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Alberta provincial budget - 2016

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  • #46
    I am pleased with this budget. I would have liked to see the school lunch promise kept, though, instead of deferred. And, they also deferred the $25 a day childcare program.

    There are some major cutbacks there too, if that tickles your fancy as it seems to do for so many albertans. A number of ABCs being dissolved.. flat spending or slight decrease in a number of departments... slowest increase to health care budget in a long time.

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    • #47
      Originally posted by AAAAE View Post
      I am pleased with this budget. I would have liked to see the school lunch promise kept, though, instead of deferred. And, they also deferred the $25 a day childcare program.

      There are some major cutbacks there too, if that tickles your fancy as it seems to do for so many albertans. A number of ABCs being dissolved.. flat spending or slight decrease in a number of departments... slowest increase to health care budget in a long time.
      Tinkering.

      A 90% drop in royalty revenue (and a halt to billions in incoming capital expenditures to overproduce oil sands) means we are in huge trouble. The NDP is dealing with the situation the best as it can, as would other parties.

      Deep austerity measures though, like the right wing parties favour, would have created great opportunity for some people to try to take advantage of collapsing demand, falling house prices, falling property and share prices, a mass exodus of people, cats living with dogs, etc, but austerity following a so politically enabled and biased sectoral boom is a rather morally repugnant approach.

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      • #48
        Looks like closing off the carbon capture program is going to cost $230m a year for the next 3 years...

        http://www.finance.alberta.ca/public...016/energy.pdf

        See: post-closure expense.

        Comment


        • #49
          Originally posted by KC View Post
          Originally posted by AAAAE View Post
          I am pleased with this budget. I would have liked to see the school lunch promise kept, though, instead of deferred. And, they also deferred the $25 a day childcare program.

          There are some major cutbacks there too, if that tickles your fancy as it seems to do for so many albertans. A number of ABCs being dissolved.. flat spending or slight decrease in a number of departments... slowest increase to health care budget in a long time.
          Tinkering.

          A 90% drop in royalty revenue (and a halt to billions in incoming capital expenditures to overproduce oil sands) means we are in huge trouble. The NDP is dealing with the situation the best as it can, as would other parties.

          Deep austerity measures though, like the right wing parties favour, would have created great opportunity for some people to try to take advantage of collapsing demand, falling house prices, falling property and share prices, a mass exodus of people, cats living with dogs, etc, but austerity following a so politically enabled and biased sectoral boom is a rather morally repugnant approach.
          This might be a bit contrarian but we really aren't in that much trouble. Debt is still no where near other provinces in the good times. Federal stimulus is not shown in their GDP estimates, ie they could be too low. With the increased benefits for poor parents, a lot of Albertans will feel like they are in better shape, regardless of what the economy is doing. Likewise with the carbon tax credits - another chunk of change coming in the mail for a lot of families. Times will get better, not worse, for most people here on out.

          Comment


          • #50
            I find the complete phase out of C Tax rebate threshold to be way too low. $51,250 is way, way too low.
            I drive really slow, in the ultra fast lane
            While people behind me, are going insane.

            Comment


            • #51
              Originally posted by the.tru.albertan View Post
              I find the complete phase out of C Tax rebate threshold to be way too low. $51,250 is way, way too low.
              I'd say it's almost too high. 95K phase out for families? That's a decent lifestyle.

              Comment


              • #52
                Originally posted by MrOilers View Post
                Jim Prentice's PC budget was better.
                At least he would have cut spending a little. I haven't seen one valid explanation why we have about the highest per capita spending in Canada, and why we are increasing that, when we are in a bust. I constantly used to hear, when we were in a boom, that was the reason. What's the excuse now? As Margaret Thatcher once said, "the problem with socialism is you eventually run out of other people's money". We are certainly dipping deep into other people's money now, NDP has set the stage for a bloodbath of government cuts in three years time when government changes, and there won't be much sympathy given this nonesense versus what the private sector has faced. If you can't reign in spending now, in a depressed job market with most people realizing its fair to share the pain, when can you? Too bad, it could have been very different with some phased declines instead of foolish spending increases.

                Someone who works for Schlumberger who has been forced to work only 80 percent hours for 80 percent pay, isn't going to be impressed by their tax going to pay for increases in spending. What this budget should have done, is realized like the private sector the reality that we have a smaller economy / revenue base now, and presented a multi year plan to reduce government spending to match that reality. Instead, it's just cloud cuckoo land. I expect the credit downgrades to roll in now.
                Last edited by moahunter; 15-04-2016, 06:56 AM.

                Comment


                • #53
                  Originally posted by AAAAE View Post
                  Originally posted by KC View Post
                  Originally posted by AAAAE View Post
                  I am pleased with this budget. I would have liked to see the school lunch promise kept, though, instead of deferred. And, they also deferred the $25 a day childcare program.

                  There are some major cutbacks there too, if that tickles your fancy as it seems to do for so many albertans. A number of ABCs being dissolved.. flat spending or slight decrease in a number of departments... slowest increase to health care budget in a long time.
                  Tinkering.

                  A 90% drop in royalty revenue (and a halt to billions in incoming capital expenditures to overproduce oil sands) means we are in huge trouble. The NDP is dealing with the situation the best as it can, as would other parties.

