Mike's Daily Comment
Six months since the last fiscal update. Three months since the government stopped sending the bi-weekly financials to the Parliamentary Budget Office. The feds finally give their deficit forecast.
As the Parliamentary Budget Officer explains – they are no takers. And that’s suggest a much bigger problem.
Can we really afford the massive debt our governments are running up? what are the consequences? In a rare interview, The Parliamentary Budget Officer, Yves Giroux gives us some no BS, no political spin answers. Plus a head scratching goofy.
With the absurd assumption that all are equally effective – and the cost doesn’t matter.
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Do You Think The $382 Billion Budget Will Balance Itself?
Posted by Michael Campbell
on Wednesday, 2 December 2020 7:36
If not, then the choice we’ll be given is between increasing revenues through higher taxes or increased revenues through economic growth.