Sunday, February 27, 2011

It's Time To Cut Spending

There are no more excuses for runaway spending. Moreover - with the election campaign to take place next fall at the latest, the Conservatives better get the books in order:
Budget cuts are unavoidable -now or in the future -because the current Tory budget plan is a mirage. The federal budget will return to balance within the next five years under the Conservatives only if the Harper government manages to hold its spending increases to 1.8 per cent annually and find revenue increases of 5.6 per cent a year.

Almost no one in the real world expects that to happen. Prior to the start of the recession in the fall of 2008, the supposedly fiscally responsible Tories were increasing federal spending by an average of 5.5 per cent a year.

In the years since the Tories replaced the Liberals in February 2006, program spending has risen 40 per cent.
It's time the government stops making the same budget mistakes the government of Brian Mulroney made in the late 1980s and early 1990s. After all - they know how the latter ended up.

1 comment:

Trestin said...

I don't think there is a western government that is not being burred in debt.