It’s time for the Alberta government to lift the burden on Albertans. Between punishing new taxes and a mounting debt load, the government has been putting off difficult decisions of its own and instead is making people’s lives more difficult.
The provincial government is now wasting $1 billion annually on debt interest payments. That’s money that will be handed over to the banks because the government can’t get its spending under control. Incredibly, that number will double to $2 billion per year by 2018-19.
Alberta’s $28.4-billion debt is rolling in at a rate of over $355 every second. Some proponents of increased government spending like to argue that the debt load is nothing compared to that of the monstrously high debt in Ontario (the world’s most indebted sub-national borrower) but consider that Alberta eliminated its debt as recently as 2004.
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