Quote:
Originally Posted by I_forget
They have no choice but to cut in the bad times when they don't save in the good times. Thanks red queen.
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It's not the red queen's fault, though she contributed.
It goes back to Don Getty. No one in that and subsequent PC governments had the foresight, and fortitude required to ensure our future via maintaining a commitment to the Heritage Trust Fund.
And those of you who think King Ralph was so awesome, schools and health care and infrastructure are still reeling from the non-specific cuts to everything made at that time. Stelmach and Redford enabled middle management bloat, rather than the support needed for front line staff.
Now, we're hosed. There's no easy way out.
Raise corporate taxes. Raise royalty rates. Contribute 30% of these income sources to the Heritage Trust Fund. Interest from that goes into the budget, but no principal. Sure, it'll drive some business out and people will suffer. And in the long run, our kids/grandkids/great grandkids will benefit from our biting the bullet now.
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