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Originally Posted by halifaxboyns
Too soon to consider dropping the HST until they know for certain where they come out. Just because the economy is doing well now; doesn't mean a sudden turn couldn't occur.
I'm of the opinion hold it where it is for now and wait for the next budget. That way; if a sudden bump in the road occurs; you have some cushion. If not; then you should be further ahead then you were.
No matter what; the province needs to tighten it's belt and spend within it's means; even when the province returns to the black. It should be focusing on debt repayment because I for one don't want to be coming back and still paying down a huge debt!
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All provinces have debts except for Alberta. The debt should be reduced but it should be thought of as a personal mortgage. Just like most people aren't able to pay cash for a house, provinces aren't always able to pay for infrastructure in advance.
Reducing the HST will encourage people to locate in the province (and Dexter ran on promises of lower PST).