Hang on ... this can't be right:
Two-year $101B deficit 'worse than expected:' Flaherty
Government can't say when it will balance books again
... In a hastily-released fiscal update, Finance Minister Jim Flaherty said the severe economic recession means that, between now and 2014-15, Ottawa's budget shortfall will total more than $160 billion, the government said.
I'm confused ... what is this "deficit" of which you speak? We here at CC HQ were once assured that there would be no deficit.
I'm sure it's all just a misunderstanding.
4 comments:
Yeah I read that a few days back and smiled--not about the actual deficit and the fact that it'll continue--but at some guy's adamant attempt at sounding all intellectual and prophetic.
Score 0 on both points.
Flaherty labours under the delusion that the corporate press is honestly trying to understand this crisis rather than print as much feel-good drivel as they possibly can.
For that reason, he forecasts based on the sunny prognoses he hears about and when it turns out that yet again his sources were wrong, he's forced to revise his forecasts.
I'd feel sorry for him if I didn't utterly despise him.
WV = "creton"
Which is precisely one letter removed from "Flaherty".
Stephen Harper must be smoking a big honking cigar. He just had triplets!
Post a Comment