Saturday, December 1, 2012
taxpayer-owned assets to balance budget
Submitted by Richard Harrington, Chilliwack
right-wing types tell you that the NDP are fiscally irresponsible
"Socialists"; you can remind them that many NDP provincial governments
across Canada over the years have balanced their budgets.
In BC, for the second time this year,
the Liberal government has increased its deficit forecast. The BC deficit
will now increase to $1.47 BILLION ( that's B for BILLION) by the end of
Yet, Liberal finance minister Mike de Jong claims that in less than five
weeks earlier, he will forecast a balanced budget for 2013.
This is Voodoo Economics in the least and massive misrepresentation in the
worst. As Carol James has pointed out, this balanced budget assumption is
based on coming up with "magical monies" How is this possible. Carol
referred to the concept of "Selling the Farm"- which means that monies will
be raised by selling of assets that are already owned by the people of
This is one of the oldest tricks in the book for self-styled "Capitalists"
who find it so easy to preach against so-called "Socialists". You simply
take the tax-payer owned property , sell it off and then you can claim that
you balanced the budget. You are not creating wealth through your " Free
enterprise" system- you are selling off the farm to pay your debts.
This emphasizes what many clear-thinkers have been saying for years, that
the BC Liberals are much less fiscally responsible than they claim to be. If
an NDP government were doing this, the media would be screaming bloody
murder; yet, when the Liberals do it, you hear barely a whimper from the
media outlets in this province.
So, come March, when the BC Liberals claim to be balancing the budget,
please keep this in mind.
Copyright (c) 2012 The Valley Voice