Politicians keep telling us that we need to buckle up while they overspend like there’s no future, but, when we finally emerge from the COVID Tunnel of Hell, taxpayers can’t afford for governments to keep spending our bottom dollars.
Premier John Horgan has delivered his 2021 budget for British Columbia and, while there are some encouraging signs, it looks like Victoria is now hooked on emergency spending just as Ottawa is.
But, for the sake of our collective sanity, let’s pick up our chins and look at the good news first.
The budget deficit isn’t as deep as most analysts were fearing. During the last fiscal update, we were told to expect a deficit of about $13 billion, the cost of more than six St. Paul’s hospitals.