Saturday, October 31, 2009

Steady Eddy to Revive Alberta Savings Bonds

Premier Ed Stelmach is about to bring back the Alberta Saving Bonds program in hopes it will help bring down the ballooning deficit. Is it such a wise move? I know, I know, we have to find a way to get rid of this deficit somehow.

I have some questions that the Premier and Finance Minister Iris Evans need to answer that were not addressed in the article I linked to.

  1. Will this program be cost effective? In other words, will not the bureaucracy be further bloated to look after it?
  2. What will be the price tag to the taxpayer to look after this?
  3. What if the sales turn out to be a flop?
  4. Why not just cut taxes and reduce the size of government instead to erase the deficit? Guess that's too easy eh?
These are some of the questions that need to answered before any Albertan goes out to buy. After all it will affect us all.