Saturday, February 21, 2009

the sorry state of Alberta's sovereign fund

The Globe and Mail has a story on THE story that needs to be told in Alberta. The raiding of the Heritage Fund is the #1 reason I ran against the P"C" party as a Wildrose Alliance candidate a year ago. Finance Minister Evans says the government is going to spend its way into oblivion, anything that stops that slide must be "not at the expense of public services." Of course, ANY saving measure (or tax cut) is going to be at the expense of an increase in public services... in the short term.

See this Calgary Herald piece (or this one by some Fraser Institute economists) reviewing how Alberta arrived at its present state. "Shameful," concludes the Herald.

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