The 2019 federal budget, like all recent federal budgets, is a tribute to the pleasures of endless economic growth.
Indeed, so steady has the revenue-gusher been — no government has ever had as much money to play with, measured in inflation-adjusted dollars per citizen — that the Liberals have been obliged to perform quite heroic feats of spending just to keep pace. Though real per capita spending is at all-time record levels, the deficit remains stubbornly below one per cent of GDP — hardly a deficit at all, really.
Indeed, they’re not even supposed to. Their impact is, first, symbolic — behold, we run deficits because we like to, whereas the previous government did so only grudgingly! — and second, to permit the government to spend more, mostly on the care and feeding of Liberal client groups. It is time, then, for the conversation to move on: from how spending is financed to what it is spent on, from the size of government to its composition, from the macro to the micro. Deficits of this size are not going to ruin us, as the opposition claims; neither would eliminating them, as the finance minister pretends.
Perhaps one day something a little more stringent will be attempted. And perhaps this budget’s signature initiatives on training and housing, which give every impression of having been cooked up in the Prime Minister’s Office, if not in party election planning sessions, will be the subject.
This is what Canadians voted for.
Yeah Willy Porno is all about 'pleasures' as he proudly professed his favourite moments in life involve jism. LibsAreDone
20 billion more in debt and no plan to rein in this out of control “bribery” by Trudeau, it’s funny that the fools supporting Trudeau’s spending Ways are happily agreeing to mountains of debt for their children and grandchildren...either insanely partisan or fools...
mrbinnion JustinTrudeau Bill_Morneau MaximeBernier AndrewScheer The continuation of a Liberal tradition of trying to buy votes with the voters own money. This does not end well if we don't get the Liberals out of Ottawa.
staines_andyjoy I have not heard any of the Dumocratic hopefuls use the the word growth in any of their speeches....
mrbinnion All borrowed money to begin with.
Would you like to comment on the fact that the general public could not hear the Finance Minister speak? Thought that should be first up on your list.
mrbinnion Very profound. Anything in particular you don't like or is it the whole thing?
folcaraj The government needs to stop spending and start saving. We need to sift through the different programs; pick out which ones are important and keep and which ones to discard; then we need to try to woo investors back to Canada. then open up interprovincial free trade
I don’t trust the liberals one lil bit
DoogerNorth This budget was be fools and vote for lying corrupt scandal ridden liberals again
Endless growth of what debt?
Corporate tax cuts are a bust!!! Never works out. Targeted initiatives like this lead to a better future! Will do more to stimulate economic growth than the tax cut!! Guaranteed!
Bribing the useful idiots and hoping intelligent Canadians just hold their nose I think they realize they probably be around after this election and it will be either the NDP or Conservatives that have to deal with any fallout
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