BC Debt graph etc.
One of the most important graphs and the two most important posts, you will ever read about BC’s coming debt load.
BC Liberals for accumulating so much debt that they have to avoid having a fall session so they wont be held accountable.
What the hell did they think would happen when they reduced all corporate and personal taxes to some of the lowest points ever ? Without generating new revenue streams as replacements? Natural gas prices are down, China is heading into some rough economic times and our government is putting everything they have into exports to China and Asia……Well, good luck with that and good luck to the incoming government after our election next year, trying to wade out of this one. Don’t expect miracles. Now go, read the post and weep.
As you can see from the BC Government’s own graph, that 2014 is going to be killer of a year. If you think that the BC Finance Minister is going to look “good” by balancing his books by 2013, what about the next four years? The Debt Load per year doesn’t hit a “low” point until 2018, and even that will be higher than in 2013. Then it sky rockets up to 2022!
If only the Campbellites had held onto BC Rail until 2017……