Newfoundland and Labrador

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Newfoundland and Labrador

Apr 1, 2020 | 16:19 1 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. Reply With Quote
Apr 1, 2020 | 17:03 2 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 Reply With Quote
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  • blackpowder's Avatar Apr 1, 2020 | 17:11 3 Wasn't N &L broke by buying out a big project? Reply With Quote
    Apr 1, 2020 | 17:22 4 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. Reply With Quote
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  • Apr 1, 2020 | 17:49 5
    Quote Originally Posted by shtferbrains View Post
    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.
    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. Reply With Quote
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  • Apr 1, 2020 | 21:11 6 I liked it but I didn’t. Reply With Quote
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  • GDR
    Apr 1, 2020 | 21:17 7
    Quote Originally Posted by blackpowder View Post
    Wasn't N &L broke by buying out a big project?
    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. Reply With Quote
    Apr 1, 2020 | 21:49 8 Newfoundland votes 100% Liberal than threatens to declare bankruptcy after Trudeau chases away the energy industry.

    Hopefully they learn a lesson. Reply With Quote

  • blackpowder's Avatar Apr 1, 2020 | 22:43 9
    Quote Originally Posted by GDR View Post
    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.
    Heard from friends out there that everything is full and no one's burning it. Reply With Quote
    Apr 1, 2020 | 22:45 10 I worked with a Newfie in the 80s, mostly not the sharpest tools in the shed Reply With Quote
    blackpowder's Avatar Apr 2, 2020 | 08:00 11 I used to have a stereotype for Saskatchewan farmers too but I grew out of it.
    Tradition to vote Liberal out there and ya, no sympathy. Reply With Quote
    Apr 2, 2020 | 08:02 12
    Quote Originally Posted by Oliver88 View Post
    Newfoundland votes 100% Liberal than threatens to declare bankruptcy after Trudeau chases away the energy industry.

    Hopefully they learn a lesson.
    you can't make that shit up and half of them spent half their life working in alberta
    but they probably won't Reply With Quote
    LEP
    Apr 2, 2020 | 08:11 13 My thoughts when I read the article was since Newfoundland doesn’t get equalization either, how ironic it would be if all of a sudden they were the reason the formula gets fixed.
    Last edited by LEP; Apr 2, 2020 at 08:23.
    Reply With Quote
    Apr 2, 2020 | 08:22 14 Just sit back with a bag of marshmallows and watch that Liberal schmuck of a province burn itself to the ground. Reply With Quote
    Apr 2, 2020 | 11:33 15 Manitoba will be next. We have a huge debt hangover associated with bungled hydro projects as well. We will wish they had never been built. Reply With Quote