Government defends $50 billion deficit
May 26 to 28, 2009 - Finance Minister Jim Flaherty says Canada’s 2009/10 budget deficit will grow to over $50 billion, about 50% higher than the $34 billion deficit projected in January.
Liberals demanded Flaherty’s resignation for ‘gross incompetence’.
The government defended its deficit, saying it is necessary during a recession and affordable given Canada’s favourable fiscal position relative to other leading economies.
Links:
- The Economist: How indebted rich countries will be in 2014
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Im not to impressed about buying cars we don’t get to drive. But if we could get the 100 billion back that the liberals stole we would have an asset.
Billy982810
July 23, 2009 at 8:05 pm
Thanks for posting these videos. It would be nice if you could upload recent stuff from CPAC, instead of stuff from months ago though.
agentm83
July 23, 2009 at 5:49 pm