…the deficit-fighting measures in this budget are not aimed at fiscal prudence, but at preparing the political landscape. After all, a “structural deficit” is not a genuine economic animal. Instead, it’s a creature of politics, brought to life by our lack of political courage when it comes to tough decisions about what taxes to raise or what spending to cut, and by how much.
…the deficit-fighting measures in this budget are not aimed at fiscal prudence, but at preparing the political landscape. After all, a “structural deficit” is not a genuine economic animal. Instead, it’s a creature of politics, brought to life by our lack of political courage when it comes to tough decisions about what taxes to raise or what spending to cut, and by how much.
That’s from my insta-take on the budget, now availble online over at Candian Business online.