***The following is a guest blog post by CTF supporter Ramesh Ranjan.
A family gets together around the dinner table with their children. They feast on a well-deserved dinner after a long day of work. Following dinner, the father addresses his wife on the state of the family finances. He says, “Honey, I don’t think we will be able to make our payments this month. What we make doesn’t exceed our expenses.” She responds with “That’s okay...”
This scenario is a microcosm of the B.C. Government over the past 20 years.
Sure, there have been a few years in which our government has balanced its budget, most of which came after former Premier Gordon Campbell made it lawful to do so in 2001.
So when Premier Christy Clark, at the B.C. Liberal Convention this past weekend, railed against NDP leader Adrian Dix’s promise to repeal the balanced budget law, she was right to do so. Repealing such a law is dangerous to the financial health of this province for now and for the future.
However, here is where the hypocrisy lies. It has been well documented that the Christy Clark government is projected to run up a $1.14 billion deficit this year.
But this isn’t the first time a B.C. Liberal government has run up a budget deficit in recent history. They have run deficits since 2009, effectively bailing on the very balanced budget law set in place at the turn of that decade.
In fact, the B.C. Liberals have given themselves exemptions since 2009 to walk away from their own law. At the B.C. Liberal Convention, Clark described her party as one that cared for generations to come but as it turns out, her lack of efforts to balance the books of our provincial finances may help bankrupt those very generations.
As the CTF’s Jordan Bateman noted earlier this week, the very platform that the NDP held back in 1991 is the one being touted by Dix now.
So what hope does taxpayers have that things will change? For just over 20 years, we have seen reckless spending by our elected officials. Spending can only be financed by taxing, borrowing, printing money or modified forms of the above. If none are accomplished, deficits follow and we simply can’t afford to hurt our generations to come.
Just ask yourself, would you live beyond your means and continue to do so and still be financially well off? Our government shouldn’t and it is time for a change.
Ramesh was born in Vancouver and raised in Richmond. With a degree from Simon Fraser University specializing in Economics, he has worked in media relations and communications and now works in marketing and social media in the sportswear industry. You can follow him on Twitter @rammer17.
Is Canada Off Track?
Canada has problems. You see them at gas station. You see them at the grocery store. You see them on your taxes.
Is anyone listening to you to find out where you think Canada’s off track and what you think we could do to make things better?
You can tell us what you think by filling out the survey