The Liberals released their Platform this afternoon (Thursday, February 4, 2021).I have not had a chance to plow through the NDP plan but I will and the PC plan when it comes out.I will say that there is a lot of long term vision in this document. I did not reproduce all the highlights.There are […]
Category: Financial Health
Quick Summary of Notes for CBC Interview Feb 3, 2021
Some facts:• We have almost not been able to make payroll twice since 2016 and we are poised to be in the same situation in 2021.• We are borrowing $3 billion 2020-2021 fiscal year and the interest on this loan will cost us $1.8 billion over 20 years.If you look at our spending this way:• […]
Take Action NL Pledge for Candidates
When a candidate calls or knocks on your door regardless of party affiliation ask them if they agree to the TakeActionNL pledge. I will be emailing it out to all parties so I am hoping they will be aware of it if you ask. Pledge: I acknowledge that Newfoundland and Labrador has reached the point […]
Our Leaders Need to Step Up
Who are the elite in our society? They are the ones who are actually financially unaffected by Covid-19 and in particular are actually making more money this year than last. In Newfoundland and Labrador, most of our public servants are actually receiving a retroactive 2% raise back to April 1, 2020. They will receive a […]
NL Revenue, Expense and Debt
These charts need to be considered as you decide who to vote for in the upcoming nominations and inevitable general election. Please consider the following facts from the attached charts: 1/ We are borrowing $3 billion this year and much of it is to pay salaries and day-to-day expenses. 2/ We have the highest per […]
Where we are Financially
We had heard rumblings that Dame Moya Greene had said that we had a 40% problem. We thought that seemed high so figured we would have a look. we have been saying for a long time that we have a 25% problem which as you can see we do. $1.8 Billion(deficit)/$7.12 Billion (revenue) = 25% […]