Pay Debt Sign

Remember the Simpsons episode where the peanut factory manager is vindicated for his repeated safety drills, when Stampy storms through the door? Alberta’s debt is the elephant in the room.

What’s Alberta’s debt situation?

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The NDP promise to balance the budget. But how is that going to work when their first order of business is to raise corporate taxes? That hike in corporate taxes will reduce revenue by almost $1 billion a year every year for 2 or 3 years. The NDP won't even acknowledge the tax increase will reduce revenue while they hike spending. So either they cut their spending, fat chance, or they raise taxes even more. Being socialists and not understanding economics, they will hike taxes and keep hiking taxes while borrowing to make up the difference.

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