Thursday, April 7, 2016

"Sunny Ways" or "Spiteful Ways": Another Example of "Governing by Undoing"

With regards to a $30B deficit versus a platform of (unnecessary)  $10B deficit

Joe Oliver,  the former Minister of Finance: "... That’s quite a feat of spending, but I suspect the government is up to it. You see, it has three reasons it wants to deliberately run a deficit for fiscal 2015–16. First, to conceal the fact that the Conservatives left behind a surplus. Second, to blur the sharp contrast between an inherited surplus and four years of large deficits. And third, to move some of this year’s spending into the last month of the just-ended year, making the deficit seem a bit smaller for 2016–17, which will be seen as the start of this government’s fiscal legacy."

http://www.financialpost.com/m/wp/news/blog.html?b=business.financialpost.com/fp-comment/joe-oliver-now-we-have-proof-the-economy-is-no-excuse-for-deficit-spending&pubdate=2016-04-07

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