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12-21-2017, 07:27 PM
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Banned
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Join Date: Dec 2017
Posts: 31
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Oh Joy! Alberta going another $37 Billion in debt, this time to foreigners.
Quietly, just before Christmas, Alberta goes further into debt. A huge $37 BILLION further into debt, and the government has authorized that it can obtain debt payable in a foreign currency.
Not only is the interest going to kill us, but they are also exposing us to currency fluctuations. Scary.
https://www.alberta.ca/release.cfm?x...5B294841B8CD88
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12-21-2017, 07:44 PM
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Moderator
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Join Date: Feb 2015
Posts: 7,634
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For the love, reduce spending!!
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12-21-2017, 07:50 PM
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Join Date: Jul 2009
Location: GP AB
Posts: 16,227
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Not a peep about it on the news that I have heard. What the hell do they need that money for now? More nurses, teachers, tax collectors...? Carbon tax enforcement? What?
__________________
'Once the monkeys learn they can vote themselves a banana, they'll never climb another tree.'. Robert Heinlein
'You can accomplish a lot more with a kind word and a gun, than with a kind word alone.' Al Capone
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12-21-2017, 07:51 PM
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Join Date: Jan 2014
Location: Yes
Posts: 720
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Quote:
Originally Posted by Trochu
For the love, reduce spending!!
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Seems that "reducing spending" is not even in modern vernacular in these modern times. No financial accountability in government anymore…
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12-21-2017, 07:54 PM
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Join Date: Oct 2008
Posts: 8,372
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Hey....!
Quote:
Originally Posted by Twisted Canuck
Not a peep about it on the news that I have heard. What the hell do they need that money for now? More nurses, teachers, tax collectors...? Carbon tax enforcement? What?
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Don’t blame me.... I haven’t had a raise in over 5 years.
We took zeros even when there were booms.
More fish cops and I frastrucutre for them new parks.....
__________________
"How vain it is to sit down to write when you have not stood up to live.”
-HDT
"A vote is like a rifle; its usefulness depends on the character of the user." T. Roosevelt
"I don't always troll, only on days that end in Y."
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12-21-2017, 08:31 PM
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Banned
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Join Date: Dec 2007
Location: Edmonton
Posts: 2,485
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I heard Ceci is planning on buying $37 Billion in Bitcoin. We'll all be retired next week. 
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12-21-2017, 08:45 PM
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Join Date: Jul 2016
Posts: 1,827
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We are so lucky.
Pilling on the debt will keep us working, ok maybe not.
Pilling on the debt will improve the quality of life for those that don't have a life,,, then we the tax payers can be homeless. Of course this means we can apply for free housing if we live on the streets for 5 to 7 years before getting excepted.
Hummmmm, ok let's look at it this way.
We can buy a old rusty van and steal a licence plate to park it down by the river, at least we won't be homeless then. I'm sure the city won't mind if we cut down alot of trees to heat our vans in the winter.
Of course we have to except some hard-ships of the norm day to day life style change, but that will be easy as the only thought I our minds is gathering fire wood,,, oh,,, and being hungry all day.
Oh boy.
Ok, let's look at it this way.
The $37 billion dollar debt won't be big news in 5 years once we find out we owe $1.7 trillion on the loan. That way we the tax payers can sit back on our lawn chairs and say: "We told you so."
Of coures the van we we're living in got towed away because we didn't pay for city taxes on it.
See, I knew I could cheer us up in under 200 words.
You can find me living in a "***" down by the river.
Don
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12-21-2017, 08:50 PM
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Banned
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Join Date: Mar 2009
Posts: 5,296
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You also have a van!
You also have a van!
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12-22-2017, 08:23 AM
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Join Date: Jan 2009
Location: Edmonton, Alberta
Posts: 922
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Going based off of the 2014 Alberta population of 4.146 Million people, I would have rather they divide it up evenly, and we each get our $8900 to stimulate the local economy!
I'm sure Nottley will come up with a "valid" reason for the egregious debt.
Who knows... Maybe it'll balance itself.
