BC Liberals are Fraudulent

[Veovis]

By the way seems to me last election she promised a lot of things: Families First! Open transparent government! LNG! no tax increases! debt free BC! has any of that happened? Nope!! Please the BC Liberals are an embarrassment to the Province of BC.

Well the RESP grant is certainly a families first type initiative, however people are often happier to say that government does nothing for families when they themselves aren't doing anything about it. There are many federal and provincial programs that are beneficial to families and kids, however if you aren't personally served from a home visit to make it happen it therefore doesn't exist.

The only way government programs help families is if those families get off their *bleep* and use the government programs available. In 10 years that 1200 grant can be a great relief on tuition, but if you never to apply, it's somehow the governments fault.

[jayro]

Remember It was the BC liberals who removed the freeze on tuition.... Tried to bring in the HST raised taxes closed schools and downloaded a ton of other costs on families (ICBC MSP to name a few). Plus we have a massive deficit which will be passed on to the next generation why are we spending money we don't have... How is this putting families first. Plus a lot of students that graduate end up moving elsewhere for work.

[madmudder]

Ah yes the empty Liberal promises at election time are already hitting the airwaves. Remember last election LNG was the god send cure for all by 2017. One million jobs, trillions of dollars for BC. What a bunch of suckers the electorate are. This time around they are preaching clean energy projects by raising the carbon tax to save the planet. lol More empty promises
from Christy.

[The Green Barbarian]

Remember It was the BC liberals who removed the freeze on tuition.... Tried to bring in the HST raised taxes closed schools and downloaded a ton of other costs on families (ICBC MSP to name a few). Plus we have a massive deficit which will be passed on to the next generation why are we spending money we don't have... How is this putting families first. Plus a lot of students that graduate end up moving elsewhere for work.

My questions are - what deficit? I think you are thinking of the Federal Liberals. Or Kathleen Wynne and her gang of Ontario Liberal bozos.

http://www.theglobeandmail.com/news/bri ... e22995565/

Secondly - who should we vote for instead? I am listening to the relatives tell me about just how gutted Manitoba is now after 17 years of total NDP economic destruction and mismanagement. The NDP is a disgrace.

[flamingfingers]

GB wrote:

My questions are - what deficit?

Growing B.C. government debt unnoticed by most taxpayers: Fraser Institute
Most taxpayers are unaware of the fact that an ever-increasing government debt by the British Columbia government is hidden in the province’s capital budget, according ...

June 2, 2014, 11 p.m.
Economy
By Emma Crawford Hampel
#economics #Fraser Institute #government debt #University of Calgary
Legislative Assembly building in Victoria, B.C.

Most taxpayers are unaware of the fact that an ever-increasing government debt by the British Columbia government is hidden in the province’s capital budget, according to a Fraser Institute report released June 3.

The study said the true state of B.C.’s finances are misleading because annual interest payments and amortization expenses associated with money borrowed for capital spending for infrastructure including roads, hospitals and schools are recorded in the operating budget.

This spreads the cost over several years, disguising the true state of the government’s finances.

“For example, the B.C. government plans a $184 million surplus in its operating budget for 2014/15,” the Fraser Institute said in a release.

“Despite this projected surplus, government debt is slated to grow by $1.9 billion this year, to a total of $41.1 billion.

“In fact, B.C.’s debt will amount to 17.6% of the provincial economy in 2014/15, up from 12.2% or $24.9 billion in 2008/09.”

This debt, which the Vancouver think tank said is growing “under the radar,” will have serious fiscal repercussions in the future.

“When the B.C. government says the 2014/15 budget is balanced, it’s referring to the operating budget, which attracts most of the attention,” said University of Calgary professor of economics and study author Jean-François Wen.

“But the capital budget, where the province borrows large sums of money to pay for long-term infrastructure spending, is in deficit and is largely overlooked.”

Capital debt will cause increasing interest payments and amortization expenses, leading to spending cuts and tax hikes.

“The B.C. government has promised to restrain spending growth over the next three years. But if it fails to deliver on that promise, provincial debt could spiral out of control,” Wen said.

https://www.biv.com/article/2014/6/grow ... ost-taxpa/

[jayro]

This province is run by even bigger bozos they just do a better job of hiding it. Debt free BC. Balanced budget jobs plan hahahahaha. The only time Christy has ever told us the truth is when her mouth is shut.

http://thetyee.ca/Blogs/TheHook/2014/07 ... cord-high/
How the liberals are running this province is an out right embarrassment. How they get away with it is beyond me. Who should we vote for you ask? Anyone but the Liberals.... Kick those bums out they have gotten away with way too much for too long Vote independent what about the BC Concervatives? As a last resort NDP (were desperate at this point)

[flamingfingers]

^^BC NDP would not get away with the fraud and malfeasance the ChristyLiberals have gotten away with in the past 16 years. The BC NDP would be scrutinized every step of the way by the MSM who have been complacent and utterly devoid of 'investigative journalism' during this time, simply because they have been controlled by interests that have close connections to the BC ChristyLiberals. Wives, husbands, sons, daughters and cronies that are directly employed by the ChristyLiberal government. The major MSM players have breakfast with the premier, play golf with the cabinet ministers and are paid for speaking engagements by corporate interests.

By electing ANY party to government other than the ChristyLiberals in the next election would at least give us a governing party that would TRULY be held responsible and accountable and could not possibly get away with the crap that this present group of corporate prosties has!!

