Former NDP Leader Tom Mulcair - Justin Trudeau Has Created $10,000 Of New Debt For Every Man, Woman & Child in Canada

The more sophisticated liberals understand that the deficit doesn't matter, as Dick Cheney famously said. I think Mulcair actually believes that it does matter. I thought he was smarter than that, but I was wrong.

As a socialist I am all for balanced budgets however I've always thought right wingers don't understand there are two sides to a ledger and increasing revenues balances budgets just as easily as cutting services. However that is over a long term cycle and in emergencies you spend what is necesary immediately. Are saving the lives of our collective Grandmas worth $10,000 per person?

Here is my beef and I have said this before twice.

In Saskatchewan, right wing parties talk the mantra of fiscal responsibility. They say to not vote social democratic because they will spend money out of control. Well here is the Saskatchewan reality.

The CCF inherited a $16,000,000.00 debt above all other debts from the Liberal government. Tommy Douglas ran 17 consecutive surplus budgets and pulled the province out of debt to the point where he could introduce government funded healthcare.

The Liberals took over the CCF budget surplus and ran the province into a $40,000,000.00 debt.

Allan Blakeney inherited that $40,000,000.00 debt and left the province with a 2 billion dollar heritage fund.

Grqnt Devine and the Progressive Conservstive government ran up a 15 billion dollar debt and gave Saskatchewan the worst international bond rating score.

the NDP took over in 1991 and when they went down to defeat in 2007, they had our total debt cut in half to roughly 8 billion dollars and a AA international bond credit rating.

the Saskatchewan Party has slashed away at our public services, they have slowly and methodically eroded our crown corporations and our debt has more than doubled to well over 20 billion dollars.

Our national debt is over 750 billion dollars and the NDP did not do it. The Conservatives have complained about Liberal national spending but the national debt has always grown with Brian Mulroney and Stephen Harper.

Nobody talks about right wing governments and their fiscal irresponsibility. They also have very little to show in terms of social humanity for all their deficit financing.

Social democratic governments in Saskatchewan built social institutions and social programs through their meticulously careful fiscal planning. They maintained our crown corporations and for the most part our social programs. The Saskatchewan Party has very little to show for all their deficit financing and our social programs have suffered as well.

It takes many years to properly turn around a province or country. It does take proper fiscal management to make those changes. The NDP in Saskatchewan has had about 50 years of working experience to show how it is to be done.

My dad told me when Grant Devine was finally voted out in a resounding defeat that it would take 40 years of consistent NDP administration to navigate the province out of this mess. They cut the debt down by almost a half in sixteen years and my dad was correct on that.

Liberal and Conservstive governments do run deficits. The problem is that we don't have the social infrastructure properly maintained in order to justify their massive debts. And to me, that is the ultimate in irresponsibility. They are not wise with their money despite all the rhetoric to the contrary.

Norway was able to secure royalties for their offshore drilling. They invested all that money and did not draw on it for 25 years. Today, they have a trillion dollar heritage fund and they can now withdraw up to 40 billion dollars annually from that fund in order to pay for social programs. They have about 5 million people.

Canada is the second largest nation in the world geographically. We are the most resource rich nation in the world. Alberta alone has more oil than Norway and Alberta has benefitted from oil extraction since the 1950s compared to Norway's 1989 entry into the market. Canada has nothing to show for all the revenue extraction that has taken place for the last 150 years. No one can tell me that our Liberal and Conservstive politicians are savvy business people.

So the Liberals and Cojservatives both run deficits and rack up debt but claim to be fiscally responsible.  They scare people against supporting social democrats claiming fiscal irresponsibility. However, I have shown two cases where social democrats are fiscally better than the right wing governments and I have shown how they can build up a social fabric while maintaining sound financial management skills. deficit financing should work towards a higher goal yet Liberals and Conservatives both lack any meaningful goals or vision for the future.

And Tom Mulcair is an old school Conservative not a Liberal. That reefer madness stuff was a hugh flag along with wearing a suit for the icecube challenge. His environmentalism began and ended on the slopes of Mont Tremblant.

Actually he ought to know better as he has frequently renewed his mortgage.

He should just go and join the Fraser Institute already.