Thursday, January 6, 2011

Canada is not in a structural deficit.  A structural deficit is what Trudeau left us with.  A structural deficit is related to normal federal government function, not stimulus spending.  The government does not rely on the deficit monies.  But it has helped many hard working Canadian families.

In comparison with the deficit spending in the US, Canada's deficit is remarkably low.  In fact, if we were to run a deficit according to our relative size, we wouldn't be talking 50 billion, we would be posting a deficit of 260 billion dollars--about half of Canada's current total debt from all time.

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