Premier Stelmach has finally admitted what Albertans have known for a long time: his administration is completely lacking in fiscal discipline and the budget deficit, already the largest in Alberta history, will be far higher than originally projected.

The Premier’s pledge not to raise taxes has left him with few opportunities to increase revenues. That means he’ll have to find $10 billion in cuts, which will devastate the Alberta economy even further. Either that or he’ll start building a tower of debt billions of dollars tall.

Premier Stelmach created this debt thanks to overdependence upon volatile oil and gas prices and wasteful spending. This kind of incompetence is truly unparalleled.

To read what was in the Canadian Press click here