each and everyone just to paydown the debt, it is mandatory.

This of course would be offset for most by privatizing healthcare and instituting premium based health insurance plans except for those living under the poverty line.

Finally about 85% of the provincial workforce is unneeded and can be eliminated by streamlining government process and removing redtape.

Further cost savings can be done by making popular courts of first instance by electing magistrates. Creating a criminal tax, legalizing marijuana through provincial sales, and removing things like speed limits. Also free life insurance plans should be given to people of bad lifestyle that have not informed their insurance companies of their habits, with a 10% cut for their families.

Privatization of all provincial highways with toll gates and/or automated tagging would raise hundreds of millions of dollars.

A ban on paper use in government where the person using the paper had to pay for it.

Turning jails into labour camps.

Increasing royalties on resource extration to include a 50% surtax on profit from extraction in addition to default rates

Also cutting every non necesary program period.

This is what it takes to be fiscally responsible politicians won't own up and stop the program pork barrelling though.

Other things like shutting down mental health facilities, and leaving it to pennetentaries as the sole source if the mentally issued got into actual criminality. One system stream only.

Oh and no private contracts with companies period for anything period.

Ontario has more than enough private slave labour and if among its 300000 employees it can't find the expertise to solve its own needs they are hopeless.

Edited by login
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Ontario is only running a deficit because they won't privatize health and cut the public service down to a skeleton crew and reform OW to a productive workfare program.

Likewise they need to reform the education system to be a pay for seating by parents, to subsidize high education system costs offloaded to the government. More initaitive in private schools needs to be taken. The province funds them too much for not having any authority beyond the education act. If boards are so individual and trustees elected locally it should be local government that raises the vast majority of expenses for salaries and buildings. Education shouldn't be costing the provincial goverment.

When you take these segments out it provides a lot of room for fiscally repsonible management of provincial responsibilities.

Paying down the debt should be a #4 priority and done through an actual debt surtax. If it costs 10 billion a year to service debt it means you need to pay more than 10 billion a year to pay just to keep it level not counting deficit spending.

That is $1000/person just to balance the debt... you are looking at a $3600 surtax minimum just for the debt paydown. This is $300 a month from each and everyone just to paydown the debt, it is mandatory.

This of course would be offset for most by privatizing healthcare and instituting premium based health insurance plans except for those living under the poverty line.

Finally about 85% of the provincial workforce is unneeded and can be eliminated by streamlining government process and removing redtape.

Further cost savings can be done by making popular courts of first instance by electing magistrates. Creating a criminal tax, legalizing marijuana through provincial sales, and removing things like speed limits. Also free life insurance plans should be given to people of bad lifestyle that have not informed their insurance companies of their habits, with a 10% cut for their families.

Privatization of all provincial highways with toll gates and/or automated tagging would raise hundreds of millions of dollars.

A ban on paper use in government where the person using the paper had to pay for it.

Turning jails into labour camps.

Increasing royalties on resource extration to include a 50% surtax on profit from extraction in addition to default rates

Also cutting every non necesary program period.

This is what it takes to be fiscally responsible politicians won't own up and stop the program pork barrelling though.

Other things like shutting down mental health facilities, and leaving it to pennetentaries as the sole source if the mentally issued got into actual criminality. One system stream only.

Oh and no private contracts with companies period for anything period.

Ontario has more than enough private slave labour and if among its 300000 employees it can't find the expertise to solve its own needs they are hopeless.

Actually if the politicians stopped subsidizing private sector profits with our money, we'd be able to afford the programs we need.

Do you really think the inflation of costs, kickbacks/payoffs corruption is limited to Quebec? :lol:

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Ontario has been run by incompetents or crooks for the last 10 years. Mike Harris made a lot of the cuts we needed as premier in the beginning but by the end of his term something funny was going on. Dalton McGuinty was the worst premier Ontario's ever had by a long shot. I'd rather have Bob Rae, and we all know what Ontario thinks of him. He spent and spent and spent and appeased the public unions at every opportunity, blew our wad on idiotic green energy initiatives and we were pretty much broke before the recession. Is it surprising that when the recession hit, we were totally screwed? Nope.

