Sunday, November 25, 2012

Humongous Debt? "Don't Worry. Be Happy!"



Reading the paper sometimes inspires one to spell secrets.

In response to Pam Frampton's "Muskrat Falls Reports you have not Read" tongue-in-cheek article in the Weekend's Tely, I too am compelled to release yet another report  (and press release)  on Muskrat Falls obtained through Access to Information before the Dark Ages i.e. Bill 29.

Muskrat Falls will Bring Us to the Fiscal Cliff" - BUT WHO CARES?"

"Today Government is proud to release yet another report into how we will incur humongous amount of debt, collectively and individually, if Muskrat Falls is dammed and our green energy reaches no one but our Blue Schooner neighbours."

"It's a new world out there folks and we are just going with the flow.

"Furthermore, there's lots of catchy phrases to back up our position.

"Debt is a natural phenomenon"
"Debt is everyone's friend"
"Make peace with debt or it will kill you"
"Ah, let the youngsters pay for it"
"What matters is government's assets, not it's debt"

"And you know how we like to quote when it suits us. 
Now, we had to reach far back a few years for this one, but I think it is solid foundation for our $10 Billion investment once the bills are all added up.

Our national debt may be a national blessing : the debt is public wealth, political union, protection of industry, secure basis for national currency, the orphans' and widows' savings fund (1865)

Yes, we believe in the power of debt and  we have the power of a majority government to say "It's our debt-way or the highway folks".

"Just relax... trust us ... don't worry, be happy; after all, we have no history of debt or a really bad deal for our province."
-30-

I don't know much about provincial debt; but I know enough that my daughter and son would be pretty pissed if my credit card is maxed out when I leave planet earth and they have to pay for it.  

Especially when so many people were warning me I was recklessly playing so close to the fiscal cliff when there were other options.

















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