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12-22-2017, 09:09 AM
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Join Date: Dec 2008
Location: Camrose
Posts: 45,099
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If Trudeau doesn't make us broke, Notley will. I hope that the people that voted NDP are proud of themselves.
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Only accurate guns are interesting.
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12-22-2017, 10:35 AM
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Join Date: Oct 2009
Location: Medicine Hat
Posts: 4,237
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Pretty quiet from the we hate conservative crowd in here tonight.......Feeling a bit sheepish are we... 
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Trades I would interested in:
- Sightron rifle scopes, 4.5x14x42mm or 4x16x42mm
especially! with the HHR reticle. (no duplex pls.)
- older 6x fixed scopes with fine X or target dot.
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12-22-2017, 12:02 PM
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Join Date: Oct 2011
Location: Westerose
Posts: 4,057
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All they did was change an act, they haven't actually borrowed anything. Of course there has to be a reason for the changes but we aren't another $35 billion in debt (yet).
ARG
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In the immortal words of Jean Paul Sartre, 'Au revoir, gopher'.
Quote:
Originally Posted by sjemac
It has been scientifically proven that a 308 round will not leave your property -- they essentially fall dead at the fence line. But a 38 round, when fired from a handgun, will of its own accord leave your property and destroy any small schools nearby.
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12-22-2017, 12:57 PM
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Join Date: Dec 2007
Location: Claresholm, Ab
Posts: 4,022
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Yup more than a few having trouble with the legalese wording of a fairly standard credit agreement.
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12-22-2017, 01:14 PM
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Join Date: Oct 2009
Location: Calgary
Posts: 1,507
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Quote:
Originally Posted by Taco
Yup more than a few having trouble with the legalese wording of a fairly standard credit agreement.
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So why do we another 37 billion worth of what is the equivalent of a line of credit?
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12-22-2017, 01:21 PM
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Join Date: Dec 2007
Location: Claresholm, Ab
Posts: 4,022
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I have no idea.
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12-22-2017, 02:09 PM
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Join Date: Jul 2009
Location: GP AB
Posts: 16,227
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Quote:
Originally Posted by Au revoir, Gopher
All they did was change an act, they haven't actually borrowed anything. Of course there has to be a reason for the changes but we aren't another $35 billion in debt (yet).
ARG
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Quote:
Originally Posted by Taco
Yup more than a few having trouble with the legalese wording of a fairly standard credit agreement.
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They may not have borrowed yet, but they didn't do that without some intent. Considering Alberta's credit rating has been getting crushed under NDP management, with another downgrade less than a month ago, even a move like this is enough to cause concern for the rating agencies. Every time the rating is downgraded, it ends up costing millions more in debt servicing costs. It isn't inconsequential that they have done this. And again, the question is why?
__________________
'Once the monkeys learn they can vote themselves a banana, they'll never climb another tree.'. Robert Heinlein
'You can accomplish a lot more with a kind word and a gun, than with a kind word alone.' Al Capone
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12-22-2017, 02:43 PM
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Gone Hunting
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Join Date: Feb 2009
Location: Lougheed,Ab.
Posts: 12,736
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Quote:
Originally Posted by Taco
Yup more than a few having trouble with the legalese wording of a fairly standard credit agreement.
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Yes, yes some do......
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The future ain't what it used to be - Yogi Berra
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12-22-2017, 03:43 PM
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Join Date: Jan 2008
Posts: 4,327
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Get the booster cables
Let's resurrect Ralph!
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12-22-2017, 03:46 PM
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Join Date: Jun 2007
Posts: 1,021
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At this point he couldn’t do any worse than Nutley
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Visit the Peace Country Fish & Game Association
PCFGA on Facebook
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12-22-2017, 03:53 PM
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Join Date: Dec 2007
Location: Claresholm, Ab
Posts: 4,022
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That's ok TC and Hal, I prefer to panic when I find something to panic about and it won't be everytime a dipper cabinet minister happens to scratch an itch
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12-22-2017, 04:10 PM
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Join Date: Oct 2007
Location: Cowtown, agian
Posts: 2,815
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Quote:
Originally Posted by Taco
That's ok TC and Hal, I prefer to panic when I find something to panic about and it won't be everytime a dipper cabinet minister happens to scratch an itch
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Yes, authorizing 35 billion dollars in foreign debt is the equivalent of an itchy arse.
