Once you cross that line - Macleans.ca

Once you cross that line


Stephen Harper, Oct. 7, 2008. “I know economists will say that we can run a small deficit, but the problem is once you cross that line, as we see in the United States, nothing stops deficits from getting larger and larger and spiralling out of control, and we want to avoid the kind of government, household and trade deficits we see in the United States.”

Jim Flaherty, Jan. 27, 2009. “There will be no long-running or permanent deficit … As the economy recovers, we fully expect to emerge from deficit and return to surplus within five years.”

Stephen Harper, July 10, 2009. “We will allow the deficit to persist if necessary. We will not, in order to meet some timetable, start raising taxes and cutting programs. That’s a very dumb policy … If the recession turns out to be longer than that, for example, or the recovery turns out to be shallower, then that will change the pattern of the recovery from the current deficit.”