While not exactly an “apples to apples” comparison, it might be fair to speculate that the impending situation in Britain is a precursor of what we might expect to experience across the country in the coming months and years as the Harper government grapples with the enormous debt hole it’s created out of necessity to stave off the most immediate effects of the economic recession.
Of course, it’s no secret that government spending under the Harper regime had been escalating significantly even before the economic shit finally hit the fan in 2009. Expenditures were up, the civil service was expanding, corporate taxes were rolled back, lavish new schemes to benefit friendly political interests were instituted and before you knew it, the so-called “Conservatives” had rapidly burned their way through the modest reserve of several billion dollars stockpiled by the previous Liberal government (much of that done ruthlessly on the backs of their provincial counterparts, it has to be said).
So now what? The “steady as she goes” budget that will be delivered in the next few days promises little, but the “re-calibration” that was justification for proroguing parliament may do more than hint at how Harper and his team plan to eventually reconcile the books.