RE:RE:RE:RE:RE:RE:RE:RE:RE:Major newsThat's an interesting chart,
Shows how deficits are more acceptable in todays world.
Mulroney in the late 1990's was a jerk but in retrospect we now know he was fighting the C$ collapse and attack by the US big banks on our bonds as well as dollar.
1990's is when US big banks were doing their thing with extreme leverage and manipulation that brought about near collapse and the billions in US bank bailouts.
Canadian economy was in collapse and Mulroney's solution was the GST tax.
as I recall
Chris_toronto wrote: ltrabs wrote: ...
2018 - 2019 Projected for those who believe what the liberals spin .... $18.1 billion
A deficit for sure, in spite of the billions in green based, new hidden taxes we have to pay.
Deficits are not necessary,
We have had many years where there was no deficit. We the people are too stupid to see that deficits are not good government. Chris_toronto wrote: What are you talking about? The deficit is only $20 billion/yr and it was $45 billion/yr 30 years ago under Conservative govt leader Brian Mulroney in 1999 dollars (so that's closer to $70 billion in today's dollars.
vonDraetz wrote: The most incredible part is that JT had made it clear during the campaign that he intended to deficit-finance Canada's way to the land of milk and honey bla bla bla bla...