GUNTER-COMMENTSENSE #2 - HALT MEGAPROJECT MADNESS

Edmonton has had a recent succession of so called "progressive" mayors who have proven that it is easy it is to spend other peoples' money. Under the guise of being forward-thinking the progressive mayors and the councillors who joined in their folly committed the City to billions of dollars in mega projects. The accumulated debt from these mega projects is now so BIG that debt servicing is now the third-largest expense in the city’s annual operating budget and interest on the city’s debt consumes about 10 per cent of the city’s nearly $4-billion budget.

Lorne Gunter's recent comment in the Edmonton Sun focuses on what has and is happening in Edmonton, but unfortunately it is being repeated in other cities and at Provincial and Federal government levels. The massive amount of debt at all levels will mean generations to come will be left holding the bag and having to pay the bills.