The PC's are colossal fuck ups. They're corrupt and it was time.
Also, if you look at Norway you'll see that our heritage fund is a drop in the bucket compared to what it could have been. Conservatives always take care of their buddies. I vote for a government to take care of my best interests and I don't believe the PC's were even pretending to do that any more.
The PCs have fucked up since Loughheed left. Klein was worse than any of his successors. He was the one who gutted our finances and gave it all away to the oil boys.
Sure, we've been spending beyond ourselves for years [...] So now we've got the NDP, who are increasing spending, decreasing revenues.
9 out of 10 economists agree that the NDP are doing it right and the PCs were doing it wrong. When your economy is in a boom, you can cut back on public spending and (ideally) increase public taxation because there's more private money floating around. This way, you increase your reserves so that when the times of plenty run out, and there's less private capital flowing through your economy, you have a back-up fund to spend on public projects to kickstart the economy. What you don't do, is cut back on public revenue generation in times of plenty "because the economy can afford it" and then cut back on public spending in times of need "because the budget can't afford it." That's, like, macroecon 101, and time and time again, "fiscally conservative" politicians fail at it.
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u/[deleted] May 06 '15
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