What's up with a deficit, Steve. There is a way to avoid it.

So the PM and his mighty midget, the FinMin, are musing that "Canada's Formerly-greatest GovernmentTM (CFG) may have to drop us into deficit to "help out the world".  Flaherty suggests that we might be able to sell off the CN Tower in Toronto to help ourselves out.  Sell at at time when prices are low?  Sounds a bit like a Lehman executive doesn't it?

I have a suggestion for you Steve.  How about admitting that you made an error when you lowered the GST by 2%.  It had almost no impact of Canadians but it cost you $12 billion in revenues.  Reverse your blunder and raise the GST up by at least one or even the two percentage points and keep up solvent.

It not like you have never broken a promise before.  Remember the taxing of Income Trusts?

The problem with deficits is that they are charged interest and that interest multiplies with time.  So keep from going into more debt by simply saying that you made an error.  You might even find that Canadians will commiserate with you.