A balanced approach
Re: B.C. Liberals trying to balance the budget.
The good news is that our provincial leaders plan to balance the budget next year. I wonder why this good news is being announced just before the next election?
The bad news is that they are struggling to find any more cuts. I suggest they start with reversing the pay raise that all MLAs, deputy ministers and assistant deputy ministers got back in 2007. This would save about $3.1 million every year.
Next, let’s fund the retirement package at a 1:1 ratio instead of the sweet 4:1 deal going on now. Then we should stop any bonus pay to high-income employees (why pay a bonus when we are going further in debt). This should also apply to all Crown corporations.
Next, a tax increase to anyone making over $250,000 similar to the proposal in the U.S. by Mr. Obama. Just imagine, we might even have money left to pay down some of our $50 billion debt instead of leaving it for our children and grandchildren to pay.