“The PEI government says it will introduce a number of reforms to its public sector pension plans when the legislature resumes next month, including scrapping guaranteed cost-of-living increases.” Globe and Mail. NJN received this comment from a reader.
Robert Rollback – or a broadside in verse on pensions
By Brandon M.
Once upon a time Prince Edward Island voted red
We looked toward Ms. Callbeck
‘Be premier,’ we said
The first province in Canada to give a woman the lead
We trusted her to know us, what we want and what we’d need
Callbeck looked at the numbers and didn’t like what they might spell
‘$100 million deficits will destroy this province, and this party will go to hell’
Premier Callbeck decided right then and right there
She’d cut public sector wages, what is necessary must be called ‘fair’
The people were angry as anyone could see
Which did away with Callbeck, as government went PC
When the Tories were done and Liberals returned
The deficits came with them, as Islanders then learned
Deficits grew as the patronage splurged and spilled
Not a single Liberal elite had pockets that were unfilled
Debts upon debts with Peter robbing Paul
Ghiz couldn’t solve the money problems, or very much, at all
$100 million deficits, as predicted, became the norm
Liberals brought our finances into a perilous, addictive storm
Troubled once again to plug the holes in their strainer
They returned to their old habits without time to think
They’d pull the plug on pensions from the bottom of the sink
The prophecy from Callbeck seems to have come true
So after the Robert Rollback, we’ll fix it with team blue
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