Bruce_the_vii
Forum Super Elite
Posts: 2962
Posted: Thu Jul 01, 2010 12:05 am
Another gem about politics that I learned along the way is that politicians "spend". Basically that is what the elected officials are about. I saw this economist talking about the deficit in the USA some years back and he emotes "the deficit is good - it keeps them from spending". That's the key. Sure there are elected officials that advocate fiscal discipline but that's on Tuesday, by Thursday they are spending. The current example is Flaherty. He wants to be known as the tax cut Finance Minister. Opps, now he wants to tinker with pensions, the CPP. The population is aging, costs are going up but Flaherty wants to spend a little before it happens. It's an urge. Flaherty is a spender, like all the others.