Budget talk: how much does the federal deficit matter?

In conversation with Brock Carlton and David Macdonald

<p>Men chat as they walk up Parliament Hill to the centre block in Ottawa, Thursday January 17, 2013. THE CANADIAN PRESS/Sean Kilpatrick</p>

Men chat as they walk up Parliament Hill to the centre block in Ottawa, Thursday January 17, 2013. THE CANADIAN PRESS/Sean Kilpatrick

John Geddes sat down with the CEO of the Federation of Canadian Municipalities to find out why he thinks this budget is a watershed moment for infrastructure

And here, he asks David Macdonald, senior economist for the Canadian Centre for Policy Alternatives, if the federal deficit matters a lot, or a little.