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2010 budget was toughest yet: PM

Stephen Harper says Ottawa will balance its books “in the medium term”


 

Of all the budgets Stephen Harper has overseen since becoming prime minister, he says this year’s was the toughest. “The bottom line is this,” Harper said of his fiscal plan, “we keep delivering the stimulus programs this year . . . and we plan to return to balance in the medium term.” The Conservatives have already revealed Thursday’s budget won’t contain much in the way of spending changes, but Parliamentary Budget Officer Kevin Page has suggested they will have to raise taxes eventually if they want to eliminate the deficit. So far, the Tories have ruled out tax hikes entirely and the Liberal haven’t said what they’d do differently.

CTV News


 
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2010 budget was toughest yet: PM

  1. sure doesn't hurt to have been very pessimistic on projections as well (see GDP considerably higher than projected) no doubt next year when Harper delivers his next budget that our deficit will be smaller by a few billion than projected too!

  2. "The bottom line is this,” Harper said of his fiscal plan, “we keep delivering the stimulus programs this year . . . and we plan to return to balance in the medium term.” The Conservatives have already revealed Thursday's budget won't contain much in the way of spending changes…"

    Er… remind us again…why was Parliament locked up?

  3. they may not raise taxes directly but looks like they are indiretly, like raising the airport fee and ei premiums ..what's next, cpp? ..they should try to freeze public service spendings because that amounts to a cut if you consider inflation

  4. "medium term" = "after I get my majority"

    • "medium term" = "after I'm out so don't have to take the heat for doing it"

  5. (1) The economy is apparently emerging from the downturn. That eliminates all the political pressure that was earlier applied to force "stimulus" spending, much of which has not been spent.

    (2) The current fiscal environment is tight. There is no largesse available.

    To me these imply that we should cut spending. Cut the "stimulus" that hasn't been spent. Cut other spending to bring us into line with a tight fiscal scenario. Bring the deficit down now before you have to raise taxes to do it later.

    And yet the Conservatives are going to mess this up and keep spending where it is. Terrific.

  6. Harper has given millions to, large corporations, such as, Banks, oil and gas company's and, has hung the low income citizens up to dry. Harper, is also paying Gordon Campbell, to force the HST, on the very citizens that, are destitute in BC. Campbell has also given millions to big business. Hydro in BC, is to go up to 33% higher. Food costs, have already risen 27%. BC's new carbon tax, is going up 4.45. Trucking, will raise their freight rates, now food will be even higher. Everything that is trucked in will go up in cost. Next is, the 7% HST, that will be added to the above taxes, and can be added, to pretty much everything else. Campbell has taken away the $75 housing allowance, to aid the people on Social Assistance. The massive lay offs in BC, are getting to the point, where there are not enough little guys working to support the large corporations, and Campbell's colossal, foolish blundering. So, between Campbell and Harper, homeless people will more than double in BC. Campbell and Hansen, have placed BC, as the second poorest province in Canada. Harper, Iggy, Campbell and Hansen, each and everyone of them lied to their citizens about the HST. They are Canada's four horsemen.

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