Down a Red End: Stelmach Fiscal Management
Thursday, August 27th, 2009Wildrose Alliance Party
NEWS RELEASE
August 26, 2009
Down a Red End: Stelmach Fiscal Management
For Immediate Release
It was only one year ago when Premier Stelmach proclaimed proudly that
Alberta would boast an $8.5 Billion dollar surplus. Today he is predicting
an adjustment of $15.5 billion with his announcement that Alberta will run
a deficit of $7 billion on top of the Health Super Board’s deficit of $1.1
billion. Of note, spending continues to rise. This amounts to overspending
in the amount of $3100 for every Alberta taxpayer.
Wildrose Alliance interim leader Paul Hinman notes that the figure is about
exactly the same as the amount the Provincial government expects to reap in
personal income tax revenues – up 50 per cent from when the Premier and his
Finance Minister announced their $4.7 Billion dollar deficit budget just
three months ago. “At this rate,” Hinman says, “The Stelmach government’s
deficit could easily exceed $10 billion, and yet they have done little to
curtail their spending and to act like the conservatives they claim to be.
They are demonstrating their Progressive roots: progressively spending out
of control!”
“Premier Stelmach has been wrong with every economic prediction, his plans
have been failures, and his policies continue to undermine health care and
education,” Hinman says. “He has lost all credibility and is only reactive,
not proactive.” Hinman also points out that while the budget bleeds red,
the Stelmach PC’s continue to enjoy their pay raises. “Why should Albertans
believe him now or in the future?,” he says. “We need to Send Ed a
Message!”
By the time Stelmach is run out of office, there will be no sustainability
fund, Hinman predicts. “But there will be a Provincial debt, much higher
unemployment than we see now – and which is already five times higher than
they predicted just three months ago,” he says.
“Not only that, but the impacts on Alberta’s economic strength and
government revenues of a severely downsized oil and gas industry and
significant reductions in property values across the province will lead to
lower service provisions for health care, education, and policing.
The sad part,” Hinman says, “Is this government accepts no responsibility
for their role in this economic boondoggle.”
Hinman notes that Alberta’s neighbouring provinces are taking steps to
address the global economic climate affecting them to great effect. They
have maintained taxation stability or lowered taxes, demonstrated budgetary
discipline, encouraged and attracted capital investment, and “Made the
tough choices when they had to. The Wildrose Alliance proposes policies
that achieve all of these goals, but the Stelmach government wants to
maintain the status quo on spending and hope they win the next lottery.
That is not what built the Alberta Advantage.”
The Wildrose Alliance is a fiscally conservative and socially responsible
party that stands for economic growth and fiscal discipline while ensuring
that Albertans get the services and support they need. The Party has
experienced a surge in membership this year as the Stelmach PC’s continue
to implode and threaten to take the province with them.
Wildrose Alliance Interim Leader Paul Hinman is currently running in the
Calgary Glenmore by election. At the same time, the party is having a
Leadership race that will culminate on October 17 in Edmonton.
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FOR MORE INFORMATION:
Paul Hinman
Interim Leader
Wildrose Alliance
403-479-6000
info@wildrosealliance.ca