Dalton McGuinty should be a case study for students highlighting the danger of nanny-state economics.

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Ya I don't get that.

Where do the oil revenues go?

They have no sales tax. It's a point of pride over there. They also keep provincial taxes and fees very low. But the government keeps ramping up the social benefits. It reminds me of the Trudeau government, which vastly increased social welfare spending but, to stay popular, kept taxes low, exploding the deficit and debt instead. Alberta can easily afford the programs it's put in place, but they need to raise taxes. They're in the midst of a multi year economic boom. That is when you raise taxes in order to put money away for the bad times. That was Peter Loughheed's plan. Unfortunately, all those who have followed him in power have been totally wrapped in self-interest, and care only about their own short term political popularity.

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Ontario is only running a deficit because they won't privatize health and cut the public service down to a skeleton crew and reform OW to a productive workfare program.

Likewise they need to reform the education system to be a pay for seating by parents, to subsidize high education system costs offloaded to the government. More initaitive in private schools needs to be taken. The province funds them too much for not having any authority beyond the education act. If boards are so individual and trustees elected locally it should be local government that raises the vast majority of expenses for salaries and buildings. Education shouldn't be costing the provincial goverment.

When you take these segments out it provides a lot of room for fiscally repsonible management of provincial responsibilities.

Paying down the debt should be a #4 priority and done through an actual debt surtax. If it costs 10 billion a year to service debt it means you need to pay more than 10 billion a year to pay just to keep it level not counting deficit spending.

That is $1000/person just to balance the debt... you are looking at a $3600 surtax minimum just for the debt paydown. This is $300 a month from each and everyone just to paydown the debt, it is mandatory.

This of course would be offset for most by privatizing healthcare and instituting premium based health insurance plans except for those living under the poverty line.

Finally about 85% of the provincial workforce is unneeded and can be eliminated by streamlining government process and removing redtape.

Further cost savings can be done by making popular courts of first instance by electing magistrates. Creating a criminal tax, legalizing marijuana through provincial sales, and removing things like speed limits. Also free life insurance plans should be given to people of bad lifestyle that have not informed their insurance companies of their habits, with a 10% cut for their families.

Privatization of all provincial highways with toll gates and/or automated tagging would raise hundreds of millions of dollars.

A ban on paper use in government where the person using the paper had to pay for it.

Turning jails into labour camps.

Increasing royalties on resource extration to include a 50% surtax on profit from extraction in addition to default rates

Also cutting every non necesary program period.

This is what it takes to be fiscally responsible politicians won't own up and stop the program pork barrelling though.

Other things like shutting down mental health facilities, and leaving it to pennetentaries as the sole source if the mentally issued got into actual criminality. One system stream only.

Oh and no private contracts with companies period for anything period.

Ontario has more than enough private slave labour and if among its 300000 employees it can't find the expertise to solve its own needs they are hopeless.

Were you drunk when you wrote all that?

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No kidding.

85% reduction in workforce?

Privatize all highways? Wow, that alone would bankrupt the avg driver if fees are like the 407 ETR.

I was impressed with "shutting down mental health facilities" too. As well as a ban in the use of paper by government. LOL

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Ontario is only running a deficit because they won't privatize health and cut the public service down to a skeleton crew and reform OW to a productive workfare program.

Likewise they need to reform the education system to be a pay for seating by parents, to subsidize high education system costs offloaded to the government. More initaitive in private schools needs to be taken. The province funds them too much for not having any authority beyond the education act. If boards are so individual and trustees elected locally it should be local government that raises the vast majority of expenses for salaries and buildings. Education shouldn't be costing the provincial goverment.

When you take these segments out it provides a lot of room for fiscally repsonible management of provincial responsibilities.

