Alberta budget

[cottonpicken]

Rumour has it they just borrowed six billon.

[SASKFARMER3]

If that happened they just became a have not province.
NDP gov do not work never have never will.

[binthere]

the gov has only passed legislation to borrow the 6 billion if needed for capitol expenditures. prentice had this in the works prior to the election.

[cottonpicken]

http://www.wildrose.ca/ndp_approve_borrowing_binge_behind_closed_doors

Kind of hard to make sense of whats going on.

Personally believe oil is on its next leg down,surprising to me the oilsands will the last man standing when this all plays out.

[oneoff]

It should cross everyone's mind that Alberta was in serious trouble before any NDP government was elected.

So the biggest part of any mistakes were already cast in stone with some 40 years of previous governments.

One concept that intrigues me is how political parties seem to strive to make a province "ungovernable" after they have proven their failure during their tenure. And then those sorry loser supporters are very quick to point out how much worse off the situation will be because they were turfed out after decades of power.

Accountability not taken??

[perfecho]

The Cons were going to borrow 7 billion....and if it wasn't for them we wouldn't be in this mess....
Even though I am not a ND supporter, it seems no matter what happens, it will be their fault. What should be the richest province going, we fircked it away with the previous government, now, under low commodity prices, another government will be blamed for the mismanagement of others.

[cottonpicken]

Somebody correct me if I'm wrong,memory not as good anymore,Calvert lowered the royalties,Chretian and Martin imposed austerity after we had a no bid on bond sales in the nineties(think greece).Them two douches would have spent but got locked out of the capital markets and their hand was forced.

If i was a bond fund guy i would buy alberta but who the **** buys ontaridiot and quebectard at these yields unless they know the feds will backstop?which means us tax payers

[ajl]

Ontario and Quebec are in worse shape financial shape than California. The only reason that is not a problem is that the investment community knows that Ottawa (meaning taxpayers in the rest of Canada) will backstop these two basket cases.

[Oliver88]

The Manitoba NDP just had their financial mismanagement cause their credit rating to be downgraded by Moody's.

Hopefully Alberta doesn't end up in a downward spiral while being ran by the NDP but I assume it will be a painful 4 year lesson.

[Horse]

Sask and the rest of you Capital Capitalists You bitch and moan over the NDs but you are very short on specifics,what you were not able to steal from the poor and give to the rich near as much as you like?
Moodys downgraded Alta to when the all mighty CONS were the powers. It would be nice if you was to give it a rest.
Whats the Wall gov doing ,I dont see the price of oil or farm produce going up under his tootlage?? Hows the roads and investment,oil exploration , o yea we have a ND gov in alta and they are ****ing up the whole damm country. And they may!!! but at least wait for it before you capital over lords run them out of town.

[mustardman]

Laughing at a Brad Wall ad on tv last nite. He says he's not going to raise taxes like the NDP did when times got tough.

Well I wish he would raise taxes on US and get more than a NICKEL from the potash Regime and oil barons
Instead of P3 deals for schools that will make higher taxes look like pocket change

[fjlip]

Norway is about same population as AB, really curious how their socialist Govs, worked with BIG oil and business, and accumulated all their $$ Billions. Had to tax the resources somehow without killing investment.

[mustardman]

With all the oil Alberta has had since the 40's, there should be No Debt and the Coffers FULL

If the proper royalties were paid.
I can't rent land for $ 10/ acre so why should oil companies NOT pay royalties till they make a profit Or potash co,s pay 5 cents out of a dollar of potash ???

It's no different than what happened to the natives- a boatload of beaver skins for a shiny spoon. wTF!!!!

[stonepicker]

oneoff, alberta in serious trouble? How do you figure that, they're still the richest prov. in canada and have very little prov. debt . If alta. is in serious trouble, where does that leave mb.?

[LEP]

Mustard to get the analogy right. The government would own the land and the only way you could operate it was if you invested about 5,000 an acre to gross 500. Now try to extract a higher royalty and get investment.

The only way Norway was able to get the rates they are was have a crown Corp make the investment, nobody private was willing to risk investment in that scenario. The NDP sat in Sask with high royalty rates on oil expecting private investment but it didn't happen.

So you can lead a horse to water but...