Here's a link to some comments by Peter Fenwick, former leader of the provincial New Democrats and now a commentator and researcher associated with The Atlantic Institute for Market Studies.
Among Peter's observations:
"There’s lots of money, but much of it is from non-repeatable windfalls that if properly spent could have put Newfoundland and Labrador firmly on the road to debt reduction, and therefore more sustainable public finances. Instead, the opportunity was squandered by short-term decisions to spend much of the money, often unwisely, on schemes that have already proven that they produce little of value." [Emphasis added]
Peter doesn't have many friends left among the New Democrats and I suspect he isn't on many inviter lists of Grits and Tories. He doesn't get paid to be liked; he gets paid to give a pointed opinion and he does so here in spades.
Whether or not you agree with him, read Peter Fenwick regularly.
and if you google search him to find other comments he's made, make sure to add a qualifier like Newfoundland or AIMS. Otherwise you'll get a site in New Zealand.
