Neil Reynolds has the absolute best column on the McTeague RESP idiocy. Here’s the crucial bit:
The Crown (which effectively means the cabinet) has held exclusive responsibility for the financial management of the State since Dec. 11, 1706, when – during the reign of Queen Anne, the last of the Stuarts – the British House of Commons passed this motion: “This House will receive no petition for any sum of money relating to public services but what is recommended by [Her Majesty].” This is the principle that formally separates the executive branch of government from the legislative branch. This is the principle that prevents the Legislature from looting the Treasury.
Honestly, what is up with the Liberals? The ship of fools sails on.