BC Election Spending Promises
Consider the cost of campaign promises
I am a model. No, not that type. I do financial modelling for work. I take raw data and create scenarios to calculate the impact of future events or decisions.
For example, when the price of oil dropped to MINUS $47, I didn’t panic because my models showed it would turn around. It did. Looking at the general global economy as a whole, we don’t get back to “normal” for at least another 12 to 15 months. Some analysts predict 2023. I’m gonna stick with Q4 2021.
What troubles me about this ill-timed provincial election, besides having a candidate for the NDP who lives in the posh Yaletown neighbourhood of Vancouver, is the unending slew of campaign promises made by each party. I know it’s expected that political campaigning 101 is to promise the world, get elected and then not deliver, instead blaming the previous government.
However, what I find particularly offensive is that not one party has explained how we are going to pay for all of these massive projects especially as revenues have dropped.
So where do these magical funds come from?
Political parties need to be realistic in their promises and back their spending with predicted revenues. We don’t need deficit spending or to go into debt, and must look to austerity.
Where do we start? Perhaps all the MLAs should take a pay cut as many in B.C. have seen their incomes drop this year. Oh, whom am I kidding? We could pull a Bill Bennett circa 1983 when the government of the day fired 25 per cent of the public servants with workers and unions in the public sector losing the right to negotiate almost anything. Yea. That will not happen either. However, we certainly can put off capital projects for a couple of years, maintain spending on human capital and pay down our debt.
Who’s gonna have the guts to step up and tell it the way it is? Bueller …? Bueller …?
Oh. I was also a fashion model too once.
Patrick Smyth // Whistler