Quote:
Originally Posted by EdwardTH
It was only the last couple of years that the NDP really went nuts with spending as they desperately tried to stay in power. Up until then our debt-to-GDP ratio and our economic growth was better than Ontario, QC and all of eastern Canada. So it was not entirely just propped up by deficits. Admittedly eastern Canada was sluggish at the time.
Deregulation as a was to stimulate economic growth only works in far-right theoretical dreamland. A better strategy would be strategic investment in high ROI areas like infrastructure & education.
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Only the last year the NDP was in power was spending for re-election. Sure, they went into deficit in 2008 for the first time in several years, but every other province was in deficit at that point as well, then until their final year in gov't the deficit shrunk each year. So it was a trend to return to balance/surplus for the most part.
This whole fairytale of years of financial mismanagement or increasing deficits is just that. A fairytale.