Ontario Premier Dalton McGuinty sent a strong signal his province will be slipping into deficit as he joined fellow premiers today for an emergency meeting on the economy.
Mr. McGuinty ruled out raising taxes and said he would be very careful before cutting spending programs on services. He suggested running a deficit is no longer a lethal toxin to Canadian politicians.
Typical Liberal. Can't make the hard decision to cut spending, he would rather spend future generations money to save him the pain of making a real decision.
Dalton McGuinty raised spending as soon as he entered office, he kept raising spending while claiming the deficit was higher then expected. Dalton McGuinty didn't balance the books until just before an election.
But, Dalton found lots of money for his friends.
One could easily argue that deficits are never good, but, I will say that deficits to keep infrastructure, education, and health are not too bad. Deficits because you don't want to cut pork and maybe lose a few votes are bad.
Premier McGuinty, grow some.
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