Sunday, November 11, 2007

Surplus calculations

Remember the good old days last month when the National Post's editorial board chirped about the "ease with which the government will be able to finance (the Cons' tax cuts) out of the country's massive budget surplus"?

Apparently the Financial Post and its sources for this weekend's article on infrastructure don't. Which is why they claim that a massive wave of privately-owned infrastructure (subsidized by public money through long-term agreements which will tie government hands for decades to come) is "inevitable" due to a lack of public resources to fund needed improvements.

But don't worry too much about the federal government's fiscal position. After all, the National Post is bound to declare that it's back to being in great shape - just as soon as more tax cuts are on the table.

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