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Our (brain dead) PM defended the minister of finance's gigantic miscalculation on the deficit, by saying he would spend more if it was required. How can you possibly spend your way out of debt? Good grief, the man is supposed to be an economist - if an economist thinks we can spend ourselves out of debt, what chance do we have?

Just my deflated two cents worth.

Glenn




Glenn, just remember that it's the first deficit in 10 years or so, and that the deficit spending is supposed to be on infrastructure. At least ours is open. Just heard on the news that an American military camp, after finding out that the plastic plumbing they put in the ground was 'made in Canada', ripped it all out and replaced it with good old american plastic." Somewhere along the line, they forgot that 1.5 billion dollars a DAY in trade cross the border. Granted that the balance has always been skewed our way due to Natural Gas, Oil, minerals, electricity, and lumber, but they are loosing track of the economics.

And the current Canadian deficit, despite the number is the smallest in developed nations on a GDP to debt ratio. (Something like .5 to over 10 percent for UK, US, Japan etc..Just imagine what the so called coalition would have rung up in a deficit! They would be way more liberal...pun intended.

Maybe we should get Renee Couette outta the grave. When I lived in Quebec in the 60's he wanted to cancel foreign aid for 3 years. There was enough money there for every Canadian family to get 15,000 a year for free and we'd all buy stuff and make ourselves rich. Social Credit party man.

John Conley
Musica est vita