PETER DEWOLF: ‘Any deficit from next year’s Olympics will be paid off by the people in this province’

THINK OF THE DEFICIT

FORGET THE VANOC BONUSES

 

Recently, the Times Colonist published a story about VANOC staff being in line for $30 million in bonuses.

I have a comment on VANOC’s proposed generosity and it could be construed as unfavourable.

It is a virtual certainty that the 2010 Olympics will incur a considerable deficit.

This being a real possibility, should not VANCOC make bonuses conditional on the financial outcome of the Games?

Perhaps the 1976 Olympics in Montreal should be kept in mind.

A huge deficit resulted from that event.

It was finally paid off 32 years later!

Any deficit from next year’s Olympics will be paid off by the people in this province.

Hopefully, it will not contain $30 million in bonuses.

 

Peter deWolf

Victoria

 

CCC BLOG reprint:

Victoria Times Colonist

‘Think of the deficit, forget the bonuses’

Thursday, November 5, 2009, Page A11

 

CCC