It was a key Liberal promise … “We will run modest short term deficits,” Justin Trudeau PROMISED, “of less than $10 billion in each of the next two fiscal years … [and] … After the next two fiscal years, the deficit will decline and our investment plan will return Canada to a balanced budget in 2019.“
Either that or he is just incredibly stupid … I, personally, am inclined towards the latter explanation. There is a reason, I think, why previous Liberal leaders like Professor Michael Ignatieff never gave him a critic’s role “higher” in standing or more complex than secondary education and youth and amateur sport: they knew he is not all that bright.
But Finance Minister Bill Morneau is a very bright fellow and I think he is honest, too, and, so, I guess, he must be doing a fool’s bidding. But the officials in Bill Morneau’s department are neither fools nor liars and, according to an article in the Ottawa Sun, they have, quietly, on the Friday before Christmas, released a shocking report.
As the Sun article says:
- “The report warns that lower than expected growth combined with higher program spending “would be sufficient to put at risk the fiscal sustainability of the federal government”;
- The forecast also assumes that the budget won’t be balanced until 2055. Projections show it peaking at $38.8 billion in 2035;
- Another key fiscal promise of the prime minister’s campaign was to bring down the debt-to-GDP ratio to 27% by 2019. Yet the finance report also places this accomplishment out of reach;
- It instead projects the debt ratio consistently hovering around 31% for the next few years, then dropping to 30.4% by 2021;
- Federal debt is also assumed to cross the $1 trillion mark around 2031. It is currently $635 billion; and
- Another key fiscal promise of the prime minister’s campaign was to bring down the debt-to-GDP ratio to 27% by 2019. Yet the finance report also places this accomplishment out of reach; but
- It instead projects the debt ratio consistently hovering around 31% for the next few years, then dropping to 30.4% by 2021 … [and] … Federal debt is also assumed to cross the $1 trillion mark around 2031. It is currently $635 billion.“
So what we have is a report from experts, the government’s own experts that says that pretty much everything Justin Trudeau promised in 2015 was crap. I reiterate, I think he made these promises in good faith, because Gerald Butts and Katie Telford, who are also not fools, told him to say it … he made those promises because he is a fool and little more, intellectually, than Kathleen Wynne’s sock puppet.
But the real fools, and liars, are many, many of the 6.9 million Canadians who voted Liberal in 2015. Many of them knew that Justin Trudeau was “just not ready,” but they were tired of Prime Minister Stephen Harper and prudent, honest, boring government so they voted for Trudeau even though they knew, in their hearts and minds, that he was unqualified. And many of those just lied to themselves and said, “oh, well, it will be OK, he’ll have some smart people around him, and, anyway, if he screws up we can always vote Conservative, again, and they’ll tidy up the mess, but in the interim we’ll enjoy some free stuff and sunny ways.” I’m sorry to say this, Liberal voters, but a lot of you, millions of you, are naive, downright stupid in many cases, and self deluding twits.
So, what now?
First: the Conservatives (and the NDP) need to shout this from the rooftops: Justin Trudeau is a fool who, at the behest of Gerald Butts and Kathleen Wynne, is seriously weakening Canada, just when we need to be strong.
Second: Bill Morneau, Scott Brison, Dominic Leblanc, Marc Garneau, Ralph Goodale and other smart, honest people in the Trudeau cabinet need to gather up what integrity they have left and resign and then stage a caucus revolt to unseat Mr Trudeau and replace him with a competent leader.
Canada needs and deserves no less from the many, many politicians, on both sides of the aisle who are honest and capable.