[Tominalberta]

http://www.cbc.ca/money/story/2008/12/1 ... -fall.html


I guess they could only spend like drunk sailors so long... At least they planned for it though.

[kenmore]

Bust in boom town.. oh my

[Tominalberta]

http://www.cbc.ca/canada/edmonton/story ... nts-submit

I need a job where I can give myself a raise regardless of the situation.

[mtbr]

kenmore wrote:

Bust in boom town.. oh my

haha you wish

the help wanted signs are still out numbering the trees! Alberta is debt free!

[Caelon]

kenmore wrote:

Bust in boom town.. oh my

The difference is no debt and a reserve of over $7 billion to offset rapid changes in commodity prices. It is called fiscal management.

The opposite would be Quebec getting over $8 billion in welfare payments and still excelerating government expenditures. If Quebec would have done what Alberta did to get cost under control in the 90's then they would not be in such sad shape today.


Or you could put in ordinary terms such as Alberta is like the individual that cleared their mortgage and has a very healthy bank account while Quebec is on skid row.

[RUEZ]

kenmore wrote:

Bust in boom town.. oh my

Come back and gloat when your province does even half as good as Alberta has, Kermore.

[bootlegga]

Tominalberta wrote:

http://www.cbc.ca/canada/edmonton/story/2008/05/30/edm-cabinet-pay.html#socialcomments-submit

I need a job where I can give myself a raise regardless of the situation.

You should have complained then, when people might have listened. Now, it's a dead issue that is almost totally forgotten by taxpayers.

[djakeydd]

Good time to run those stubble jumpin cons out.

[mtbr]

djakeydd wrote:

Good time to run those stubble jumpin cons out.

[smorgdonkey]

Bust in boomtown is not a good thing regardless of what province that one resides in. There are many many people who travel to boomtown to work and although traveling away from home for long periods of time is not a good thing, the work that many of those travelers did provided incomes that will be extremely difficult to replace back in their home provinces. The loss of the associated taxes and the loss of the extra activity in the economy relative to those jobs is a huge negative - many people forget that income tax is Federal.

Low cost oil is something that only hurts our society in the long run. The lower the price of oil:
-the less our own resources will get worked.
-the less incentive there will be to research more viable alternatives.
-the more we depend upon foreign sources.
-the less taxes generated (as mentioned).
-the less income for our own citizens (as mentioned).
-the more bankruptcies in our country.
-the more pressure on real estate values which often finace other aspects of lives.

I think about $65-$70 US is the place to be with oil...not crazy like the $100-$140 but not too cheap like the $40ish range right now.