Thursday, October 18, 2007
PEI drops deeper into the red
As some readers may have observed, the PEI Liberal Government now has 24 out of 27 seats in the provincial legislature. A scary proposition, seeing as only 4 of them have been involved with politics for more than 6 months. But what's even scarier is that instead of curbing spending to wrangle in the mounting provincial deficit, their first budget projects a $42 million loss, bringing the total provincial deficit up to somewhere around $1 billion. Ghiz promised to paint the Island Red, unfortunately, too many people thought he'd be a good premier.
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