Congratulations to Premier Ralph Klein. Alberta can claim that it is now the only province in Canada with its provincial debt cleared.

Oil revenues some say. Prinicipled policy others say.

Consider these words from Premier Ralph Klein:

“Alberta is the first debt-free province in Canada. Let those words sink in for a minute. It’s quite an achievement!

“To put it in context, consider that the federal government currently has a debt of more than $500 billion, and debt and interest payments each year of more than $35 billion. That means the federal government’s single largest program is debt!” — Premier Ralph Klein, July 12th 2004

Indeed.

Again, my congratulations.