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