Saturday, June 25, 2016
Reflections on a dark economy
It's a long story of blundering governmental and political incompetence in a drunker sailor scenario of spending when offshore oil generated unbelievable wealth here. Instead of creating a heritage fund, Dems Wot Rulez initiated a hydro electric project - Muskrat Falls - which is proving to be voracious in its appetite for more and more funds as the project is elayed due to structural collapses and disputes arising with Italian contractors. I won't bore you all with it here. Suffice to say taxpayers here are like taxpayers everywhere, bailing out wealthy banks, except we're bailing out this disastrous project which is already over budget by 100% - 6 billion dollars projected costs at the outset now tipping close to 12 billion dollars. We are a province of just over 1/2 million people to give you some idea of the monetary per capita overload incurred for generations yet to come.
To add insult to injury, the poorest and most illiterate amongst us are being penalized financially for this absolute boondoggle of an enterprise. Half of the public libraries are being shut down, taxes are added to insurance (my car insurance increased by 50% even though I am 47 years accident free)glucose strips distribution at pharmacies is being reduced and co-pays for home care for seniors are being increased. It is the most mean spirited budget ever. And we are all appalled and significantly less solvent as a result.
There was no hope offered in this budget. Our politicians are the highest paid in Canada and don't, truly, have an operating brain cell amongst the lot of them.
They bleat austerity whilst living lavish life styles completely out of touch with the rest of us struggling masses. For instance our finance minister owns 8 MacDonald's franchises in the province and refuses to even discuss a fast food tax. H'm. Along with believing herself to be an entrepreneur. Mull that one when every decision at a Micky Doo's is dictated by Head Office.
Protests were launched, one a massive poster demanding the premier resign affixed to every pole for miles around the provincial legislature. These were removed in the dead of night at tax payer expense.
Free speech, guaranteed by our constitution, denied to the peasants by their betters.
Our local MHA (MP)announced publicly that we just didn't understand the complexity of political decisions. This is her first crack at politics.
Fun times out on the Edge of the Atlantic, folks.
And I've just given you the bare bones.