Debt-free province could be just few thousand years away?

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Editor,  
It is Saturday morning the 1st of March and the prices of gas and home heating oil have risen yet again.

No doubt this will include an increase in taxes in the price and should assist "Provincial Tax Increaser" Sheridan in balancing the budget.

With any luck, P.E.I. may end up in a surplus position and start paying off the $2-billion debt and the interest charges associated with it.

Just think; if the province amassed an annual $1-million surplus, and politicians could keep their hands off of the money, we could pay off the debt in 2,000 years: a $20-million annual surplus would pay it off in 100 years.

 

Gary Naylor,

Victoria West, P.E.I.

 

 

Geographic location: Victoria West

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