Monday, January 31, 2011

CTV discussion on Flagherty.

Short Memories:
@Debt is not fiscally conservative:
Fiscal conservatives hate debt.  But realistic, fiscal, conservatives recognized that in a time of economic collapse, Canada needed to stimulate the economy.  I am puzzled why so many posters forget that it was an all-party motion that made the decision to do deficit spending.
Examine the difference between Canada and the US.  Canada's economy is about 1/10, its population 1/10, and until recently, its debt about 1/10th that of the US.  The Liberals south of the border turned on the taps.  3.2 trillion dollars in deficit later, their printing presses are still running around the clock.  If Canada didn't have conservatives minding the hen house, our deficit wouldn't be 56B, it would be 320B--about 1/2 of Canada's total debt right now.

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