This week, the Alberta government designated Oct. 1 the Day of Older Persons. It’s recognition, we’re told, for the important contributions seniors make to the cultural and social fabric of the province.
And that is undoubtedly true. Although it could also be in recognition of the votes these older persons represent with an election just eight months away. Not mentioned was the incredible economic strain this same demographic is putting on not just Alberta’s finances, but the finances of the entire country. Now, the federal Parliamentary Budget Office (PBO) is sounding the alarm over what it is predicting will be a debt Armageddon unless drastic measures are taken.