Quote:
Originally Posted by sonick
In my view, Cons have run our economy into a recession, the balanced budget was simply a ploy for the new election and was forced in the face of crashing oil prices and a weakening economy. If you look at the deficit in the years Harper took office, it's a totally different story.
In 2014 the Cons ran a nearly $17b deficit (and that is small compared to previous years), yet they are attacking Libs in ads for wanting to run $10b the next 3 years to try and dig Canada out of the recession?
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I think you need to brush up on macro econ.
The global market is what determines whether or not we are in a recession, not the federal Gov.
If anything, running a deficit should help us avoid a recession, which is exactly what the cons did when they started hemorrhaging money in 2007. If they hadn't have pissed oodles of money into the economy, life would have been a lot different over the last 8 years. (Not in a good way, more like a 10%+ unemployment way and an economic depression)
Domestically there is only so much influence we have on our economy, it's the rest of the world that calls the shots.