S&P downgrades Alberta's credit rating
- Thread starter mentalfloss
- Start date
The same S&P that approved of the sub-prime mortgage scam. How the hell those dip****s have any credibility when it comes to handing out credit ratings is beyond me.
I love it when you PWN yourself for me...
"You are the very best in this sector: look for other opportunities," said Mihychuk. "I know many people come to Alberta to start their lives. This is one of the targeted provinces in Canada. We need to flexible. We're in tough times right now, but ... our energy sector will come back."
That's tackling? That's the plan you were telling me about?
"Go find another job somewhere else"
"Don't worry be happy, it will get better here"
Bwaaahahahaha!!! Oh ya, gotta have faith in the messiah.
Keep on fluffin' Flossy, lol
As long as China has plans to buy Russian oil with their own currency instead of American money, prices will remain low.
In other words, Alberta is fu€ked. Get the hell out while you still can.
That about sums up the BIG plan Flossy the fluffer has been bragging about for weeks, lol.
Yes it's a huge problem when you live in a province that operates like a casino.
I am not surprised you posted in a duplicate thread that slanders the government.
I am not surprised you posted in a duplicate thread that slanders the government.
I said this when Harper was in power and I'm saying it now: the Government has little control over oil prices.
That said, it has significant control over revenue (taxes, tariffs, fees, fines, etc.) and expenditure. Federally it also has significant control over inflation, interest rates and debt.
There is no excuse for any government, provincial or Federal (and that included Harper's) to go into debt or allow inflation and interest rates to rise out of control.
All a government needs to do is raise revenue, reduce expenditure, or a combination of the two. Perhaps Notley was right to raise taxes on the rich under the circumstances. But why on God's green earth did she increase expenditures when the debt was rising?
I get that she wanted to help the poor, but has she not ever heard of prioritization and regulation?
As for prioritization, focus on compulsory education funding and trades and professional education for the unemployed while cutting funding elsewhere.
As for regulation, eliminate the minimum wage and maybe ensure codetermination laws to ensure workers are adequately consulted on wage reductions.
If the Government wants to flirt with a guaranteed minimum income, consider its affordability first. Mow might not be the time for that, or limit it only to the most destitute for now.
That said, it has significant control over revenue (taxes, tariffs, fees, fines, etc.) and expenditure. Federally it also has significant control over inflation, interest rates and debt.
There is no excuse for any government, provincial or Federal (and that included Harper's) to go into debt or allow inflation and interest rates to rise out of control.
All a government needs to do is raise revenue, reduce expenditure, or a combination of the two. Perhaps Notley was right to raise taxes on the rich under the circumstances. But why on God's green earth did she increase expenditures when the debt was rising?
I get that she wanted to help the poor, but has she not ever heard of prioritization and regulation?
As for prioritization, focus on compulsory education funding and trades and professional education for the unemployed while cutting funding elsewhere.
As for regulation, eliminate the minimum wage and maybe ensure codetermination laws to ensure workers are adequately consulted on wage reductions.
If the Government wants to flirt with a guaranteed minimum income, consider its affordability first. Mow might not be the time for that, or limit it only to the most destitute for now.