Quote:
Originally Posted by Hemi-Cuda
That was such a short sighted move simply to pander to voters, and it definitely worked on that front. But it did incredible damage to the Canadian economy and made the recession after '08 much worse than it needed to be. Harper has been running deficits ever since, whereas if he simply reversed the GST cut it would have eliminated the deficit for the last few years
http://www.theglobeandmail.com/repor...ticle10271589/ |
It's interesting when you think about it. Analysts suggest the GST cut cost the government about 7 billion per percentage cut. At the debate the one thing the opposition partys were going on about during the economic portion was the 150 billion dollar debt the conservatives have rung up. Not cutting the GST would have covered the vast majority of that.
What bought them votes years ago could end up costing them this election.