Friday, November 27, 2009

So ... how's that "no deficit" thing working out?

Uh oh:

Federal deficit grew $5B in September
Heading toward biggest shortfall in country's history

Ottawa added another $5 billion to its 2009-10 budget deficit in September, the Finance Department reported Friday.

Spending has outpaced revenue for the fiscal year that started in April by $28.6 billion.

That means the government is on track to meet Finance Minister Jim Flaherty's latest prediction that the deficit will reach $56.2-billion for the full fiscal year.

That would be the biggest deficit in the country's history.

Truly stupid people would be embarrassed, if they had any shame.

No comments: