The BC Provincial DEBT, is 51 BILLION dollars.
That means YOU owe $12, 891.00! Every person in BC owes that. Right now.
Yes we have those smart guys running our government, BC Liberals who think they know how to run businesses. Methinks maybe their experience has been running Daddy's business, without a concern for having to actually make a profit to support their families.
By the end of 2012, we will owe 57.6 billion, and with these smart guys running the province, it will be 66 billion by 2015! It is a matter of what you will accept. Moody's Credit Rating Agency has just given us a prod, downgrading our credit rating from stable to negative.
Our deficit is projected to go to 1.47 billion. That means however much money we take into BC we are going to spend one and a half billion dollars MORE! How long do you think you could exist personally by over spending like that in your household?
But wait, here's the sneaky little dark secret; The BC Liberal government has these P3 projects that they've been doing for years now, and because they are deemed as private deals, they are not for you or I to see or know about. They are called 'Contractual obligations' and they are what we owe these private contractors for whatever they did for the Campbell/Clark government. And because of this, they are NOT added to our provincial debt!
The present estimate is about 53 billion! as of 2010!
Some see this as the payoff to private corporations for building Run-of-the-River power projects, for instance. Those very same projects that were touted as helping the BC economy and are now gouging BC Hydro for more than the power should cost! Some are also wondering what these private corporations did to get such lucrative contracts? Nevertheless, we owe these added billions. Contracted by the Liberal government.
There are any number of BC people with the skill, experience and intelligence to look after this province in trust for the people who live here. BC people who would care about the results of their efforts. We needn't hire the so called experts from elsewhere. We have always been leaders in hydro-electrical power and forestry and mining. We have a right to expect care and concern for British Columbia, it's people and resources. We should reap the rewards of BC's bounty before we allow the funneling off of those riches.
We've tried the so called business models. They have control of the media to remind you of how great they are and how bad others would be. But they have failed miserably to look after your province.
It's time to try again, with a clean slate. We need trust.
The BC Liberals are just not capable of the integrity to run British Columbia.
Dr. Gus Van Harten of Osgoode Hall has written a must-read letter to Premier Clark which you can read here.
There are a few things we do know:
- It applies to trade agreements between Canada and China and, thanks to the premier, BC as well.
- It is, like NAFTA, a treaty that for practical reasons, is all but unbreakable for 31 years.
- It gives China the ability to obtain huge damages if we don’t perform our side of any deal and to sue for them in her own courts
- This agreement has not been debated in Parliament nor in the Legislature of BC
- It won’t be debated in Parliament or the BC Legislature because both the Prime Minister and Premier Clark don’t think they need the agreement of our legislative bodies
- Without any question, this treaty will impact upon the Province of British Columbia and could cost us hundreds of millions of dollars
- It seriously compromises the constitutional rights BC has under Section 92 of the Constitution Act (1982)
Let us suppose the Province, under a different government, wants to stop the Enbridge pipeline or any other contract where China has an interest. This will involve us in a huge claim in damages. Indeed, any deal the federal government makes with China has been accepted in advance by Premier Clark.
Think on that for a moment. We have signed away, without any mandate from the Legislature, let alone the people, our constitutional right to oppose trade agreements with China no matter how badly they fly in the face of BC’s constitutional powers or how injurious they are to BC's interests.
Below you’ll see a letter from Clark pledging BC cooperation with the feds.
Jane Sterk, Leader of the Green Party of BC, questioned this policy and got this rubbish in reply on October 26:
Dear Dr. Sterk:
Thank you for your letter of October 23, 2012, regarding the Canada-China Foreign Investment and Protection Agreement (FIPA) that was signed at the Asia-Pacific Economic Cooperation Summit in September.
The provincial government has been involved in the process that led to this agreement and we are confident the new Agreement will provide a framework through which greater economic prosperity will come for British Columbians and for British Columbia’s business sector.
I think we can agree that international investment is key to building our provincial economy. We feel encouraged that written in the Agreement are unambiguous assurances that provisions and procedures for investor-to-state dispute settlements are clearly laid out and that they stipulate transparency provisions that are important to Canada. We have been advised that the Agreement will likely result in one of the best written investor protection treaties ever and significant efforts have been put into ensuring the Agreement is in the best long-term interests of Canada.
The main goal and objective of this FIPA is to establish a more transparent investment relationship with China and to ensure Canada and Canadian businesses are treated fairly. China is B.C.’s second largest trading partner and we want to strengthen that relationship. This investment agreement is an important step in the right direction towards improving our trade, investment and cultural ties with China.
Sincerely,
Christy Clark
Premier
There are two major issues here:
- Is this a good deal for Canada and BC?
- What are the implications for BC’s constitutional rights under the Constitution Act of 1982?
As to the latter, as one who has been involved in such matters at the highest level, I can tell you that on the face of it, Premier Clark’s letter abandons the constitutional protections BC has.
This is no minor, legal nit-picking. We live in a federation where both the federal government and the provinces have legal, inviolable rights. This is the glue that holds the nation together.
On the pipelines/tankers specifically there are a number of areas where BC has the absolute right to make conditions or ban them outright. Premier Clark, in her disastrous statement, has, on the face of it, estopped BC from exercising our rights. “Estopped” means that she has taken a position upon which another has acted and can no longer exercise the rights she signed away.
In short, by agreeing to this treaty, she has, for the length of the contract, surrendered our right to exercise our constitutional rights.
Why did Premier Clark do this?
We can't overlook the fact that she may just be too stupid to understand what she has done. One hates to say this sort of thing but this is surely an option we must consider, remembering Mair’s Axiom One which states, “You make a very serious mistake assuming that people in charge know what the hell they’re doing.”
If she took advice, it was terrible. Moreover, she couldn’t possibly have read outside independent advice as that given by Dr. Van Harten.
To my way of thinking it’s because she’s at the mercy of the Feds when it comes to canceling the HST, just a month ahead of next May’s election.
We have, then, given our constitutional rights away without any consultation with the people who lose these powers. It’s been called “economic treason” and I agree.
Is there any doubt now why she was too cowardly to call a fall sitting of the Legislature?
To give this bunch another mandate would be insane.