17 October 2011

A study in fiscal responsibility contrasts #nlpoli

Alison Redford, Alberta’s new Conservative premier promises she will deliver some long overdue attention to the provincial government’s heritage fund.

That’s a stash of oil and gas cash created in 1976 as a kind of rainy day fund.

Previous Conservative governments took cash out, stopped putting cash in and otherwise neglected a fund that could be worth $100 billion today according to former premier Peter Lougheed, the guy who created the fund.

Meanwhile, Newfoundland and Labrador’s Conservative premier is promising “fiscal responsibility”. 

Unfortunately, Kathy Dunderdale and her colleagues have been promising that since 2003 and they still haven’t delivered

What’s worse,  they have explicitly rejected every responsible fiscal idea that’s been tossed their way.

- srbp -