Cryyyiiiing Over Debt....(Apologies to Roy Orbison)

Mister Ed has gone and done it. A little over five years after King Ralph declared the Alberta debt to be history, Steady Eddy Stelmach has plunged the province back into debt.

Here's a portion of what Ralph said back in July of 2004:

"Never again will this government or the people of this province have to set aside another tax dollar on debt," Klein said. "Those days are over and they're over for good, as far as my government is concerned, and if need be we will put in place legislation to make sure that we never have a debt again," he added.

Lots of "never agains." Seems we're there again, and in a big way. Ed plans to issue $3.3 billion worth of provincial bonds to help fund infrastructure. That would be because Ralph let the infrastructure rot in his ego-driven frenzy to pay down the debt.

I sometimes wonder why I live in this province. SNAFU.

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