Debt threatens to submerge Newfoundlanders and Labradorians
Higher interest rates would have serious consequences. It's necessary that the government taps the breaks before it takes taxpayers over a fiscal cliff and put all Canadians on the hook for a bailout that will cost them dearly
By Canadian Taxpayers Federation -- Paige MacPherson, CTF Atlantic Director—— Bio and Archives--May 2, 2019
Canadian News, Opinion | Comments | Back To Full Article
Newfoundland and Labrador boasts stunning scenery, friendly people and hands down the most colourful sayings in Canada. But there's a financial storm looming and taxpayers on the Rock are staring down the barrel of bankruptcy while the provincial government is twiddling its thumbs.
In 2017, Carleton University professor Ian Lee predicted than within 10 years, Newfoundland and Labrador would be fiscally insolvent, requiring a bail-out from Ottawa.
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