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Thursday, September 13, 2012

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nomdeblog

“The Martin-Chretien years were an aberration created by a massive fiscal crisis and partially solved by declining real interest rates and downloading”

Thank you very much RA. Might I also add solved by:
- GST revenues on
- An expanding economy under NAFTA spurred on by
- An explosive dot.com era that created incredible capital gains and employment
- A riot act read to them by Bond rating agencies, Wall St and the IMF

These were the same guys who with their Globe and Mail sycophant pundits were calling Preston Manning “Un-Canadian” for wanting to balance the budget. Their trick was to say if you are going to cut spending what will you cut? Health Care?....Un-Canadian they roared! Then once in power they downloaded Health Care and then successfully blamed Mike Harris who actually increased Health Care spending to offset the Feds’ cuts.

We shall never forget, nor should we let others forget that Liberals were never “penny pinchers”.

Rest assured that if Bob Rae had an opportunity to increase Liberal seats he’d be doing it.

Cytotoxic

"The Martin-Chretien years were an aberration created by a massive fiscal crisis and partially solved by declining real interest rates and downloading"

As well as massive cuts to the federal civil service and program spending. Even the CBC got hit. Sadly, we will never see fiscal discipline like that under Harper.

"GST revenues"

Nope. Revenue did not increase much as a %GDP through the '90s. The tax it replaced collected the same. It was all decreased expenditure.

Cytotoxic

Oh I forgot to add I think you are too quick to lump the Liberals in with the Dippers. The Liberals are thankfully ultra vain and they will do anything to win, include turn rightward even if they don't believe in it. There is a niche for a fiscally conservative diet libertarian party in Canada.

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