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bailout

It’s time for serious talk about the NL fiscal bail-out

in Featured/Opinion by

The news is full of prognostications of doom and gloom these days. Province set to go bankrupt, unassailable debt, unpayable power bills. What are we to do? For one, we need to start talking seriously about what a bail-out of this province’s crippled finances would look like, if it happens. More and more people (such as the economist cited in this CBC story) think it’s likely to happen. A country like Canada, which espouses to first-world status, does not simply allow an entire province to go bankrupt and shut down. What we should be focusing serious public discussion about, is not if there will be a bailout, but what the terms and conditions of that bailout will be, and how it will happen. On whose terms, and with what end-goal in mind. We need to be having that discussion now, and it is deeply troubling the government has not made…

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