                  Deep austerity measures though, like the right wing parties favour, would have created great opportunity for some people to try to take advantage of collapsing demand, falling house prices, falling property and share prices, a mass exodus of people, cats living with dogs, etc, but austerity following a so politically enabled and biased sectoral boom is a rather morally repugnant approach.
                  This might be a bit contrarian but we really aren't in that much trouble. Debt is still no where near other provinces in the good times. Federal stimulus is not shown in their GDP estimates, ie they could be too low. With the increased benefits for poor parents, a lot of Albertans will feel like they are in better shape, regardless of what the economy is doing. Likewise with the carbon tax credits - another chunk of change coming in the mail for a lot of families. Times will get better, not worse, for most people here on out.
                  I like the attempts at positive contrarian views however, just because currently we may be far less in debt than our neighbours the issue is the decline in income. It may be temporary but if not, then we are just delaying massive cuts for a couple years.

                  Unfortunately, we are in the process of "socializing the losses". The gains were "privatized" under the PCs and that's all history now. During good times 'a few' did extremely well, and they are now leaving the province, and the average person did quite well though may have just faced higher costs without any benefits, and the poor, of course, often did worse during boom times. Now, the debt is going to delay and soften the blow but the bottom line is that it's a patch to a bad fiscal arrangement that will cost us in the end as the debt will have to be paid back.

                  Comment


                  • #54
                    Originally posted by moahunter View Post
                    Originally posted by MrOilers View Post
                    Jim Prentice's PC budget was better.
                    At least he would have cut spending a little. I haven't seen one valid explanation why we have about the highest per capita spending in Canada, and why we are increasing that, when we are in a bust. I constantly used to hear, when we were in a boom, that was the reason. What's the excuse now? As Margaret Thatcher once said, "the problem with socialism is you eventually run out of other people's money". We are certainly dipping deep into other people's money now, NDP has set the stage for a bloodbath of government cuts in three years time when government changes, and there won't be much sympathy given this nonesense versus what the private sector has faced. If you can't reign in spending now, in a depressed job market with most people realizing its fair to share the pain, when can you? Too bad, it could have been very different with some phased declines instead of foolish spending increases.

                    Someone who works for Schlumberger who has been forced to work only 80 percent hours for 80 percent pay, isn't going to be impressed by their tax going to pay for increases in spending. What this budget should have done, is realized like the private sector the reality that we have a smaller economy / revenue base now, and presented a multi year plan to reduce government spending to match that reality. Instead, it's just cloud cuckoo land. I expect the credit downgrades to roll in now.
                    Thatcher was the Iron Lady. Didn't give a **** for those whose luck ran out. She was probably a total narcissist.

                    I think Notley will be the Iron Mum.
                    We're all family, on the same team... She'll have to employ tough love to bring things back in line but at least she has some materialistic/paternalistic instincts and intelligence - something Thatcher lacked.

                    Comment


                    • #55
                      ^there is no tough love there (Thatcher by the way, came from modest means, she was middle class through and through, unlike most UK leaders). There is no asking government departments to come up with 10% savings or similar, or to present a plan with how over the next 5 years our spend will be right sized. There is no message that our kids might have to tolerate a few more children in their classes, or that we might have to wait a few more months for an operation, or that we won't be getting new schools quite as fast. That's tough love, and people are open to it right now, but its not being presented. The funniest thing is all these people on here saying how we should have saved in the good times, to have put away all that excess money we made from royalties. Now this NDP government is doing the EXACT opposite, rather than saving excess money, they have already spent excess money they HOPE we might one day get if the stars align - there won't be any royalty saving anytime ever with these policies, just like there won't be tax cuts, and will never be Ralph Bucks, rather, our government empire will keep growing bigger and bigger until that's the only decent employer left.
                      Last edited by moahunter; 15-04-2016, 07:40 AM.

                      Comment


                      • #56
                        I'm really overwhelmed by young peoples generosity.
                        A year ago I would have argued that running up debt like this is absurd and irresponsible.
                        But now, I figure that since you voted for this, I might as well enjoy it.
                        I will retire in less than ten years, if present trends continue, between the NDP and the Feds you will have incurred about $30,000.00 in debt for my benefit.
                        This is a direct subsidy to my last working/taxpaying years.
                        I'm going to be sitting on a beach somewhere while most of you will be working your $15.00/hour jobs trying to pay it off. (I wonder what interest rates will be in 2025?)
                        Anyway, thanks again, you really didn't have to.

                        Comment


                        • #57
                          I guess you're yet another Albertan who needs a slap in the face reality check, Ralph.

                          Pick one:

                          1) High taxes and good services
                          2) High deficit and good services
                          3) Low taxes and poor services

                          Your segment of the population is sick with addiction to oil cash. You have spent far too long living in the unsustainable fantasy-land of low taxes and good government services. Welcome to the real world where that doesn't exist. Time to choose whether you want **** services, high taxes, or a deficit, because you can't have your cake and eat it, too.

                          Comment


                          • #58
                            ^I pick 3, start the cutting, and one day, cut my taxes / or send me Ralph bucks. The other two won't work, number 1, high taxes, drives business away / prevents diversification (why would you set up here in isolated Alberta if there is no tax advantage?) - and number 2, just freeloads off future generations to set up Ralph60s retirement. The "good" services never transpire anyway, people just abuse the system more / pay themselves more, ala Redford and her penthouse, or doctors / unions milking the system for a higher bonus or more time off.
                            Last edited by moahunter; 15-04-2016, 08:36 AM.

                            Comment


                            • #59
                              I love all the low information tard views how this is a good budget posted here. 2019 can't come soon enough.

                              Comment


                              • #60
                                As a newbie to the Prairies I have a suspicion as to the Prairie populus aversion to taxation: they just don't want to pay tax to live in this crappy weather place. They are all 'drill till I leave'.

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