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03-27-2017, 09:27 AM
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Join Date: Jul 2009
Location: GP AB
Posts: 16,234
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NDP Meddling with Heritage Fund
Seems like the NDP government is tampering with the Heritage Fund now. Quite a bit to this story, but a good read. Nothing to be concerned about though, as any allegations of tampering are 'Simply not true....'. 
http://business.financialpost.com/fp...-heritage-fund
http://business.financialpost.com/fp...-heritage-fund
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'Once the monkeys learn they can vote themselves a banana, they'll never climb another tree.'. Robert Heinlein
'You can accomplish a lot more with a kind word and a gun, than with a kind word alone.' Al Capone
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03-27-2017, 09:47 AM
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Join Date: Apr 2013
Location: Red Deer
Posts: 2,387
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Quote:
Originally Posted by Twisted Canuck
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Wasn't this depleted anyway?
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~Men and fish are alike. They both get into trouble when they open their mouths.~ 
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03-27-2017, 10:36 AM
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Banned
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Join Date: May 2007
Posts: 17,790
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Can't keep their hands out of the cookie jar...and trying to take credit for baking the cookies.
What an embarrassing lot of creeps. Trying the same tricks as the Red Queen even. That's low.
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03-27-2017, 11:19 AM
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Join Date: Sep 2009
Posts: 2,187
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Quote:
Originally Posted by rugatika
Can't keep their hands out of the cookie jar...and trying to take credit for baking the cookies.
What an embarrassing lot of creeps. Trying the same tricks as the Red Queen even. That's low.
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Looks like since last year it's grown by $1.5 billionish.
If "hands in the cookie jar" generate 8% return for Albertans, that's a good thing.
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"It'd be nice if...."
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03-27-2017, 11:30 AM
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Banned
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Join Date: May 2007
Posts: 17,790
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Quote:
Originally Posted by Badgerbadger
Looks like since last year it's grown by $1.5 billionish.
If "hands in the cookie jar" generate 8% return for Albertans, that's a good thing.
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They got their hands slapped before they managed to pull any cookies out. It's in the article.
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03-27-2017, 01:12 PM
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Join Date: Nov 2007
Location: Calgary
Posts: 1,045
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Quote:
Originally Posted by rugatika
They got their hands slapped before they managed to pull any cookies out. It's in the article.
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You mean unlike the PC's between 1976 and 2009 taking out almost $30 billion and putting into the general revenue stream to prop up their ability to say they balanced the budget? The intention of the money was meant to help diversify our economy when oil and gas hit the skids...
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03-27-2017, 01:49 PM
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Join Date: Apr 2013
Location: Red Deer
Posts: 2,387
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Quote:
Originally Posted by roughneckin
You mean unlike the PC's between 1976 and 2009 taking out almost $30 billion and putting into the general revenue stream to prop up their ability to say they balanced the budget? The intention of the money was meant to help diversify our economy when oil and gas hit the skids...
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thanks for expanding what i said LOL
Cheers
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~Men and fish are alike. They both get into trouble when they open their mouths.~
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03-27-2017, 02:59 PM
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Banned
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Join Date: May 2007
Posts: 17,790
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Quote:
Originally Posted by roughneckin
You mean unlike the PC's between 1976 and 2009 taking out almost $30 billion and putting into the general revenue stream to prop up their ability to say they balanced the budget? The intention of the money was meant to help diversify our economy when oil and gas hit the skids...
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Exactly. The sins of past governments don't forgive the sins of the current one.
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03-27-2017, 03:53 PM
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Gone Hunting
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Join Date: Jun 2015
Location: 503
Posts: 979
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Should we be surprised by anything our government will try to do??? 
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Artificial intelligence is no match for natural stupidity!!
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03-27-2017, 05:07 PM
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Join Date: Apr 2010
Location: New Beijing, Canada
Posts: 1,470
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In related news from 2016....
The Norwegian government has defended its decision to withdraw money from the country's $819 billion dollar sovereign wealth fund.
In January the fund transferred $781 million dollars to the government -- the first such transfer since the fund was set up in 1996, according to the country's Ministry of Finance.
Norway's rainy-day pot of cash is the largest sovereign wealth fund in the world and is bolstered by revenue from sales of oil.
"It is, however, not surprising that oil revenues eventually would become lower than the real return on the Fund, resulting in a net transfer from the fund to the budget," confirmed state secretary Pall Bjørnestad in a statement to CNBC Monday.
Fiscal rules allow the government to draw down up to 4 percent each year, but January's was the first ever withdrawal.
Bjørnestad told CNBC that even with withdrawals, the oil fund will continue to get larger.
"As long as spending of oil revenues is within the expected real return on the Fund, the Fund will over time not be tapped in real terms," he said.
The administrators, Norges Bank, say on its website that the fund is invested in 9,000 companies across 75 countries.
Norway's sovereign wealth fund generated an annual return of 3.8 percent between 1998 and 2014, after accounting for management costs and inflation.
The savings are seen as vital to Norway for when oil runs out as well as a looming pension deficit as the population ages.
http://www.cnbc.com/2016/03/07/norwa...irst-time.html
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03-27-2017, 05:11 PM
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Join Date: Jun 2007
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I hear the NDP are doing robocalls, evidence of a snap election while the right is courting each other.
I hope its true, a divided right would probably still win. I cant believe the NDP are so deluded that they think they have a shelf life after 4 years in Alberta.
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03-27-2017, 08:19 PM
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Join Date: May 2007
Location: Uh, guess? :)
Posts: 26,739
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Quote:
Originally Posted by Smokey
I hear the NDP are doing robocalls, evidence of a snap election while the right is courting each other.
