
As debt grows, Alberta faces tough choices
By Doug Firby
Columnist
Troy Media Corporation
The problem with having a great party is that there comes a point when it has to end. And the wilder the excesses, the more wicked the hangover.
For Albertans, it’s time for two Tylenols and lots of bed rest.
Alberta’s decade-long love-in with the good times was a heck of a run: Soaring resource revenues allowed the province to flaunt comparatively low tax rates, high employment, a claimed debt-free status – their freewheeling former premier Ralph Klein even saw fit to send everyone a $400 “prosperity” cheque. Just a short year ago, it seemed the good times would never end.
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The party is over