Telegram Column – Budgets, austerity and demanding better

Finance Minister Jim Flaherty has a lot of egg on his face — messy, runny-yolk egg.

Last week, the country’s finance minister blamed global economic conditions for a nearly $7-billion-higher-than-forecasted annual deficit. That is quite a hefty mistake and all since March, when Mr. Flaherty predicted a $18-billion deficit. Fast-forward seven months (or about $1 billion a month) and the federal deficit is projected to be $25 billion.

Read the full column on the Telegram website.

By | 2017-03-05T17:15:48+00:00 November 17th, 2012|