It is when you listen to the federal Finance Minister Joe Oliver that you realize what a breath of fresh air the late Finance Minister Jim Flaherty must have been in Mr. Harper’s Cabinet of Inadequate Ideologues. You can also imagine how he would have laughed at Joe Oliver’s suggestion that there be a law passed against deficit budgets. That would be like passing a law that says Canadians cannot have a mortgage or an auto loan.
The ability for a country to borrow is just one of the many strategies available to a finance minister to level out the peaks and valleys of a country’s capital needs. To even think that he can force future finance ministers to accede to his ideology makes Oliver out a fool. A law against deficits would be ignored.
What is particularly galling about the suggestion is that the Conservatives are coming off many years of deliberate deficits because of the 2008 mortgage collapse in the Unites States that put world finances into a tail spin. Canada came through that period relatively unscathed because the Harper government was forced to agree to deficits.
Maybe Mr. Oliver was not paying attention at the time.
What is also a bitter pill is the way the Conservatives have reached their “Nirvana” of a balanced budget at this time. To force through parliament an ill-considered security bill to show the government as strong against terrorism is a sham when there is no accompanying budget to pay for this supposedly enhanced protection.
A good example of this thinking is the non-delivery of new carbines and training with them for the R.C.M. Police. The delay now stretches over six years and Treasury Board has never released the money for these life-saving weapons. And our federal police will continue to be at risk because many gunmen are better armed.
Treasury Board President Tony Clement should take a bow at budget time. He has single-handedly hamstrung the Canadian government on hiring permanent help while wasting funds on casual help and consultants. The truth be known, the Harper Conservatives are the worst managers of Canadians’ money since John Diefenbaker waited for the AVRO Arrow to prove it could fly before cancelling the project and ending Canada’s leadership in fighter aircraft.
What Mr. Harper should have told his finance minister was that predicting a balanced budget this year was a mistake. It has taken a lot of flim-flammery and the loss of some tax savings for the rich. The really good news is that this coming budget will probably be Joe Oliver’s last.
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Copyright 2015 © Peter Lowry
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