“It is quite alarming to see yet another credit agency downgrade the province’s credit rating after this NDP government continues to rack up reckless debt and show an unwillingness to control spending.
Just as Finance Minister Joe Ceci was planning to deliver a message to credit agencies in Toronto and New York, they delivered a message of their own — we need to contain deficits, stabilize our growing debt and have a plan to pay back what we borrow, or we will continue to see our credit get worse. The Finance Minister should have visited these credit agencies six months ago with ears open instead of today with his mouth open.
It is also disappointing that we continue to see this NDP government threaten to fire teachers and nurses as the only possible way to better manage the province’s finances. Firing hardworking frontline staff should not be the first suggestion when this province discusses fiscal responsibility. There are a number of other efficiencies and cost-saving measures that would start saying money today as outlined in our ENGAGE initiative.
Albertans deserve a government that will respect their hard-earned tax dollars and show leadership by responsibly managing debt. As the entire province tightens its belt during this economic downturn, it’s worrisome that our government refuses to do the same. This NDP government continues to demonstrate that it has not considered the ramifications of its record-deficit budget, as nothing it has done since releasing the budget has been able to reinstill confidence from investors, industries and Albertans.”