The Ho.th Shore Hews Is published by North
Shore Free Press Ltd., Publisher Peter Speck,
from 1139 Lonsdale Avenue
Morth Vancouver, B.6., ¥7M 244

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Entire contents

© 1996 Netth Shore
Free Press Lid. cna
All rights 1 .

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Guehec

“There’s big savings to be
realized from one integrated
organization. I mean five work
yards (two are school board) in
three municipalitics, come on! ...
If you can find a'time when 21
living, breathing politicians will

_ vote themselves down to seven

politicians, call me — I want to
see it.”

North Vancouver District candi-
date Paul Turner, on amalgamating
the North Shore’s three municipali-
ties and their three councils into
one and the typical reaction to the
debate from incumbent politicians.
(From an Oct. 25 North Shore News
story.)

000

“I'm not going to stamp a
small piece of paper the school
board gives me.”

North Vancouver provincial
court fudge Ellen Burdett, to a
woman seeking court approval to
take over guardianship of a foreign
student to allow that student to get
a free public education. (From an
Oct. 20 North Shore News story.)

ga00

“He says, ‘Do you have a spy
or what! That’s the same suit
we're using for our September
shoot’,”

Ermenegildo Zegno fabric
designer to North Vancouver tailor
Paul Minichiello, after Minichiello
showed up in Italy at the cloth
manufacturer's factory ina suit he .

GUN!.. THERE |
10 1S AFTER AL}

Fama tea Bak ORE MER

designed that turned out to be the
exact same design as was planned
by Ermenegildo Zegne. (From an !
Oct, 20 News Life story.)

O00

“] just feel that this is not the
time to be starting a new pro-
gram. Any multiculcural group
can apply for grants. We can’t
afford it.”

North Vancouver City Coun.
Stella Jo Dean, speaking out against
city council’s plan to invest money
in developing a cultural ‘diversity
policy. (From an Oct. 23 North .
Shore News story.);

mO0

“It was short and sweet.”

West Vancouver Fire
Department Insp. Don Steinbart,
on a fire that destroyed a propane-
powered meat-smoking operation.
(From an Oct. 23 North Shore News
story.)

? 000

“Because of this NDP govern-
ment, because of Glen Clark,
Andrew Petter, Elizabeth Cull
and Dan Miller, and lie after lic
after lie that they’ve told you,
your taxes are going up, and they
are goirig to go up big time on
the North Shore.” 8

B.C, Liberal Party leader
Gordon Campbell, on the NDP"’s
fiscal record. (From an Oct, 23
North Share News story.)

nterest

Met ore

Let’s take o

govern
ebt

THERE is a funny notion
going around that only gov-
ernment debt to foreigners
“counts”. Debt we owe to
ourselves is not something
to worry about.

By Fitip Palda
Contributing Writer

If government owes me a dollar,
it simply caxes me a dollar and
returns it to me. Tam no poorer or
richer. When government pays its
debts to Canadians, all it does is
shuffle. paper.

Moncey owed to foreigners is
more serious because Canadians get

, taxed and never see the money
back.

Thinking like this may help us
sleep ar night, comfortable in this
thought that a large part of the
debt held by Canadians is just an
accounting illusion, Unfortunately,
such thoughts
will not help us
appreciate the
true costs of
allowing the
state to spend
more than it
earns.

To see why
the debt we owe
to ourselves is as
real as that we
owe to foreign-
ers we need fo
follow a dollar
from the day ir
is borrowed to the day it is repaid,

Take the simplest scenario,
where there is just one Canadian.

When the government is short,
$1,000, it can sell me a Canada ,’
Savings Bond. 1 tighten my belt,
fork over the money, and hapé.to
be paid back with the going rate of,
say, 8% interest. Governinent then
spends all this money on me and I
rejoice, ran

Later it taxes me $1,080 in
order to pay me back $1,080, The
net result of all these transactions is
that [have had to pay $1,000 up
fron: for government favors. I have
given up $80 of interest I could
have made by putting my money
with private banks or the stock mar-
ket.

If governnient borrowed the
$1,000 from a foreigner, 1 could
immediately enjoy public services

FRUIT Bot te

“We will pay the /
cost for allowing / 7
government to_
spend more than it
taxes, regardless of
where it borrows.”

ent’s |

linkers .

worth $1,000 without having to
tighten my belt. In the end,
though, I would end up paying -
$1,080 for these services.
The perspective on pay day is
the same, whether government has
borrowed from abroad or from me...
Either way I give up $80 in interest
payments, an
The difference between the two. ”
scenarios lies in when the damage |
gets done. Se
When we borrow from our-
selves, we give up investment...
opportunities on the spot. It does:,
not matter that the money stays in
the country and that all govern:
ment does in paying us is to shuffle”
moncy between Canedians. By the
time it comes to pay urselvés the:
damage has already been done. ’ “
This is why our large’, unpaid

federal and provincial ditbt repre-*
sents damage in progress. 2
We will pay the cos¢ for allowing

government to spend more than it
taxes, regardless

, of where it bor-

Only. by pa
ing down the
debt can gov-
"ernment uni
-the money »:
Canadians
should be.
investing in their”
future and’
unburden us of.
payments to fi
eign lenders,” ~

-— Dr'Palda

Oe ?
vf ts Sentor Economist of the Frase:

Institute, a Vancouver-based right-
wing economic think tank... ::

~- O00 -.-
MANY HAPPY. RETURNS
Tuesday, Oct. 29, to Mount.
Seymour Lions birthday boy.2ai
Dalton. :

_ 000;

WORTH A THOUGHT: You"
can fall many times, but you're not!
a failure until-you start sayiz -
somebody pushed jou: “

— The North Shore News believes
strongly in freedom of speech and the
right of all sides in a debate.to be |:
heard. The columnists published in:
the News present differing points of.
view, but those views are not necesar-
ily those of the newspaper itself.

NOEL WRIGHT ON VACATION.’ ||

ins am kt gan OR RU RUNEE MEAN LEU tae red DT BA el Sh NNN

OME banks need everyone’s pro-
tection. Because what they help
safeguard is a valuable resource |
that, unlike money, cannot be replaced.

The banks in question line fish-bear-
ing streams, with which the North
Shore is especially blessed.

North Vancouver District has moved
to recognize their valuc. Council unan-
imously passed a resolution Monday
night calling on the provincial govern-
ment to enact legislation that would
force municipalities to protect the
banks around all fish-bearing streams.

Hearty applause here.

Salmon stocks on B.C.’s West Coast

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pee ged sweat aban Po 4 Deh

continue to drop. .

Two years of record low salmon runs
coupled with the federal government’s
commercial fleet reduction plans will
cost an estimated $245 million and
close to 8,000 jobs.

And along with the drop in saimon
numbers has been an equally alarming
drop in overall stock diversity.

The damage inflicted on streams up
and down B.C.’s coast by commercial
logging has been dramatic.

The damage inflicted by urban
encroachment and pollution is equally
disturbing.

Over on the East Coast, the cod

SEN et alee -

fishery, once seemingly limitless in its
richness, has collapsed. Yet even with
the smallest sign of its recovery, nature
being such a forgiving beast, the forces |
of exploitation are pushing to reopen a
commercial cod fishery. ‘ wo
The collapse of commercial stocks «
on the West Coast has not yet reached’;
the point of no returns. But action,
some really significant action, is need-/.
ed now. oat
Protection of urban streams is: one
such action. North Vancouver. District ’:°
is right to raise its voice on the issuc. |
Let’s hope the government in>-
Victoria listens. For once. re
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