While Finance Minister Ken Krawetz characterized today’s provincial budget as an example of “balanced growth,” and NDP Finance critic Trent Wotherspoon likened it to a “credit card budget,” perhaps the best metaphor to explain today’s fiscal decisions would be “paradox of plenty.”
What the hell is that you say? Well, the “paradox of plenty” or “resource curse” has usually been used to describe our petroleum-endowed neighbor to the west, but today’s budget – while seemingly pedestrian – should force us to ask ourselves if we are not suffering under the same fiscal delusions as our Alberta cousins.
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