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CKA Super Elite
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PostPosted: Sun Aug 30, 2015 12:47 pm
 


Quote:
It’s difficult to decide which is more ridiculous.

Ontario Premier Kathleen Wynne’s ludicrous notion she can spend Ontario rich.

Or Federal Liberal Leader Justin Trudeau’s irresponsible decision to follow in her footsteps.

Trudeau last week tore a page from Wynne’s harebrained economic theory that running deficits in order to spend billions of dollars on public infrastructure is the way to economic prosperity.

In the real world, Ontario now has the largest debt of any non-national government on Earth, recently had its long-term credit rating downgraded and has become a “have not” province when it comes to federal transfer payments.

And yet Trudeau plans to do to Canada what Wynne has done to Ontario.

Indeed, Wynne may as well be Trudeau’s Ontario campaign manager, what with her never-ending political attacks on Harper that she started during her 2014 provincial election campaign.

Trudeau says he will spend $125 billion on infrastructure over 10 years while running what he describes as modest deficits of under $10 billion annually for the next three, before balancing the budget in the fiscal year 2018-2019.

Wynne, who plans to spend $130 billion over 10 years on infrastructure and hasn’t delivered a balanced budget yet, is promising to do so two years from now, in the 2017-2018 fiscal year.

As Prime Minister Stephen Harper rightly noted of Trudeau’s plan: “We’ve gone through this before — look at the mess in Ontario with the ‘modest’ deficits of the Liberal government.”

What is it in the Liberals’ DNA that causes them to believe governments can spend themselves rich?

Then again, Trudeau’s economic philosophy isn’t surprising given that he also believes budgets balance themselves and that you grow the economy “from the heart outwards”.

Finally, Trudeau and the Liberals can’t have it both ways.

In the wake of the 2008 global recession, the Liberals demanded, along with the NDP, that the then Harper minority government go on a spending spree to stimulate the economy.

Then, when the Conservatives did so, the opposition parties complained about high government deficits.

So what Trudeau is really arguing is that Conservative deficits are bad while Liberal ones are good, the height of political hypocrisy.

The Harper Conservatives have spent years getting us back to a balanced budget and now, just as they’ve achieved it, Trudeau wants to plunge us into more debt, using a failed economic strategy that demonstrably doesn’t work.

Amazingly, Paul Martin, a competent Liberal finance minister if not prime minister, who slashed federal funding to the provinces in the early 1990s in order to balance Ottawa’s books, appears to be endorsing Trudeau’s economic voodoo by appearing with him on the campaign trail.

But that’s the Liberals. If you don’t like their political principles, all you have to do is stick around for a few minutes, and they’ll have new ones.


http://www.torontosun.com/2015/08/29/tr ... o-disaster


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