PECKFORD -- Can BC ‘s Economic Plan Be Believed? When You Misrepresent The Deficit, Can 36 Pages of Goggly Gook Be credible?
The BC government is in a rush. Never let a tragedy go to waste; especially something like the Wuhan virus. A new, really, not so new, BC’s Economic Recover Plan of thirty-six pages has been released to the Public. Something for everyone; but can it be believed? Just a few days ago the Public Accounts of the province for the year 2019/2020 were presented. And true to form, with past financial accounts, the government disguised the financial picture of the Province. It continues to mischaracterize the budget — past years it was showing a surplus when there was a deficit. Now it is showing a modest deficit when there is a huge deficit. You see, just about everyone on this left coast has bought into the government’s notion that a budget is just the operating account. It is not!! The budget is the operating account, and the capital account. The federal government acknowledges this reality, and budgets itself accordingly. So, many s...