One of the province's foremost economists says the Brad Wall government is suffering from the same mindset that plagued the Grant Devine government and added $10 billion in debt in 10 years.
University of Saskatchewan economist Eric Howe -- whom the Saskatchewan Party government recently praised for insisting that this province had avoided the recession -- said in an interview Wednesday that the current government has a spending problem and not a resource revenue problem caused by falling potash sales.
"If I were to ask the Finance Minister (Rod Gantefoer) one thing, it would be: 'Where did the money go?' " Howe said Wednesday, adding that the Devine government also blamed its deficits on recessions even when Saskatchewan wasn't in recession.
Just three years ago, the provincial government had only $8 million in revenue and still managed a billion-dollar surplus, Howe noted. Even with the $1.8-billion decline in potash revenue from what was projected in the March budget, the mid-year financial statement shows that the government still has $10 billion in revenues.
...
Describing himself to be as "fiscally conservative as anyone you'll ever meet," Howe said the Saskatchewan Party government has dug itself a "fairly deep hole" -- the largest deficit the province has seen since the Progressive Conservative government's last budget in 1991.
All for ourselves, and nothing for other people, seems, in every age of the world, to have been the vile maxim of the masters of mankind.
Thursday, December 03, 2009
The reviews are in
Eric Howe via Murray Mandryk:
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eric howe,
murray mandryk,
rod gantefoer,
sask party,
the reviews are in
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