Perhaps I should have stayed in bed. I got up and turned on the radio. I hear the Liberal Princling’s voice promising land and housing in Vancouver . Amazingly , it is implied that he will pay for this by borrowing more money since he denigrated ,in this short ad , The NDP leader and the Prime Minister for talking about balancing the books. Obviously, he had no time for that.
I can’t remember ever hearing so blatant a statement which in essence says vote for me and I wil borrow more now and incur a deficit.
In a series of blogs earlier this year I showed that all the Provinces were carrying a deficit this year . The Federal Government is the only Government this past year to balance the books. We carry a large national ( Provinces and Federal Government combined) debt. The Economist Magazine debt clock shows our national public debt to be $1, 721,393, 622, 951.That is over one and one half trillion. That translates into $ 48,532.21 per person. Our debt is 85% of our GDP!
And this morning the Party that is promising more deficits is ahead in the polls? Where am I?
Have we heard of Ontario and Quebec and their debt? Of California? Of Spain , Greece?
When a national leader denigrates those opposed to deficits , promises more of them , we all have a big problem .
If this is our future , get on your knees.