Quote:
Originally Posted by Calgary '89
Covid isn't the reason we're in trouble. The out of control spending was already happening before we even knew what Covid was. $100B deficit before the pandemic started.
I'm not giving anyone a "pass", I'm saying for the 2nd time in my lifetime and maybe yours too a Trudeau took a massive dump on the economy and left the next guy to clean it up. Maybe it's a coincidence that the next guy is always a conservative but likely isn't.
|
The Conservative government that followed Pierre Trudeau did not "clean up" the Government of Canada's finances. In fact, they made it even worse; federal deficit spending
increased under Mulroney's Conversative government of the mid-late 80s and early 90s. It was the following Liberal government of Jean Chretien and Paul Martin that got Canada's fiscal house in order, balancing the budget and paying down the national debt. It only took Harper a few years to squander this and return the country to deficit spending.
Within my lifetime (I'm 43), there has only been
one government at the federal level that has been responsible with the federal budget, and it sure wasn't a Conservative one.
