Friday, May 29, 2009

More on Deficits

The proper deficit figures, presumably from more current GDP information:

Canada: 3.3%
U.S.A.: 13.6%
Japan: 9.9%
Britain: 9.8%

The same editorial concludes:
It is time to stop these juvenile exchanges and move on to an adult conversation on what should be done after the recession to bring the budget back into balance. Ignatieff has said he would be open to the idea of raising taxes. Harper isn't. Would he undertake massive spending cuts or continue to run deficits? Canadians deserve an answer.
I couldn't agree more. Ignatieff made much of his intention to respond to personal attacks by attacking the CPC's record, which he has done. But the criticisms reported so far haven't contained much substance at all. Perhaps his demand for Jim Flaherty to be fired just made a better story than anything else he might have said, but until I see those other things, I'll remain unimpressed.

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