I have only two posts planned on the 2012 budget. Unlike the professional media, I am not a trained poodle, and I will not degrade myself through weeks of high-pitched yapping in exchange for the privilege of being invited into the annual budget lockup. The legitimacy of the government is in question because of its refusal to seriously investigate electoral fraud allegations, and until those allegations are addressed, the budget is not a priority. That being said…
Last year, during the elections, I pointed out that despite running on the principle that leftist parties are awful tax-and-spend liberals with no fiscal conscience whatsoever, the Conservative Party of Canada wasn’t exactly a prudent budget planner. This year we see more evidence of that. As you can see from the following table, since 2007, every Conservative budget has started off in a projected position worse than they predicted they would be in, the year before. I guess that’s what happens when you cut taxes like mad, eh?
Every year, the government’s budget estimates where we will be in the course of the present year, but then it projects where we will be in subsequent years, given what it claims are the long-term ramifications of the new spending and cuts in the present budget. As you can see, despite the billions of dollars in cutbacks the Conservatives claim will restore us to fiscal sanity, this year we’re still coming in below where they said we would be last year, and the year before that, and the year before that. In short, despite all the new cuts, they’ve still missed the targets they said we were set to meet in previous years.
Now, it could be worse. We’re missing our project targets for next year by a lot less than we did the last couple of years. But the fact remains. This Conservative government inherited a strong budget surplus from the Liberals that it claims don’t respect fiscal sanity. In six years it has taken that budget surplus, turned it into a record budget deficit, slashed taxes to record lows, and is now attempting to claw its way back into balanced budget territory by slashing away at programs that Canadians depend upon to live decent and comfortable lives. Programs like healthcare, Old Age Security, Veterans Affairs, and environmental protection.Tweet