So, the RESP is “an irresponsible tax cut for the wealthy” is it? That’s a good one! But it gets even better. According to Flaherty:
“It runs the risk of putting the balanced budget of our government into a Liberal deficit.”
Excuse me? Um, didn’t the Liberal government pass onto this “conservative” administration the largest surplus… ever? And that was after many years of belt-tightening and downloading of federal expenses needed in order to wipe out a massive “Conservative deficit” left by their spendthrift predecessors. And isn’t the reason the Conservatives’ “balanced budget” is so perilously close to deficit in no small part because of pointless cuts to the GST that every single economist in this country said were highly irresponsible and inadvisable?
Update: I dare you not to laugh. Yeah, right. Dr. Blimp thinks it’s simply unconscionable to hinder “HM government” from managing the budget. Hey, how’s that whole budget thing going there, by the way? Teetering on the brink of deficit it seems, at least according to HM Finance Minister. Thanks for giving everyone a gigantic heads up regarding the parlous state of the federal government’s books, Jim!
Tuesday, March 11, 2008
Posted by Red Tory at 7:50 AM