March 25: Budget calculations, 2019. Plus other letters to the editor GlobeDebate
: The carbon tax and pipelines are only part of the problem. If the current governing party cared about all of Canada, where are the Liberal Party leaders from outside Eastern Canada that it has put forth to be prime minister? After 152 years, maybe it is about time. If not, maybe it’s time for all Canadians, including those in Central Canada, to elect a party that is more all-inclusive.........................................
The federal government is racking up debt with large deficits in times of economic strength. What happens if the economy stumbles? Aren’t you supposed to balance the budget and pay down debt in good times and borrow in bad? The Trudeau Liberals promised before they were elected to balance the budget by now; Justin Trudeau even suggested “the budget will balance itself.” Apparently not. The Liberal mantra seems to be: In good times, greatly overspend. In bad times, overspend by more.
The Liberal plan is a short-term solution which does long-term damage. It doesn’t address the reason housing is expensive – lack of supply – and instead raises the prices for everyone. In doing so, it will tie up an increasing amount of capital in housing and reduce the velocity of money throughout the economy.I’m sure many Canadians would reply to Neil Bruce, CEO of SNC-Lavalin, as I would: I am sorry for what SNC-Lavalin is now going through. Now, in 2019. I am truly sorry.
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