Tuesday, February 23, 2016

Another Canadian Liar

His name is Justin Trudeau:

In for a penny, in for a pound.

With falling oil prices eroding Canada’s revenue base, newly elected Prime Minister Justin Trudeau is fully embracing deficits, with his finance minister hinting Monday the country will run a deficit of about C$30 billion ($22 billion) in the fiscal year that starts April 1.

It’s one of the biggest fiscal swings in the country’s history that, in just four months since the Oct. 19 election, has cut loose all the fiscal anchors Trudeau pledged to abide by even as he runs deficits. The government’s bet is that appetite for more infrastructure spending and a post-election political honeymoon will trump criticism over borrowing and unmet campaign promises.

You can read the rest @
http://www.bloomberg.com/news/articles/2016-02-23/trudeau-drops-campaign-promises-and-goes-all-in-with-deficits

If you recall, Canadian PM Jean Chrétien did much the same following his election in 1993. He had promised to renegotiate or renounce NAFTA, but once elected he reneged on that promise. You can read about it here:

https://en.wikipedia.org/wiki/Jean_Chr%C3%A9tien#The_1993_election

Face it - all politicians at the national level are LIARS.

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