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|    Message 23,144 of 24,289    |
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|    B.C. - from budget surpluses to major de    |
|    28 Nov 12 14:26:43    |
      XPost: bc.politics, van.general, vic.general       From: Cons"@cdn.ca              Before the NDP were defeated in 2001, the BC 'Liberals' under Gordon       Campbell, claimed that the government had 'huge deficits' to pass on to       them and taxpayers. They lied.              Here's what happened:       _________________________________       [NEWS FROM 2001]              Remember the NDP’s Supposed $5 Billion 'Structural Deficit'?              The story behind the big headlines              [...]       So Gordon Campbell and his newly-elected Liberal government merely       followed history when they appointed Barefoot, Duholke and the others to       conduct an "independent" review of B.C.’s finances.              Tough case to make              But a unique challenge faced the Barefoot panel. The B.C. Liberals took       office at the beginning of June 2001, just two months into the new       fiscal year. The books for 2000-01 were closed, under audit, and could       not be retroactively altered.              Even worse for the new government, when the 2000-01 public accounts were       made public, they would show that the defeated NDP had left the biggest       surplus in B.C. history.              It would not be possible for the incoming Campbell government to claim       they had inherited a deficit from the New Democrats based on audited       financial statements.              Moreover, fiscal 2001-02 was already underway. But the budget estimates       had not been passed, and an ‘interim supply’ bill provided funds only       until the end of July.              The Liberals, therefore, had to return to the legislature and obtain       approval to spend monies for the balance of the fiscal period. How was       it possible to claim that the NDP had created a massive deficit when       they had been in power for mere weeks of the fiscal year, and the B.C.       Liberals for the remaining 10 months?              Barefoot, Duholke and their colleagues found an innovative solution to       this dilemma.              Unable to cite a New Democratic Party deficit for the past or the       present, they skillfully projected a massive shortfall for the FUTURE.              In other words, they ignored the previous fiscal year, 2000-01, and the       current year, 2001-02, and instead created a NDP deficit for 2003-04 —       three years after the New Democrats had suffered defeat.              The pattern was set for the new Campbell government to merely follow       history when they appointed Barefoot, Duholke and the others to conduct       an "independent" review of B.C.’s finances.       __________________________________________________              [NEWS FROM TODAY] CBC News - Nov 28, 2012                     B.C. deficit grows to $1.47B, says finance minister                     B.C.'s budget deficit will grow to an estimated $1.47 billion dollars,       Finance Minister Mike de Jong revealed on Wednesday morning.              The new estimate is an increase from the $1.14-billion deficit projected       by de Jong in September, and an increase of $328 million from the First       Quarterly Report.              De Jong said the increase is largely due to the change in the completion       date for the sale of the Little Mountain property in Vancouver.              He also said revenue from personal and corporate income taxes was up,       but revenue from property tax, property transfer tax and coal mining       royalties was down.              Ministries were still working to slash $241 million in spending to make       up for a previously announced shortfall in natural gas royalties, he said.              Plans to replace the HST with the GST and PST on April 1 remain on track       said de Jong.                     Balanced budget still planned              De Jong says he now has a lot of work to do before February to figure       out how to still balance the budget.              "Look at the numbers, look at the projections, look at the forecasts,       look at some decisions that have already been made and what those       impacts are," he said.                     But the NDP says the government has its spending priorities wrong.              "On the one hand, you have a finance minister saying that times are       tough and we have to tighten our belts, and on the other hand you have a       premier saying it’s completely fine to spend untold millions of dollars       on a pre-election ad campaign to boost the Liberal party brand," said       New Democrat MLA Carole James.              "They’re spending a million and a half dollars on party planning for       Family Day; meanwhile, they plan to make reckless cuts to necessary       programs and services and sell off valuable public assets to try to give       the illusion that they are fiscally responsible.              "The Liberals continue to show that their priorities are completely out       of touch with the needs of British Columbians."       _______________________________________________________________              ROBBINS - November Poll              BC Women - When No means NO - NO to Christy Clark (88%), NO to Enbridge       (92%), NO to Kinder Morgan (92%), NO to Alison Redford, NO to being       Federal, YES to Government being a Bully                     Question #1       Do your currently support the re-election of Christy Clark and her BC       Liberal Team for a 4th term next spring?       Yes 9 %       No 88 %              Question #2       Do you support the construction of a pipeline from Edmonton Alberta to       BC’s coast to transport crude oil to be shipped by tanker down the coast       to China?       Yes 8 %       No 92 %              Question #3       Do you support the tripling of capacity of oil company Kinder Morgan’       oil pipelines to the lower mainland of the province including the       tripling of shipments by tanker of this oil through Burrard Inlet to       consumers abroad?       Yes 6 %       No 92 %              Question #4       Alberta premier Alison Redford suggested in a CBC news interview with       journalist Peter Mansbridge that oil shipments down BC’s coastline are       not the business of British Columbians because the coastline is the       jurisdiction of Canada and not B.C. Do you support this position of the       Alberta premier?       Yes 15 %       No 77 %              Question #5       Do you consider yourself to be a strong federalist?       Yes 18 %       No 80 %              Question #6       In your opinion could government be considered to be a type of bully?       Yes 82.5 %       No 11.5 %              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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