Wednesday, October 8, 2008

Harper running deficit?

Mike Watkins thinks so:

Conservative leader Stephen Harper continues to claim that Canada is enjoying a surplus, yet his Minister of Finance Jim Flaherty this calendar year has racked up an operational deficit in six of the past seven reported months, totaling over $23 billion dollars, or $20.3 billion for this fiscal year to date. In either case these amounts are unprecedented during this decade.

So much for the Tories' superior financial management skills. It's been suggested that this may be the reason why they're delaying the release of this year's Canada Savings Bonds, because the interest rate that the bonds would have to pay would reflect things about the nation's finances that the Tories don't want public before next week's election is safely out of the way.

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