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The federal government has long looked down its nose at Newfoundland and Labrador as an economic sink-hole, so you can understand the pride premier Danny Williams must have felt when he told the Toronto Economic Club in 2007 that his province had “turned the fiscal corner.”
Williams’ government recorded a budgetary surplus that year, allowing it to bring in the biggest tax reduction in the province’s history. Williams boasted in that year’s Throne Speech that his province was self-reliant and “master of our own house.”
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