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FIB - Scams 101 - Ye Olde Archives
Posted By: Steve MacLellan <steve@homebusiness-websites.com> In Response To: Re:An Albertan responds (Cathy)
Thursday, 27 April 2006, at 12:37 p.m.
> How did we get into that position was that in the 80's-90's Our Premier
> Ralph Klein did some serious cutting in our budget and we were very lean
> for many years. Every spare dime went to pay off the debt (which was in
> the billions). We are now debt free and are reaping the benefits from
> those
> lean times. Yes Oil and Gas revenues helped but that is not the only
> cause.
Ralph Klein was the mayor of Calgary in the early 80's. He was elected leader of the Alberta Progressive Conservative Party on December 5, 1992, and became the Premier of Alberta on December 16, 1992.
King Ralph helped get Alberta back on track as the former governments were red-lined after the bottom dropped out of the oil market between 1979 and 1983.
Applewood which was still a relatively new township at that time (you know -- out the end of 17th Ave SE Calgary) had people who had bought new houses there for $150,000 and it's twin, after the bottom dropped out, across the street was selling for $50,000. People were picking up their belongings and walking out...
The "Boom" was over.
Ralph dealt with the aftermath. Government spending was out of control. Everyone had to tighten their belt. I mean everyone. Ralph being intoxicated like he so often was, even offered people on social assistance "a bus ticket to Vancouver" to exploit the (then) more generous social assistance of British Columbia.
At the 2004 Calgary Stampede, Klein announced that the province had set aside the necessary funds to repay its public debt in 2005. LOL, the hero. And now he's throwing money away.
The "Boom" has begun.
History would tell us that you are not "reaping the benefits" of the lean times. Alberta is "booming" and it isn't because of Ralph. The oil industry has always driven the economy in Alberta.
I lived in Calgary, Alberta for 20+ years.
Regards,
Steve MacLellan
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