What a revealing window into the mind of a dipper.....
__________________
The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.
- Sir Winston Churchill
A body of men holding themselves accountable to nobody ought not to be trusted by anybody.
-Thomas Paine
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12-22-2017, 04:28 PM
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Gone Hunting
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Join Date: Feb 2009
Location: Lougheed,Ab.
Posts: 12,736
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Quote:
Originally Posted by rem338win
Yes, authorizing 35 billion dollars in foreign debt is the equivalent of an itchy arse.
What a revealing window into the mind of a dipper.....
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__________________
The future ain't what it used to be - Yogi Berra
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12-22-2017, 04:39 PM
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Join Date: Dec 2007
Location: Claresholm, Ab
Posts: 4,022
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12-22-2017, 05:09 PM
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Join Date: Oct 2015
Posts: 511
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Quote:
Originally Posted by Twisted Canuck
Not a peep about it on the news that I have heard. What the hell do they need that money for now? More nurses, teachers, tax collectors...? Carbon tax enforcement? What?
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I wouldn't bash teachers and nurses too much, try walk a mile in their shoes and I think you might not feel that way.
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12-22-2017, 05:44 PM
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Join Date: Jul 2009
Location: GP AB
Posts: 16,227
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Quote:
Originally Posted by elk396
I wouldn't bash teachers and nurses too much, try walk a mile in their shoes and I think you might not feel that way.
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Where did I bash them? I'm paying for my daughter's education so she can be a teacher.
Try walking a mile in the shoes a business person who has no pension, and is getting the rug yanked out from under him in the name of 'tax fairness'.
__________________
'Once the monkeys learn they can vote themselves a banana, they'll never climb another tree.'. Robert Heinlein
'You can accomplish a lot more with a kind word and a gun, than with a kind word alone.' Al Capone
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12-22-2017, 05:49 PM
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Join Date: Jul 2007
Location: Edmonton
Posts: 1,940
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Quote:
Originally Posted by Twisted Canuck
Not a peep about it on the news that I have heard. What the hell do they need that money for now? More nurses, teachers, tax collectors...? Carbon tax enforcement? What?
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Quote:
Originally Posted by Twisted Canuck
It isn't inconsequential that they have done this. And again, the question is why?
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There is a new budget year coming up and the province has moved to borrowing to cover operational expenses. Come March they will need to borrow additional money to cover the 2018 / 19 operational costs.
I would not target sectors like teachers or nurses. Just the reality that we have now been place in. There is not enough tax base to cover the operational costs that have risen significantly in the last couple of years. The bill is most likely preparation for the upcoming budget and to allow for a search for best source of borrowing including foreign. The down graded credit rating may have resulted in adding the need to look for other sources of money.
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12-22-2017, 06:30 PM
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Banned
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Join Date: Oct 2013
Posts: 5,326
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Quote:
Originally Posted by elk396
I wouldn't bash teachers and nurses too much, try walk a mile in their shoes and I think you might not feel that way.
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And what about a business owner? Maybe walk a mile in his/her shoes.
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12-22-2017, 08:14 PM
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Join Date: May 2014
Posts: 1,661
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Never criticize a person until you've walked a mile in their shoes.
Then criticize them, because you have their shoes and are now a mile away.
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12-22-2017, 09:58 PM
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Banned
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Join Date: Mar 2009
Posts: 5,296
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12-22-2017, 10:07 PM
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Join Date: Jan 2016
Posts: 455
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Democracy is a funny thing. A doctor goes to medical school, an engineer goes to engineering school, a teacher goes to teaching school. A person obtains proper education and skills to do a job before getting hired. Except politicians, a politician can be a janitor and gets voted as aprime minister and no one thinks that is odd.
Imagine yourself going to see a doctor, who was voted by the community as a doc.
I expect nothing but the worst from the incompetent govenment we currently have. I hope ppl learn their lesson and vote corrrectly next time
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