Thursday 12 May 2011

Conservative Campaign Lies Begin To Unravel

A sign of things to come
http://www.theglobeandmail.com/news/politics/tories-back-off-campaign-pledge-to-show-a-surplus-by-2014-15/article2018983/

The Conservatives campaigned on a pledge to show a surplus by 2014-2015. I don't believe they ever meant to keep this promise and here we are, less than 2 weeks since the election, and the Conservatives are already saying that won't be able to keep that promise. The way they plan to waste money on unnecessary things (jets with no engines, mega-jails, more corporate tax cuts), they will have to make severe cuts to transfer payments to the provinces and social support programs in order to balance the budget.

Back in March, the Globe and Mail was saying that they would have to make drastic cuts to balance the budget:
http://www.theglobeandmail.com/report-on-business/economy/economy-lab/the-economists/budgets-hidden-math-adds-up-to-big-cuts-down-the-road/article1954533/
"Given Mr. Harper’s costly commitment to increasing Canada’s military might, putting more people behind bars for longer, and cutting taxes further, there are dramatic spending cuts on the horizon for many federal programs, particularly social programs – it’s the only way he’ll be able to pay for his priorities."

I predict the Conservatives will not only not keep their promise to balance the budget, but, while massively cutting programs, they will continue to increase the deficit and our debt with their gross mis-managment of government finanances.

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