Celebrity economist Wade Locke thinks it’s just great that the provincial government is going to use any surplus on its current budget to pay down debt.
As he told the Telegram:
Putting it towards debt was the best thing, I think, you could do.
Too bad for Wade that he is praising them for something they aren’t doing.
Wade did have some comment about spending the cash:
Spending it would be wrong and it would create more problems in the future.
Wow.
Two for two in one quote.
Wade’s on a roll.
Hang on. Wade did the hat trick:
“You still have to, when you’re doing your budgetary stuff, think about what is the long-term focus you want to have. What are your priorities?” Locke said Thursday. “We haven’t had that discussion, and I don’t think the government has had that discussion either.”
Of course, they’ve had the discussion, Wade, old man.
They had and then they had their decision ratified in the recent election, or so they thought.
Their priority is Muskrat Falls.
Wade can’t comment on that, though just like he wouldn’t comment on it when he made his earlier comments about the coming debt crisis.
Wade, you see, has done some consulting work on the project. That’s why he left it out of his debt analysis.
Maybe you should read Wade’s comments again about what a good idea it is to pay down debt.
But this time take an extra pinch of salt beforehand.
- srbp -