Summary
Imagine if the government can post a $600 million deficit when it's actually trying to "manage spending during these difficult economic times," how completely off the rails we would be if they had remained in 'let the good times roll' mode.
It's also worth noting they continue their use of legislative loopholes to convince us that things aren't that bad. This time, they are excluding $90 million in expenditures related to the H1N1 flu when determining compliance with balanced budget legislation. It's not enough that they gutted the legislation to begin with, eliminating the need for annual balancing and replacing it with a four-year rolling average, but they have to pick at the carcass to see what else they can shake out in order to portray themselves as fiscal conservatives.See the full content of this document
Extract
Ndp Claim About Cutting Deficit Is Bogus
With the release of the third-quarter financial report, Manitoba finds itself facing a $600-million deficit. Believe it or not, it could have been worse. ...
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