Public pensions unsustainable

Re: Time for B.C. to get smart or go broke, B.C Views; Politicos call on feds to fund LRT, News, Aug. 12, 2011.

Re: Time for B.C. to get smart or go broke, B.C Views; Politicos call on feds to fund LRT, News, Aug. 12, 2011.

There were two articles that struck me in the Gazette on Friday. One was the editorial from Tom Fletcher.

How can it be sustainable to have more people with pensions in the public service than in the private?

The private sector is losing jobs, closing stores, leaving the province for Alberta where taxes are equitable or leaving the country all together. That leaves a smaller tax base from which to pay these huge pensions. Look at Greece.

There was also an article regarding light rapid transit, and a comment from Denise Savoie was especially disturbing: “it can’t be paid from taxpayer, property taxes or gas taxes alone.”

Where does she think that federal funding comes from? Taxpayers, Denise.

Allison Barber





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