- Too funny
- July 10, 2013 - 12:59
" it is not the province that will pay for the project, it will be the rate payers". That's rich. You're pretending that rate payers and taxpayers are two different groups of people - like John Smith and Taxpayer II.
- John Smith
- July 10, 2013 - 06:51
Wow...where to start...First of all the project will not cost 14 billion dollars, we will borrow around 4 billion dollars, at the lowest interest rates in the history of finance. We spend about 3 billion a year, every year on healthcare in the province, so I hardly think a one time borrow of 4 billion, financed over 50 years will do any damage. As well, it is not the province that will pay for the project, it will be the rate payers. The same rate payers who have seen their bills increase by 78% since 1998. The problem with the upper Churchill was that we had to go through Quebec, the same Quebec that has maps in their schools showing Labrador as part of their Province. They knew all along that if we had to go through them, we would have to pay...and pay dearly...Now, we are going around quebec with our power...and I forsee a time when we have 5 cables running across the gulf, with power from the upper lower Churchill, as well as other sources flowing to the spot market. Mr. Dwyer, you are wrong...simple as that...