Just a week after having been elected and the Conservatives are already indicating they intend to break this key promise made to potential voters in their campaign platform:
“Through accelerated reductions in government spending, a re-elected Stephen Harper government will eliminate the deficit by 2014-15.”
Of course, the notion that an additional $4 billion a year in savings could be realized via undefined “efficiencies” in government operations was patently ridiculous on its face. Now safely ensconced in a majority government however, Finance Minister Jim Flaherty won’t commit to balancing the books and suddenly declares that he has to “look at all of the data” and consult with economists to draft a clear plan to deliver the extra savings promised in the CPC platform…
Fair enough. But where then did the forecast of a relatively modest $300-million deficit in 2014-15 forecast contained in Flaherty’s upbeat, pre-election budget come from? Oh, right… where all of the Conservative’s economic thinking and financial prognostications originate: from here.