Monday, March 29, 2010

Is Current Financing Sustainable?

All Levels Of Government
Keep Spending, Spending, Spending

How long can it last?

Municipal governments, provincial governments and federal governments are all keeping the illusion of prosperity alive by either continuing to raise taxes or running deficits for future generations to struggle with.

How long can it go on? What do some leaders think in candid moments when not in front of the camera?

The following is a quote from Don Martins column after attending the Liberal 3 day 'think tank' meeting over the weekend. The politicians being quoted are former premier Frank McKenna and former liberal Prime Minister Paul Martin. You will recall that Martin was the finance minister for a long time.

"As former New Brunswick premier Frank McKenna whispered to former prime minister Paul Martin halfway through debate on one of the intractable problems: "We’re f****d". Responded Mr. Martin: "The whole world is f****d."

The full article can be read using this Nanaimo Info LINK.


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