In other news from the Land of Duh! — the sky is blue and the sun is still hot. I really cannot fathom what all the excitement is about this “bootleg” video of Harper speaking to a closed meeting of the party faithful in the Soo last week. Of course Harper wants a majority… just as I’m sure Michael Ignatieff would like one if he had his druthers.
Not of course that either man should wish too ardently for such a baleful thing, given the present economic circumstances. Consider the news today (another non-startling revelation of the completely obvious) that “Ottawa’s finances are in much worse shape than previously forecast and the Conservatives no longer have any idea when they can balance the books.”
The plain fact of the matter is that whoever wins the forthcoming election (should it happen) will be presiding over the largest deficit in Canadian history, while facing sluggish growth and mounting unemployment for a period of uncertain duration.
Flaherty said the government’s revenue shortfall will total $55.9 billion this year – revising a previous forecast of $50 billion – and $45.3 billion next year.
Yesterday’s update also scrapped an earlier prediction that Ottawa would stop running up debt by 2013-14.
The government will still be saddled with a deficit that year and in 2014-15 – part of revenue shortfalls totalling more than $164 billion over the next five years.
A government official briefing reporters in Ottawa said it’s impossible to predict when the federal accounts can be balanced. It may take five to 10 years to put an end to budget deficits, the official said.
Perhaps those opposed to Harper should almost hope that he’s cursed with a majority victory. At least then the Conservatives will have nobody to blame but themselves for the consequences of their actions. Wouldn’t that be a refreshing change?