The Charlottetown cabinet retreat was surreal – you would think a new slate of ministers would have a new sense of urgency regarding fiscal and economic policy
Watching the cabinet retreat in Charlottetown unfolding in the past few days has been a bit surreal on that front. You would think a newly revamped cabinet would signal the urgency of changing course on fiscal and economic policy.
Every time the Finance Minister now mentions fiscal restraint, the government is rushing to telegraph new spending is on the way, the latest case being housing and pharmacare. When the Prime Minister and the Finance Minister state they’ll have Canadians’ backs by spending more, what they are saying effectively is that they are willing to handicap middle-class progress in the future because of the choices they are making today.
By moving money around in some kind of shell game and not acting responsibly, what the current government is doing is exactly the opposite of what Mr. Chrétien and Mr. Martin did. Ms. Freeland rightly pointed out that Mr. Chrétien and Mr. Martin did “very hard work” to secure Canada’s current triple A credit rating. But she seems oblivious to the fact that the fiscal course she is pursuing is putting that very credit rating at risk.
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