The fiscal update from the Alberta government was terrifying as we embrace over $100 billion in debt. There has never been a deficit this large in Alberta’s entire history and there is no sign yet that it will be getting better any time soon.
Not all of this can be blamed on the pandemic. Alberta was heading into another big deficit well before we ever even heard of COVID-19.
Franco Terrazzano of the Canadian Taxpayers Federation and I discuss how we got into this mess and more importantly, what we will have to do to get out of it.
Alberta got debt free before and we can do it again.
When will we see a leader with the will and fortitude to do it though
Click below to download or listen directly. It was a great chat.