The Graham Legacy

Here is the Shawn Graham Financial Legacy.

$468 million Deficit for fiscal 2008 / 2009, notable this is before the global financial crisis hit

$741 million Projected Deficit in 2009 / 2010, will be higher if Minister Greg Byrne can be believed

$738 million Projected Deficit in 2010 / 2011, but based on their track record will be higher

Premier Graham will have added close to $2 Billion to our debt in three short years. This is if we believe the numbers as they are now presented. The number will very likely be well over $2 billion.

If our average interest rate over the next 10 or 20 years is 5%, Premier Shawn Graham will have added $100 million per year to our annual interest payments. Quite possibly for two generations. This is money that will be taken from taxpayers and not spent on health care, education, roads, etc.

Quite a legacy.