It worries me to see such a huge deficit and such debt load being accumulated. This is especially so as there seems to be real problems with delivery of the stimulus monies.
On the other hand, a short term deficit makes sense in this economy. We need stimulus and that requires deficit spending right now.
Of course, while times were good the Conservatives failed to maintain the "rainy day" cushion so carefully created by the Liberals (funny, they run their Party finances so much better than they run the Country's finances). That said, even though the Conservatives spent everything and stripped the cupboard bare, there would still be a deficit regardless in this economy.
At least the "tax and spend" Liberal attack ads won't be on tv this week.
James Morton
1100-5255 Yonge Street
Toronto, Ontario
M2N 6P4
416 225 2777
1 comment:
"We need stimulus and that requires deficit spending right now."
The problem is the money isn't out there yet to create any stimulus. Only 5% has been released, mostly to Crown Agencies & repairs for University buildings. That's it.
So when IS this money going to flow & create the stimulus that's supposed to go back in to the economy? Why during the summer sometime when Parliament is on break & Harper runs around making announcements & doing photo-ops on the spending - although it still won't be out the door. Maybe next Spring we'll see some stimulus money released. This is insane.
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