Was listening to Jason Kenney on the radio during the province's daily covid-19 update. He mentioned that Newfoundland was in trouble, was not really a surprise unfortunately. So I did some googling and CBC had an interesting article that Premier Dwight Ball had written a letter to the Prime Minister March 20 saying basically they were going to run out of cash mid April and at present couldn't get anyone to buy their provincial bonds. It appears the Feds have stepped in to back the province. Very sad and the hole just gets bigger for the federal government.
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Quebec must be getting very concerned about theyre bread and butter , the federal trans payment cash cow might be ending or heaven forbid that they have to pay in for first time in history -
Wasn't N &L broke by buying out a big project?Comment
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So when the feds spend an extra say 250 BILLION over budget in a two week period how do they arrange financing when Justin says the money will come within 10 days?
He's going to be disappointed with the tax income with all those businesses closed down and al those people going from paying income tax and now on the dole.Comment
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We are all going to be in the poor house when governments at all levels adjust taxation levels to start paying for all this debt. Its going to get really ugly once this virus runs its course.Originally posted by shtferbrains View PostComment
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I liked it but I didn’t.Comment
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The muskrat falls hydro project has been a disaster for them. Also heard today that they have shut their big refinery down due to oil / fuel prices.Originally posted by blackpowder View PostComment
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Newfoundland votes 100% Liberal than threatens to declare bankruptcy after Trudeau chases away the energy industry.
Hopefully they learn a lesson.Comment
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Heard from friends out there that everything is full and no one's burning it.Originally posted by GDR View PostComment
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I worked with a Newfie in the 80s, mostly not the sharpest tools in the shedComment
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