"Debt Clock" Tours Lethbridge: B93.3 FM : Lethbridge's #1 Hit Music Station : Lethbridge News, Alberta
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"Debt Clock" Tours Lethbridge

 
 

LETHBRIDGE: A national group concerned with government spending stopped in our city Monday - with a serious message and a larger-than-life prop.

The Canadian Taxpayers Federation is taking its national debt clock -  the online version of which is featured on this page - across the country, in protest of how quickly the federal government is racking up debt.

The six by 12 foot debt clock displays how much Canada's public debt is increasing by the second, as well as the per person number. The federation hopes seeing the number large and in person will help wake up voters to the probems associated with increasing heavy debt in the country.

And it's not the first time the goup has done this. They toured an earlier version of the clock in the 90's, until then-finance minister Paul Martin released a budget that balanced the books in 1990.

Touring with the clock is Scott Hennig, the Alberta Director of the Canadian Taxpayers Federation. Country 95 News spoke to him during the stop, asking what the federal government needs to do to turn things around.

Hennig noted that stimulus spending is the first thing that needs to go. He explained that things never really got that bad in Canada, and at this point things are already looking fairly strong, meaning the funding is just wasted money.

He added that corporate welfare also needs to be brought down, as it runs into the billions of dollars range every year.

Another spending initiative that Hennig would like to see scaled back is borrowing for green projects. He noted that while they are important programs to support, we shouldn't borrow to push them through.

A local example that he went into for stimulus spending was at the post-office, where they put almost $114,000 into improving bilingual signs. Henning again stated that while it is important, we shouldn't borrow for it, especially when you consider that less than 1-per cent of Lethbridge residents speak French as their first language.



Posted on Monday, February 28, 2011 at 4/17/2014 1:04:34 AM
Source: Marion Warnica/Patrick Burles, Country 95 News------Photo: National Debt Clock makes tour stop in Lethbridge
 
 
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