The Tory financial disaster has escalated and continued. For a refresher, check out this chart of doom, as done by a Liberal activist in December, documenting the fall, and fall of the TSX in regards to statements made by the Federal Conservatives in regards to the economy.
Just when you thought things could get worse, the Parliamentary Budget Officer has come out with a report today stating that the deficit should be somewhere in the area of $13 billion. This is an insane amount of money and really shows that you cannot spend money like an NDP socialist, and cut taxes like a Republican. This has created a budget crisis without any economic stimulus package for the economy to get started. Why did this happen do you ask? I have some theories.
1) Tories are more concerned with the green shift than the economy. Yes, they focused all their energy on attacking the Liberals last election than on fiscal restraint
2) Tories play Canadians for patsies and use GST cuts to give working class Canadians the impression, they are saving money, when the real beneficiary, is the rich guy buying a new yacht for 800 grand.
3) The Tories economic policy is based upon a dart board and throwing darts at it blindfolded with each square, some type of pork barreling project or tax cut that creates no real impact on the economy.
4) The Conservatives have hired the recently unemployed Trailer Park boys as economics advisors.
The Tories have fallen asleep at the wheel, and the economy is now a runaway truck down a huge hill in terms of budget deficits. This Government has acted inprudently and acted and spent like a spoilt teenager with their parent's credit card. The media has given Harper and his cronies a free ride as they have mismanaged the tax payers money, and have mortgaged the country so they can spend more money and try to hold onto power.
This money could have been used to fund day care for Canadians, improve infrastructure, or even as stimulus, but instead the mismanagement has created a Mulroneyesque budget deficit. This is history repeating itself. Canadians have to ask themselves, can we trust these people with our money. I don't think so, but judge it for yourself.