[flamingfingers]

What a surprise!! NOT!!

Vaughn Palmer: Credit report sounds alarm over BC Hydro debt

VAUGHN PALMER
More from Vaughn Palmer
Published on: April 13, 2016 | Last Updated: April 13, 2016 1:06 PM PDT

Hydro is projected to add a further $4 billion in debt over the next three years to cover some of the capital and related costs on the Site C dam.

VICTORIA — Amid an otherwise favourable credit report on British Columbia last week, the Moody’s Investors Service sounded an alarm about a 125-per-cent increase in debt at government-owned BC Hydro.

“BC Hydro’s total reported debt has risen considerably since 2008, increasing from $8.1 billion as of March 31, 2008 to an estimated $18.1 billion as of March 31, 2016,” wrote Moody’s.

Nor is that the end of the rising tide of red ink, the debt-rating agency went on to note in the report dated April 7.

Hydro’s debt load “is expected to continue to rise over the medium-term as the utility moves forward on the construction of an $8.8 billion hydroelectric dam at Site C.”

The current projection is for Hydro to add a further $4 billion in debt over the next three years to cover some of the capital cost on Site C as well as upgrades of the existing network of generating stations and transmissions lines.

All cause for concern, according to Moody’s, because Hydro’s financial metrics — the measures of its ability to go on servicing its own debt — “are among the weakest of Canadian provincial utilities.”

For now the agency regards the heavily-indebted utility as self-supporting, thanks to its ability to put the arm on electricity consumers, including me and thee: “BC Hydro has flexibility to increase utility rates to ensure that its own revenues will continue to support its operations and debt payments.”

Coupled with continuation of the vaunted triple-A credit rating, the government is thereby ensured of the best borrowing rates for the not-inconsiderable provincial debt — $65 billion and rising.

Looking ahead, the main risks that could tip the outlook from stable back to negative include political pressures leading to “a loss of fiscal discipline,” and “a higher than expected rise in interest rates.”

The latter factor is probably the bigger risk, for it would not take much of a jump in interest rates to put additional squeeze on the cash flow for either B.C. Hydro or the provincial agencies that are also borrowing for capital projects.

A one per cent increase to rates would mean a $10 million rise in annual interest payments for each and every $1 billion added to the debt load.

Still the Liberals intend to continue their borrowing ways, with plans to add $4 billion in debt for Hydro and another $3 billion for the rest of government over the next three years.

[email protected]

[maryjane48]

http://www.theglobeandmail.com/news/nat ... e30279257/


one the comments on this article said he is probably holding clarks purse when shes in china haha . but more seriously why no action ?

[maryjane48]

http://www.straight.com/blogra/710481/w ... ut-christy


its not hard to connect the dots on this one . corruption at its ugliest

[maryjane48]

http://m.huffpost.com/ca/entry/10991268


good read about how if you rub christys back she is more than willing to give you a

a job a taxpayers expense

[flamingfingers]

Urbane wrote:

Whether or not you believe Hawaii should be buying LNG from BC the fact is that Hawaii IS buying LNG from BC. That's good.

No they aren't... and they WON'T be:

LNG agreement quashed
David Wylie - Jul 20, 2016 / 4:04 pm | Story: 171181

Photo: FortisBC
B.C.’s LNG export dream has hit a bump in the road after a major merger was quashed.

In May, FortisBC announced it had signed an agreement to provide liquified natural gas to the Hawaiian Islands. It was one of the first agreements to export B.C. LNG.

http://www.castanet.net/edition/news-st ... htm#171181

Follow

Bob Mackin
‏@bobmackin
Breaking: Regulator nixes Nextera US$4.3B Hawaiian Electric merger, killing a B.C. #LNG export deal. #bcpoli

[Urbane]

No they aren't... and they WON'T be:

That's certainly disappointing for those of us rooting FOR success with LNG. I heard the premier on the radio a few days ago and she said that she too was disappointed right now but still optimistic in the long-run. Those rooting AGAINST success can celebrate while the rest of us will hope that the opportunities will open up in the future. This latest decision in Hawaii just shows how dependent we are on factors that are beyond our control.

[flamingfingers]

And it does show us that we need to maintain a healthy skepticism of the promises and 'vision' held forth by elected politicians - Christy in particular!

"LNG!LNG!LNG!" "JOBS! JOBS! JOBS!" 'DEBT FREE BC!" 'TRILLIONS OF DOLLARS!" 'PROSPERITY FUND!"

ETA: I hold that SAME skepticism towards political claims of riches to be had from construction of Site C.

[Urbane]

And it does show us that we need to maintain a healthy skepticism of the promises and 'vision' held forth by elected politicians - Christy in particular!

"LNG!LNG!LNG!" "JOBS! JOBS! JOBS!" 'DEBT FREE BC!" 'TRILLIONS OF DOLLARS!" 'PROSPERITY FUND!"

ETA: I hold that SAME skepticism towards political claims of riches to be had from construction of Site C.

I certainly agree that it's good to have a health skepticism when listening to politicians. As far as Site C goes I've not heard anyone promise "riches" and most of us understand that our Hydro rates, currently among the lowest on the continent, are bound to go up one way or the other. That's a given. If the Site C dam weren't built our rates would likely go up even higher but for me it's about providing needed power for generations to come. Those worried about CO2 emissions should really get behind this dam. The fact that hydro-electric power is one of the cleanest sources of power on earth should be the clincher.