- Harper Economics: If You Have It Get Rid of It and If You Don't Have It, Spend It.

Submitted: 7:39am, 30 May'10 CBC News
Federal deficit estimate falls
Shortfall now expected to be $47B, 28 May'10 CBC News
http://www.cbc.ca/canada/british-columbia/story/2010/05/28/deficit-projection-smaller.html?ref=rss&loomia_si=t0:a16:g2:r2:c0.122833:b34474854

"the deficit for the fiscal year which ended in March is now projected to come in at $47.0 billion, or 12.6 per cent less than the government's prediction of $53.8 billion in its March budget."

Wow, now it is become transparent why Stephen Harper and Jim Fleherty decided to spend a billion on the 'G8+20', they saved us 6 billion so they obviously deserve a reward.

And what better why to reward our top politicians than letting them invite the top leaders of 20 other countries here for the weekend for a bit of personal aggrandizement, partizan self-interest in order to buy the next election and be "players on the International scene for a days" (kinda reminds you of the old show "Queen for a Day")

Just think, if Harper and Flaherty hadn't reduced the GST by 2 points, the deficit would only be $35 billion. Hey, that's Mulroney territory.

"Ottawa said higher-than-expected corporate income tax payments as profits improved boosted revenue by $4.8 billion"

Hummm, a tax that contributes to the Federal Coffers and helps Canada's finances, I'm surprised Harper isn't getting rid of it. Oh, wait he is . . . Shrewd.

"spending by government departments was $1.7 billion less than planned"

What about this fiscal year. Or, is the G8+20 included in that 1.7 billion less spending.

Harper, here's a way to help put Canada's fiscal house in order and reduce the deficit another 2% (1 billion): Cancel the G8 & G20.

Better yet, resign. Let a Party run this country who know, understand fiscal prudence and have experience putting our financial house in order after Con's have run wild.

Lloyd MacILquham