- Ignatieff’s Stance on Taxes

Coment on TS, "Bracing honesty or a `gotcha' moment?",
Apr 20, 2009 04:30 AM
http://www.thestar.com/comment/article/620467


For Harper and the Con’s to attack Ignatieff on this is sheer partisan politics, dishonest and hurtful to the future of our country – just like his “steady as she goes” approach in the lest election.

Deficit means that we are spending more than we are taking in. We can only do that by borrowing the money. This borrowed money must be paid back – anyone who has figured a way around this, legally anyway, let me know. Either we pay it back sooner or we pay it back later – and if it is later, of course, we must pay much more. If we pay it sooner the money either comes from increased revenues based on current tax regime and government spending or we increase the taxes and/or cut out government spending. If we pay it back later then the “we” refers, actually, not to us personally but future generations i.e. our children. Harper and the Con’s by making the huge ideological tax cuts prior to admitting we were entering into a recession increases the likelihood that taxes, e.g. the hated GST, be increased again.

These are the realities and exactly what Ignatieff is talking about.

Lloyd MacIlquham