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From: jchapman@watcgl.UUCP (john chapman)
Newsgroups: can.politics
Subject: Re: tariffs,shoes: a source
Message-ID: <2675@watcgl.UUCP>
Date: Mon, 21-Oct-85 10:02:56 EDT
Article-I.D.: watcgl.2675
Posted: Mon Oct 21 10:02:56 1985
Date-Received: Tue, 22-Oct-85 05:09:28 EDT
References: <2650@watcgl.UUCP> <52@ubc-cs.UUCP> <2663@watcgl.UUCP> <56@ubc-cs.UUCP>
Distribution: can
Organization: U of Waterloo, Ontario
Lines: 52

.
.
> >  ............ The only socialist
> >government in BC's history left office with a surplus - care to state
> >how big a debt the Social Credit party has run up?
> 
> John, you are just plain *wrong*! The NDP were removed from office in 
> the late fall of 1975. According to  Statistics Canada report 68-207 which
> covers that time period, the deficit for the fiscal year ended March 31st
> 1976 was 460.5 million dollars. Since the Socreds had only been in power

Well I won't take issue with Stats. Can. figures here.  I do remember
the controversy at the time though  and as I recall the Socreds were
claiming the NDP had left a debt of around $150million and the NDP
claimed they left a surplus of $40million - it seemed to depend on
which bookkeeping method used and whether startup costs of ICBC (later
to become a profit making operation) were to be included.

> you that the budget speech for 85-86 predicts a deficit of 890 million dollars
> which would bring the total BC provincial debt to 2.3 billion dollars. 
 
Hmmm, a 64% increase in the debt in one year.
> 
> The following is a summary of budget surpluses or deficits for the 
> provinces of British Columbia and Ontario as of March 31st of the
> year indicated.
> 
>         1975    1976      1978     1979     1980    1981    1982 (projected)
> BC      16.8    -460.5    161.2    204.1    592.8   -20.7    560
> ONT   -730.0   -1439.0  -1464.0  -1211.0   -685.0  -833.0   -616 
> 
> All figures are in millions of dollars and taken from the same report cited 
> above. (The actual title of the report, which is issued yearly, is "Provincial
> Government Finances: Revenues and Expenditures".) I was unable to find
> any Statistics Canada Reports that reported anything after 1982.
> 
> I don't judge a political party by its name but by its actions. Consequently
> I hardly consider the Ontario PCs to be very conservative. They pursued 
> policies like equal pay for work of equal value, purchased a 25% interest in 

When? I certainly don't see EPWOEV in place anywhere around here....

> SUNCOR, were against free trade, instituted rent controls and ran up huge 
> deficits. Unfortunately, the federal tories seem to be blundering down the 
.
.
 
> Donald Acton

By no stretch of the imagination can either of those two governments be
considered "socialist" - which was/is my point; your comment regarding
socialists and spending was both innaccurrate and unwarranted.