Let’s look at some political myths and near-myths.
The BC Liberals are hammering away at the NDP, saying that the last time they were in office, it fiscally ruined the province; this from the government that in 16 years, in 2016 dollars, has doubled the provincial debt.
They say that when they took over in 2001 from the NDP, the province was in catastrophic financial shape. In fact the NDP left a surplus of $1.5 Billion.
The Liberals claim they have had 5 straight balanced budgets.
Well, you can have one too. Form a little private company, put your house and car in it, give it the money to make payments, and, presto! Your household budget is balanced. That’s precisely how the Liberal government operates – if you simply take BC Hydro and ICBC out of the picture, their budget is nice and balanced.
Your company is in lousy shape, of course, and your banker will soon catch up to you. Governments don’t have to worry about things like that because they are hugely valuable customers and the bank knows the government always has the taxpayer to soak. Read full article at The Common Sense Canadian