Posts Tagged ‘promises’

Budget, Budget, Budget… Coalition, Election, or More of the Same

Yes the leaks have been plentiful but Jim Flaherty will be delivering the budget today. I bet CPAC has never been some popular. It will be an interesting ride for sure.

Many commentators are sharp to note that even the previously promised Infrastructure spending has yet to flow (to Toronto and other cities). Will it this time? Downloading the burden on Municipalities (who would be forced to increase taxes) won’t cut it. Miller tried to tame the condo-flipping crowd with a tax increase and got stonewalled. There’s no where to “increase” taxes unless you simply CUT expenditures (i.e. give people less services for the same tax dollars paid). A shady tactic all too familiar by several levels of government. It’s happened far too many times and I’m hopeful that this time the lack of Federal investment in social and brick and mortar infrastructure has been addressed. Tax cuts and no investment (most all of our surplus serviced debt vs. a balanced approach) have swayed Canada to deficit even before a stimulus package.

Will the government fall on this latest list of spending promises? Will a Coalition take over or will an election get called? Judgement day is coming.

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