Canadian/US Deficit spending

Soenso, from where I sit there is more that unites you and I than divides us. Even though I might see myself a small-c conservative, I think you are correct in seeing terror exhibited in seniors. I think gated communities are a testament to that, moreso than ghettos for the wealthy. It isn't that expensive to put up a fence and gate. Many gated communities in BC offer homes well under the median prices. That isn't to say there aren't palaces either behind walls and gates, but come to think of it hasn't that always been so?

Then I am struck by the irony, we have been talking about one sort of prison with walls and gates, and then yet another.

I haven't made up my mind about the Conservative party. Many conservatives are uncomfortable with the spending. We are trying to appreciate in the times of recession, bordering on depression in some places, it is important for government to spend money for the sake of stimulus.

So when you are building roads, fiber optic networks, prisons and even fake lakes and fighter jets make no mistake that is stimulus. People were and are employed who wouldn't otherwise be so.

But as uncomfortable as I am with the spending in Canada, the US deficit is aiming at 2 trillion this year, with last week's indicator of another 800 billion for distressed mortgages. For Canada to be spending an equivalent amount per-capita, it's deficit would be in the order of 200 billion this year.

I know they have had it particularly bad there. But I can't help noticing Canada's deficit of in the 40s could be far worse if there was a "democrat" equivalent at the helm here.

Even if it is true current deficit spending in Canada is evidence of fiscal restraint, I am worried about the disparity between our monetary systems, when per capita debt in the US is almost twice ours.

Will they end up with inflation of more than 10% per anum, essentially sealing off the US from Canadian export?

It may be that we haven't spent enough in the end.