Saturday, February 20, 2010

On limiting factors

Sask Party Finance Minister Rod Gantefoer sets what has to be the lowest standard I've ever heard for "good news" in explaining how it is that he's managed to overestimate Saskatchewan's potash revenues yet again:
Rod Gantefoer, who made the comments while speaking in Saskatoon on Thursday, said compared with the nearly $2 billion in revenue the province expected from potash at the beginning of the fiscal year, the final figure will seem like almost nothing.

"The good news is it's not decreasing by the exponential rates it used to -- when you're getting near zero, the numbers get smaller. But, it is less than $100 million," he said.
That's right: the Wall government is proudly spinning that its earlier failures were so massive that its later ones seem relatively unimportant in comparison. But if the only limit on its incompetence is the outer boundary of mathematical definition, that hardly offers reason for confidence in how the province is being governed.

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