Saturday, August 29, 2009

BC fiscal cupboard is bare

The B.C. government said in its Throne Speech that it will review its health authorities, boards of education and Crown corporations in an effort to find cost savings.

"Shrinking revenues will by necessity curtail our discretionary spending," the government said. "The fiscal cupboard is bare and currently hangs on a wall of deficit spending."

Shrinking revenues: Only three weeks ago the government reduced its revenues by giving royalty breaks to the oil and gas industry, of all businesses.

Is the government of Gordon Campbell merely incompetent or is it determined at any cost to give money to very profitable industries?