Thursday, December 9, 2010

O Canada the Deficit!

O come on!  Canada got what all the parties demanded:
Stimulus spending even if it caused a deficit.  Do you guys think Canadians don't have the IQ to remember that?  The wringing of your hands on this again and again and again won't make it more believable:  Canadians can see right through it.  This was a stimulus deficit not a structural deficit.  The "social" programs that might be cut are the programs to stimulate the economy that were employed over the past 2 years.  To great effect compared to everywhere else in the world.

And there can be no comparison with the US.  If we were to compare our deficit with the 2.5 trillion dollar deficit down there, then the Canadian deficit would have been 250 billion! Almost 50 percent of Canada's total debt!  So either no one is intelligent enough to crunch the numbers, or you think Canadians can't divide by 10, or you actually intend to be trying to pull the wool over our eyes.

No comments:

Post a Comment