Sunday, November 22, 2015
Liberal Party claim of inheriting deficit from the Conservatives turns out to be a lie
Trudeau's Liberals lied to Canadians. Get used to hearing that line a lot over the next four years.
During the election campaign that ended last month, the Conservatives boasted about creating a budget surplus for the coming year.
Only a couple of weeks into office, the Liberals said that the Conservative surplus wasn't there and it was actually a deficit. Entering government in that state would necessitate them continuing with deficit spending, as Justin Trudeau has suggested during the campaign.
However upon a not very close look, it turns out that if the Liberals had continued spending at the projected rate, there would be a surplus. The newly projected deficit is only because the Liberals plan an enormous spending increase.