Paying down the debt should be a #4 priority and done through an actual debt surtax. If it costs 10 billion a year to service debt it means you need to pay more than 10 billion a year to pay just to keep it level not counting deficit spending.

That is $1000/person just to balance the debt... you are looking at a $3600 surtax minimum just for the debt paydown. This is $300 a month from each and everyone just to paydown the debt, it is mandatory.

This of course would be offset for most by privatizing healthcare and instituting premium based health insurance plans except for those living under the poverty line.

Finally about 85% of the provincial workforce is unneeded and can be eliminated by streamlining government process and removing redtape.

Further cost savings can be done by making popular courts of first instance by electing magistrates. Creating a criminal tax, legalizing marijuana through provincial sales, and removing things like speed limits. Also free life insurance plans should be given to people of bad lifestyle that have not informed their insurance companies of their habits, with a 10% cut for their families.

Privatization of all provincial highways with toll gates and/or automated tagging would raise hundreds of millions of dollars.

A ban on paper use in government where the person using the paper had to pay for it.

Turning jails into labour camps.

Increasing royalties on resource extration to include a 50% surtax on profit from extraction in addition to default rates

Also cutting every non necesary program period.

This is what it takes to be fiscally responsible politicians won't own up and stop the program pork barrelling though.

Other things like shutting down mental health facilities, and leaving it to pennetentaries as the sole source if the mentally issued got into actual criminality. One system stream only.

Oh and no private contracts with companies period for anything period.

Ontario has more than enough private slave labour and if among its 300000 employees it can't find the expertise to solve its own needs they are hopeless.

I hear you might like it down in Texas. wacko.png

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Ontario is only running a deficit because they won't privatize health and cut the public service down to a skeleton crew and reform OW to a productive workfare program.

Likewise they need to reform the education system to be a pay for seating by parents, to subsidize high education system costs offloaded to the government. More initaitive in private schools needs to be taken. The province funds them too much for not having any authority beyond the education act. If boards are so individual and trustees elected locally it should be local government that raises the vast majority of expenses for salaries and buildings. Education shouldn't be costing the provincial goverment.

When you take these segments out it provides a lot of room for fiscally repsonible management of provincial responsibilities.

Paying down the debt should be a #4 priority and done through an actual debt surtax. If it costs 10 billion a year to service debt it means you need to pay more than 10 billion a year to pay just to keep it level not counting deficit spending.

That is $1000/person just to balance the debt... you are looking at a $3600 surtax minimum just for the debt paydown. This is $300 a month from each and everyone just to paydown the debt, it is mandatory.

This of course would be offset for most by privatizing healthcare and instituting premium based health insurance plans except for those living under the poverty line.

Finally about 85% of the provincial workforce is unneeded and can be eliminated by streamlining government process and removing redtape.

Further cost savings can be done by making popular courts of first instance by electing magistrates. Creating a criminal tax, legalizing marijuana through provincial sales, and removing things like speed limits. Also free life insurance plans should be given to people of bad lifestyle that have not informed their insurance companies of their habits, with a 10% cut for their families.

Privatization of all provincial highways with toll gates and/or automated tagging would raise hundreds of millions of dollars.

A ban on paper use in government where the person using the paper had to pay for it.

Turning jails into labour camps.

Increasing royalties on resource extration to include a 50% surtax on profit from extraction in addition to default rates

Also cutting every non necesary program period.

This is what it takes to be fiscally responsible politicians won't own up and stop the program pork barrelling though.

Other things like shutting down mental health facilities, and leaving it to pennetentaries as the sole source if the mentally issued got into actual criminality. One system stream only.

Oh and no private contracts with companies period for anything period.

Ontario has more than enough private slave labour and if among its 300000 employees it can't find the expertise to solve its own needs they are hopeless.

I've posted some real numbers

http://www.mapleleafweb.com/forums//index.php?showtopic=21710

If you'd like to take a crack at applying this.

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