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Alberta $24-billion budget deficit largest in Canada

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    #11
    Originally posted by farmaholic View Post
    If they're in debt way over their head do they still have to make equalization payments?

    Theoretically, eastern Canada is older than Alberta.....shouldn't they be grown up and independent by now? More "mature" and able to fend for themselves?
    Isnt there a 2 or 3 year lag ? Or has it passes

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      #12
      Originally posted by chuckChuck View Post
      When the finance minister read the budget, he blamed low world oil prices and covid for the record deficit! Unlike most Agriville posters, he never once mentioned Trudeau as the cause of all of Alberta's misfortunes! LOL. Whats up with that?

      Will Alberta ever learn that Saskatchewan's and Moe's "radical socialist" tax system would solve a lot of their problems? I doubt it.

      It's like the farm family who strike oil and then spend it all in the first few years forgetting that eventually the wells run dry and revenues go down. Little foresight or long term planning.
      I said at the time
      He is a career politician
      Had his head in trough way to long to make any waves

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        #13
        Originally posted by chuckChuck View Post
        And then Kenney talks about spending billions on an unproven hyperloop between Edmonton and Calgary? LOL Why not proven high speed rail?

        They are going to look at extracting hydrogen from the gas reserves which makes sense. Maybe all those fossil reserves can be used for cleaner hydrogen?
        Chuck2 I believe the only contribution from the government of Alberta is the use of land for proof of concept, no money from the provincial government is being invested in this project. As usual you are wrong but I do enjoy this aspect of your posts!

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          #14
          Originally posted by Hamloc View Post
          Chuck2 I believe the only contribution from the government of Alberta is the use of land for proof of concept, no money from the provincial government is being invested in this project. As usual you are wrong but I do enjoy this aspect of your posts!
          If this gets built then doesn't work out yes provincial money will be invested. Not going to leave a dilapidated pipe dream fall apart all the way from Edmonton to Calgary. Just like abandon oil wells.

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            #15
            Originally posted by Hamloc View Post
            Chuck2 I believe the only contribution from the government of Alberta is the use of land for proof of concept, no money from the provincial government is being invested in this project. As usual you are wrong but I do enjoy this aspect of your posts!
            To build on that I think the land was actually already committed under the previous NDP government anyhow, basically just an announcement for a feel good story.

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