New Bumper Sticker
1980s Bust Alberta
"Please God, give Alberta another oil boom and we promise not to piss it away this time."
2009 Bust Alberta
"Please God, don't give Alberta another oil boom, because they will piss it away next time."
Witness the mighty provincial Progressive Conservative government - in power for 38 continuous years, and they have learned absolutely squat.
- Alberta passed a (meaningless) no-deficit law during the Klein oligarchy
- therefore, deficits are illegal in Alberta
- now they are running a $1 billion deficit
- convenient loophole: the deficit legislation does not apply when non-renewable resource revenue comes in lower than expected
- what about if renewable resource revenue comes in lower? O yeah, never mind...
I couldn't make this stuff up even if I tried....really hard.