UCP's selective socialism is open for business! Will you be partaking?

[davidI]

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terrible idea. Gov't should not be a private equity firm or a hedge fund.

They also shouldn't spend every penny they have when times are good and every penny they don't have when times are bad.

Over the past decade, the Fund earned an 8.9 percent annual return (net of fees) while interest were typically between 3 to 4 percent.

I mean, I'm all for paying off debt rolling over at more than a few percent as well but distributing cash while trying to slowly release is an inflationary bubble is

[killramos]

No what they shouldn’t have done is get addicted to spending so much that they couldn’t stop when times got lean.

[Brent.ff]

I guess Preston was running a little low on fun money and didn’t qualify for this so they just created this for him too?

https://edmontonjournal.com/news/pol...d-19-committee

Man Dani loves throwing money for no purpose

[suntan]

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I guess Preston was running a little low on fun money and didn’t qualify for this so they just created this for him too?

https://edmontonjournal.com/news/pol...d-19-committee

Man Dani loves throwing money for no purpose

Exactly, no committee needed if the NDP were in power because we'd still be locked down.

[kertejud2]

So the premier’s office is trying to interfere in Covid and Convoy cases, and the government is paying a sycophant a quarter of a million dollars to looo over acovid policy, meanwhile the Sovereignty Act remains unused.

Definitely didn’t see that coming.

[Brent.ff]

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Exactly, no committee needed if the NDP were in power because we'd still be locked down.

According to UCP, COVID’s over.. why they dropping 2 million to rehash it? I know how much the UCP love their blue ribbon panels to give their cronies a couple hundred K, but don’t understand why UCP supporters are cool with it..

[suntan]

So you’d be okay with ndp cronies?

[vengie]

Brent.FF IS an NDP crony

[ThePenIsMightier]

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Exactly, no committee needed if the NDP were in power because we'd still be locked down.

Because the pAnDeMiC is still so pandemicky?

[2Legit2Quit]

Fiscally conservative wild rose party doing their thang

[Brent.ff]

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Brent.FF IS an NDP crony

Get me on a blue ribbon panel already god damnit

[suntan]

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Because the pAnDeMiC is still so pandemicky?

It could pandemic you at any time! It's right around every corner! It could bite in the ass from the toilet!

[davidI]

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No what they shouldn’t have done is get addicted to spending so much that they couldn’t stop when times got lean.

Spending shouldn't be a start/stop thing. I mean, services and maintenance spending is either required or it isn't.

The only variability should be in CAPEX - new infrastructure, schools/hospitals, etc.

[Buster]

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Spending shouldn't be a start/stop thing. I mean, services and maintenance spending is either required or it isn't.

The only variability should be in CAPEX - new infrastructure, schools/hospitals, etc.

It would be far less of a problem if Canadians had a healthy understanding of the optimal role of gov't. They don't.

[davidI]

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It would be far less of a problem if Canadians had a healthy understanding of the optimal role of gov't. They don't.

People just love "free" shit. We're a society of Wal-Mart shoppers and politicians know it. Here's "free" daycare, EV credits, special inflation payments, etc. but please ignore the fact none of it works and we've built additional taxes into everything and piled on billions of debt that will be rolling over at 4-5% interest rates so it actually costs you far more than had we stayed out of it all-together.

If Ford's "Buck-a-Beer" campaign proved anything, it's that Canadians are morans that will vote for the shiniest object.

[ExtraSlow]

Buck a beer campaign was incredible. Very smart and cynical.

[vengie]

If only our youth education system taught financial literacy rather than square dancing.

[Buster]

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People just love "free" shit. We're a society of Wal-Mart shoppers and politicians know it. Here's "free" daycare, EV credits, special inflation payments, etc. but please ignore the fact none of it works and we've built additional taxes into everything and piled on billions of debt that will be rolling over at 4-5% interest rates so it actually costs you far more than had we stayed out of it all-together.

If Ford's "Buck-a-Beer" campaign proved anything, it's that Canadians are morans that will vote for the shiniest object.

This is why when the retarded middle class gets smoked by inflation it isn't a tragedy, it's justice

[suntan]

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People just love "free" shit. We're a society of Wal-Mart shoppers and politicians know it. Here's "free" daycare, EV credits, special inflation payments, etc. but please ignore the fact none of it works and we've built additional taxes into everything and piled on billions of debt that will be rolling over at 4-5% interest rates so it actually costs you far more than had we stayed out of it all-together.

If Ford's "Buck-a-Beer" campaign proved anything, it's that Canadians are morans that will vote for the shiniest object.

4-5%? Man I wished I shared your optimism.

[davidI]

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4-5%? Man I wished I shared your optimism.

Latest auctions for a 10 year are still at only 2.5% (2 Year at 3.75%). https://www.bankofcanada.ca/markets/...nominal-bonds/ The BoC can't allow rates to go up too much or it will implode the housing bubble. They'd resort to yield control targets before allowing much more than 4-5% for short-term (2-3 year) bonds IMO.

Incompetent fiscal policy has led to incompetent monetary policy which will lead to a Canadian Peso and stubborn inflation. Basically, a lose lose situation.

But most Canadians will be too worried about getting hunting rifles off the street or Wade v. Roe being repealed in Canada [stet] to vote for common sense. To tie it in with this thread, both the UCP and NDP have proven themselves to be excessively incompetent so unless a third party starts running in Alberta our only positive is having a history of fiscal conservatism so the "leadership" can't get as dumb with their spending as they do in other provinces.