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Not your mother's budget surplus
Appeared in the Calgary Herald When apologists for the provincial government's new borrowing binge defend it on the grounds that private sector companies borrow money for capital expenses so why not have the Alberta government do the same? their ...
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Alberta's double-dip decline in financial assets
In just six years, the value of Alberta's net financial assets--the broadest, most comprehensive measurement of Alberta's financial wealth--has dropped by 65 percent, from $34.5 billion in the 2006/07 fiscal year to $12.1 billion in 2012/13, a ...
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Alberta throws Jim Dinning's reforms overboard
Appeared in the National Post and Calgary Herald For those who dont normally read budget documents, heres what the Alberta government just did in its 2013 budget: they abandoned the sensible budget and financial framework that former Progressive ...
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Before adding new taxes, cut health care spending
Appeared in the Sundre Round Up and Innisfail Province Having spent itself into a considerable deficit problem, the Alberta government seems to be considering a sales tax as part of its plan to dig provincial finances out of the red (or at least theyre ...
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Why Alberta is broke
Appeared in the National Post and Calgary Herald The red-ink budgets that have engulfed Alberta since the last recessionAlbertas Finance Minister Doug Horner just announced this years deficit could hit $4-billion are not accidental. Such red ink is ...
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Why higher Alberta taxes are a dumb idea
Appeared in the Calgary Herald The last time Alberta was in a fiscal mess due to low energy revenues and over-the-top government spending, some politicians and pundits said what Albertans really needed was higher taxes. That was back in the late 1980s and ...
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The end of Alberta exceptionalism
Appeared in the National Post If there was any confidence that Albertas government would avoid imitating the failed policies of other provincesthink of Quebec and Ontario and their massive debtsthat faint hope for continued Alberta exceptionalism was ...
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Too much optimism explains Alberta's expanded deficit
Appeared in the Calgary Herald Back in the mid-1990s, British Columbias New Democratic government published a pre-election budget that forecast a balanced ledger for the then-ending fiscal year. The Glen Clark government quickly dropped the writ and ...