I hope its true, a divided right would probably still win. I cant believe the NDP are so deluded that they think they have a shelf life after 4 years in Alberta.
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Yeah, what's been the recent history of parties that have called a "snap election" long before their mandate has expired? What is Stephen Harper doing these days?  NDP is going to stretch it out as long as they can to get as much in as they can before they are evicted.
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Quote:
Originally Posted by DevilsAdvocate
In this case Oki has cut to to the exact heart of the matter!
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03-27-2017, 09:13 PM
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Banned
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Join Date: Oct 2013
Posts: 5,326
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Quote:
Originally Posted by Smokey
I hear the NDP are doing robocalls, evidence of a snap election while the right is courting each other.
I hope its true, a divided right would probably still win. I cant believe the NDP are so deluded that they think they have a shelf life after 4 years in Alberta.
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I highly doubt the NDP will ever call an election until they have to. Way to risky, and they know it.
Given the fact that they got in once, unfortunately I believe that many voters will forget the bad parts and vote them in again.
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03-28-2017, 06:47 AM
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Banned
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Join Date: Apr 2016
Posts: 413
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Why wouldn't they be interested , they own it , She just wants to make sure this company is honest , and to make sure its all being invested properly and no crooks under the bed , that could be why Inco is whining about her , they possibly could have something up their sleeve ,GOOD FOR HER
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03-28-2017, 07:08 AM
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Gone Hunting
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Join Date: Feb 2009
Location: Lougheed,Ab.
Posts: 12,736
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Quote:
Originally Posted by bigskinner
Why wouldn't they be interested , they own it , She just wants to make sure this company is honest , and to make sure its all being invested properly and no crooks under the bed , that could be why Inco is whining about her , they possibly could have something up their sleeve ,GOOD FOR HER
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"They" don't own anything.......and it's not "theirs" to decide who administers it or what is done with it
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The future ain't what it used to be - Yogi Berra
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03-28-2017, 07:28 AM
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Join Date: Jan 2010
Posts: 96
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Quote:
Originally Posted by hal53
"They" don't own anything.......and it's not "theirs" to decide who administers it or what is done with it
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Don't feed the lefty troll Hal. He ain't worth it....
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05-16-2017, 08:28 AM
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Gone Hunting
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Join Date: Feb 2009
Location: Lougheed,Ab.
Posts: 12,736
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Quote:
Originally Posted by Okotokian
Yeah, what's been the recent history of parties that have called a "snap election" long before their mandate has expired? What is Stephen Harper doing these days? NDP is going to stretch it out as long as they can to get as much in as they can before they are evicted. |
^^^ This.. and after the next election we will have to hire United Airlines security people to get her out of the building...
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The future ain't what it used to be - Yogi Berra
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05-16-2017, 08:34 AM
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Join Date: Jun 2014
Location: Canmore
Posts: 2,104
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Quote:
Originally Posted by Smokey
I hear the NDP are doing robocalls, evidence of a snap election while the right is courting each other.
I hope its true, a divided right would probably still win. I cant believe the NDP are so deluded that they think they have a shelf life after 4 years in Alberta.
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IMO the right won't unite due to the ego factor of who will lead the new party.
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Woke up with a pulse, best day ever
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05-16-2017, 08:44 AM
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Join Date: Jul 2009
Location: GP AB
Posts: 16,234
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Quote:
Originally Posted by lmtada
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Thanks for posting that up, another good article about the NDP and what appears to be an agenda towards AIMco and the Trust funds.
__________________
'Once the monkeys learn they can vote themselves a banana, they'll never climb another tree.'. Robert Heinlein
'You can accomplish a lot more with a kind word and a gun, than with a kind word alone.' Al Capone
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05-16-2017, 09:08 PM
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Join Date: Aug 2007
Location: yyc
Posts: 371
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no mention in the news
I have been wondering why there has been no mention over the past few years of using the Heritage fund. My understanding was it was set up as a "rainy day fund" and I would say it's been pouring for the past couple years. If no one (NDP, PC, who ever is in) uses it now...when will it ever get used and on what??
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05-17-2017, 03:52 AM
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Banned
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Join Date: Apr 2016
Posts: 413
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The heritage fund was brought in by Peter Lougheed when he was campaigning for election , was a joke ,added a number to it to make people believe we all had millions in the bank , in reality had squat , never exsisted , just more lies from the Torys.
All money went to general revenue or to investments over seas when he was in power , anything extra , like interest off them investments went into the Torys private bank account in the Camon islands somewhere.
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05-17-2017, 05:16 AM
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Gone Hunting
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Join Date: Feb 2009
Location: Lougheed,Ab.
Posts: 12,736
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Quote:
Originally Posted by bigskinner
The heritage fund was brought in by Peter Lougheed when he was campaigning for election , was a joke ,added a number to it to make people believe we all had millions in the bank , in reality had squat , never exsisted , just more lies from the Torys.
All money went to general revenue or to investments over seas when he was in power , anything extra , like interest off them investments went into the Torys private bank account in the Camon islands somewhere.
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Good night Bigskinner looks like you've had a long day....
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The future ain't what it used to be - Yogi Berra
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05-17-2017, 07:47 AM
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Join Date: Sep 2009
Posts: 2,187
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Quote:
Originally Posted by bigskinner
The heritage fund was brought in by Peter Lougheed when he was campaigning for election , was a joke ,added a number to it to make people believe we all had millions in the bank , in reality had squat , never exsisted , just more lies from the Torys.
All money went to general revenue or to investments over seas when he was in power , anything extra , like interest off them investments went into the Torys private bank account in the Camon islands somewhere.
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That's not really very accurate. You obviously don't know what you're talking about.
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"It'd be nice if...."
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