Summer Fun Food and Drink - Lies my Finance minister told me · 20.08.09 by colin newell
As government revenues plunge, B.C. taxpayers should brace themselves for a “very, very difficult” budget in two weeks, Finance Minister Colin Hansen is warning.
Gotta pay for the 2010 Olympics somehow. Let’s see. Where can we find the money?
According to Hansen…
In the last three months, British Columbia has faced a financial chainsaw, he said, including:
*Corporate income tax and personal income tax revenue down by about $1 billion.
*Projected revenue from natural gas — down by about $500 million.
*Projected revenue from other natural resources — down by about $500 million.
*Projected revenue from the social services tax — down by about $200 million.
*Spending on forest fires and social services — up by about $500 million.
What’s funny is… if you add all these “perfectly legitimate” numbers – at least most of them… they add up to the costs needed to cover the 2010 Winter games in Whistler, B.C.
I love that word Projected because it is imaginary and it allows the honorable minister to lie, lie, lie!
Yes, corporate income tax is going to be down $1 billion dollars – thank-you’s to Gord for all those generous tax breaks to his friends in high places.
And you and I get to make up for it.
So in two weeks, British Columbian residents are going to experience the most gut-wrenching, the most nauseating, the most sickening budget that we have seen in at least the last decade… or more.
All this fiddling and futzing, ostensibly to pay for the Royal 2010 Winter games.
Parents and Grandparents: Do yourself a favor. As soon as your kids and grandkids learn how to talk, apologize to them… because they will be paying for the 2010 Winter Shames for decades to come.
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