The high cost of eliminating the deficit

Canada’s federal government ran a deficit for nearly thirty years – from the late 1960s to the late 1990s. Successive Conservative and Liberal governments delivered programs, implemented economic and fiscal policies, and ran the country, without balancing the budget. The sky did not fall. The fabric of Canadian society did…
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The imaginary deficit

The last elections have ushered in a fresh input of creativity and imagination in Quebec’s political life. Not content with exaggerating the budget deficit by cooking the books, Couillard’s government invented a so-called “structural deficit” between the state’s expenditures and revenues. The logic is quite simple: spending growth is greater…
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