Monday, July 13, 2009

Harper stays the course

Last fall Harper stated that the economy was strong and that Canada will never have a deficit. A few weeks later he admitted that maybe things weren't so rosy. A few after that, he admits that we might have smaller than expected surpluses and that dips in the TSE were "buying" opportunities.

By January he predicted a slight deficit of to cover his stimulus package. Then the estimate grew to $34 billion and then to over $50 billion.

He then tells us that the budget will be balanced in five years and that the debt will rise by only $100 billion.

In the meantime, the Parliamentary Budget Officer, M. Page, who Harper hates with a passion, predicted that the deficits will continue after Harper's target date and the debt will rise by $156 billion.

"Dumb", says Harper. Almost all economists must be dumb also, cause they agree with Page.

It reminds of the old military story that a mother was watching her son on the parade square and she remarked, with pride, "My son is the only one in step". Harper must be the only one in step.

Next comes that declaration that Harper will not raise taxes or cut programs to balance the budget. Then just yesterday he clarified it all by stating that he will not cut taxes or slash programs to meet an arbitrary deadline for balancing the budget.

So let's get this straight -- Harper tells us that the PBO is dumb to suggest that the deficits will last longer than he declares and that he will not raise taxes or cut programs. Then he tells us that he will not raise taxes or cut programs just to meet the dates that he has already stated?

Stay tune -- the next logical thing for Harper to say is he may have to raise taxes or cut programs to get the country's budget balanced. But you can be sure that he will find someway to blame it on the Liberals.

Who is the dumb one now, Pinocchio?

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