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Originally Posted by Red
Not trying to dispute that, but isn't that a myth according to some people that dig deep?
Didn't they sell GM at a loss just to show that surplus last time? Historically, aren't the cons actually borrowing more than the liberals?
I've read many claims about all that, any truth to that?
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Depends on the context.
The Conservatives under Harper did run deficits in response to the 08/09 financial crisis, and that might be what you're referring to. They successfully navigated us through that depression and emerged on the other side with the Canadian banking system and economy being used around the world as an example of best practice.
Since then, they made balancing the budget a priority and had just achieved that goal when Trudeau was voted in. That's what I was referring to, the time period 2008-2015. You are also correct though because they executed a whole bunch of stimulative measures during collapse in '08 and ran deficits.
Before that, I'm not as familiar. I think after Trudeau's dad riddled the country with debt (back in the NEP days), the Liberals under Chretien did a pretty good job of getting things back to a balanced ledger.