We’ve known for a while now that the Liberals were going to shoot past their promise of holding deficits down to $10B per year for three years. Just three wafer thin deficits they said, but we knew better.
Now it’s looking even bigger and Finance Minister Bill Morneau confirms they have no intention of meeting their election promise.
Morneau answered with political speak of course which requires a translator but essentially he means “we’re not going to be able to balance the budget”.
Regardless of what they say, this is a government that inherited a surplus and had they done nothing at all, they would have had a small deficit.
Instead, we’re going to have a massive deficit and it’s only going to get bigger.
And it’s going to get bigger so Justin Trudeau and the Liberals can repay all who helped get them elected.
Those people are going to be feeding at the trough for a long time and the rest of us are going to be paying for it.