The Liberals with their weak as a kitten leader have not much to show for the first week of campaigning. A late plane, and little movement in the polls despite the vaunted war room's best attempts at given the Liberals an advantage.
A common lie or should I say falsehood circulating the blogosphere is the notion that Canada is in a deficit position.
A common rallying cry is "conservatives=deficit".
Some bloggers even manage to insert the "evil hidden agenda" nonsense into this as well.
Well the only real way to counter this is to shine the light of truth on where ever this lies are being fabricated. When ever and how ever they occur.
Repeat after me:
We are not in deficit. We are not in deficit. We are not in deficit. We are not in deficit. We are not in deficit. We are not in deficit.
Ok, so you want proof?
The Conference Board analysis comes after the Department of Finance reported Friday a $1.2 billion surplus for the April-June quarter, down from $5.6 billion last year. And although revenues fell $1.1 billion due to a lower take from corporate taxes and the GST, personal income tax receipts are more than holding their own.
See, a Q1 surplus.
And the Conference Board of Canada says:
The private sector think-tank says higher-than-projected inflation, along with other factors, have boosted government revenues and almost completely countered the impact of slower growth and tax cuts that went into effect in January.
And other economists have also confirmed it:
Several other economists, including Dale Orr of Global Insight Canada, have also recently dismissed fears that Canada's slumping economy - which many now believe could grow at half the rate of the budget's 1.7 per cent working assumption - will result in the first federal budgetary deficit in more than a decade.
People also like to equate the current Conservatives with Mike Harris and the deficit that he supposedly left.
Mike Harris retired April 15, 2002, when he retired there was a budget surplus:
In 1999-2000 Ontario recorded a $668 million surplus, balancing the budget one full year ahead of the schedule laid out in the government's Balanced Budget Plan. With a $3,325 million surplus in 2000-01 and an interim surplus of $58 million for 2001-02, Ontario has now achieved three consecutive budget surpluses for the first time in nearly 100 years.
When Ernie Eves succeeded Mike Harris as the Premier of Ontario, Jim Flaherty was not reinstated as the Minister of Finance. That means that Jim Flaherty left the province of Ontario with a budget in surplus.
In summary, the facts proven in this post are:
- Canada is not running a budget deficit
- Economists are predicting larger then forecast surpluses
- Mike Harris did not leave the province of Ontario in a deficit
- Jim Flaherty did not leave the province of Ontario in a deficit
We're better off with Harper.