Quote:
Originally Posted by calgarygeologist
Some commentary on Carney's operational budget balancing:
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I really don't mind that framing, really it isn't anything extraordinary it's just saying that ordinary day to day spending will in balance and any deficits will be for economic growth based purposes.
Having said that I'm skeptical it will happen because life comes at you fast and events will inevitably overtake plans (plus it's kind of like the credit card I had in university... "I'll only use it for emergencies... *three months later after staggering back to my apartment from The Den*... pizza at 2:00AM is an emergency right?"). It's to easy to simply call X or Y policy cost a "growth" expense regardless of whether it actually is and put it on that side of the ledger. Kudos to him if he can do it thou.