Quote:
Originally Posted by CaptainCrunch
Its to me a un-neccessay deficit and they are addictive, we've seen that with Kathleen Wynn's government in Ontario and he's a great admirer of hers.
Like I said, its a platform that doesn't resonate with me.
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So the question is, does planning and being honest about running a deficit make it more palatable than promising to balance the budget and failing to do so??
I would argue that had the PC govt actually gone more into deficit spending we'd be seeing a stronger recovery (oil pricing aside). I used to be much more against government intervention in the economy, but am coming around to the more Keynesian thinking.
Cheap money is addictive. Look at the Joe Consumer and the stock market/TARP/QE Infinity/etc. But the Liberals did say it would be for 4 years and then we're into a new election cycle and a new mandate.