Fiscal cliffhanger
While the U.S. managed to push the ‘fiscal cliff’ two months further down the road, it is guaranteed not to go away for a long time — it can’t.
All those billions of dollars of campaign contributions translates into billion-dollar IOUs, that have to be paid back.
That hog ties all members of Congress, who now have to walk the walk with their corporate bodies and Congress will continue to be paralyzed, while working-class Americans are going to get screwed — again.
North of the 49th, Stephen Harper, our current dictator, on the pretext of adopting another budget, arbitrarily, arrogantly and without meaningful debate, also changed 71 lawfully adopted pieces of legislation.
He also proposes to commit our country to trade agreements with China, again, without meaningful debate in the Legislature, let alone dialogue with the citizens.
B.C. is not faring any better, with government spending so far out of control it would require a magician to get back on an even keel again:
P3 and IPP programs have proven to be complete disasters, and the costs are being buried in our Crown corporations.
Campbell also lied to the people when he publicly declared that the B.C. Crown corporations had become private corporations. The B.C. government owns all of the shares in those corporations and they were, and still are Crown corporations.
If the B.C. government was to provide an honest statement of its current debt and contractual obligations, the total would probably be in excess of $100 billion, not the $60 billion projected by pundits.
For more details see: http://thecanadian.org/item/1868-bc-may-be-headed-for-its-own-fiscal-cliff-erik-andersen.
Happy new year.
Andy Thomsen
Summerland
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