Canada in deficit... NOW

That's rich Stephen. Pun not intended. During the Rae era and just about every other time, the right have said no to deficits, pounded on the podium and stirred up the resentment to any government that did so. Usually to retain social infrastructure and jobs.  Meanwhile once they start running deificits from giving out corporate tax cuts(hidden with cut to upper middle class) to corporate welfare in the from of needless militray adventure it is OK.

Sure good to know you are educating the youth. Goose meet gander. I guess it is too much to ask that tax money actually goes to something concrete that will help people in society instead of a tax cut for the already wealthy or something as destructive as arms that are ONLY meant to kill people. No wealth generation their...though that does inflate GDP numbers don't it. Nothing is better for the economy than a disaster. AT least thats what the GDP says in any case.

Stephen Gordon wrote:

So what if the federal government is running a defict? We're in a recession. That's what happens.

 I expect far better from your posts.   Imagine the size of the deficit if the CPC hadn't offered huge, monsterous massive tax cuts, over 50 Billion $ to companies that are packing up and leaving and using the xtra capital for there new investments in Mexico or China, while tossing out 100s of thousands of employees and closing down viable operations.

Give money away and provide tax cuts all you want.  Fact is, with the technology that has been bled out of this country in the past 4 years and the massive free for all in mergers and aquisitions, there is no doubt that Canada has been exploited to the fullest, while receiving SFA in return. 

The effort to create a jobless recovery and maintain the viability of Global Corporations on the backs on the Canadian Taxpayer is a disaster in the making. 

The CPC can build all the hockey rinks in Canada under the guise of stimulus spending and populist approval, but at the end of the day, the jig will be up.

We will have nice arenas, few jobs, and low pay and that is why the CPC is pressing hard to suck the remaining blood out of the taxpayers by shoving the HST down the other provinces throat.

Obviously, the CPC/LPC robbery of EI is no longer on the table.

Running a deficit is not a sure fire cure for the economic reposition of this country as nothing more then a giant warehouse of cheap consumer goods.

 

Don't think for a minute the provinces aren't also happy about their new winfall on all kinds of new products to tax. Plus they can share the blame or shift it to the feds. After our strike the jerk council members are now looking at privatizing, not just garbage but all non management jobs at city hall. I can't wait till eddie five fingers francis tries running for the cons against masse or comartin. I will be out in force to make sure this jerk has no job after E-day. He already made a bundle on the land he speculated on with his brother for the location of the new bridge...strange he happen to buy this land just 2 years before anyone knew exactly where the bridge was going to be and the cons overpaid for the expropriation cost to the city(i need to double check these facts however, but he does own the land parcel of the new bridge customs area, which he bought in the not to distant past..).