N.B. must dare to consider deficits
There's an op-ed piece in the TJ today that dared to suggest the unthinkable (I have been saying this for years).
That running small deficits to achieve your vision is not a bad idea.
In the late 80s and early 90s we got so scared of deficits that now they are absolutely fobidden. Cursed is the politician that would suggest this.
But the reality is that running short term deficits - for a good cause - is no different than using your credit line on a short term basis to pay to fix your car or roof.
In New Brunswick, we seem to prefer more Equalization and ignorance of the systemic challenges facing our province. I, for one, would fully support running small scale deficits if that money was used to make key investments in our future.
posted by David Campbell @ 6:45 AM
5 Comments:
Virtually no government in the world besides Canada doesn't run a deficit. Remember when all us 'lefties' said that in the nineties and were called commies and idiots? It would be interesting to take an editorial from the mid nineties and compare it to the 'new thinking'. There is of course another bettter way...
Dead right, as usual.
But do we tell an alcoolic to drink just a little bit. We all agree with the logic of it. But the population do not trust politicians to make a small deficit for the LONG TERM.
We have been burn many time. How could we make sure that politician only run a small deficit for a larger goal and not making stupid promise during election year.
Exactly. Running large deficits because you have no backbone is not my point.
"How could we make sure that politician only run a small deficit for a larger goal and not making stupid promise during election year."
There is a VERY easy way to do that!
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