The Making of a Deficit

I think that if one wants to declare a deficit after months of reported no loss in sight, then one has to just say that the Canadian economy is always strong and resistant. Isn’t that the current ploy? It helps to cover for after the fact announcement that worse news could have happened, we could have been out billions more. The fact is who is to say that we will stop at 50 billion and not continue to plunge later in the year? The lack of confidence in the bale out of the car industry doesn’t help and who do those magnates think they are anyway? Aren’t there mouths to feed in  North America, education to be received and health administered?From the likes of it it looks like it is a just a one time declaration and no further loss will occur.

The current economic minister announced the billion deficit after months of being optimistic. When asked about the future he said that the paying of the debt will only occur once. Well if he has been so secretive of the impending loss we were going to have until now, because I do not believe he had no forewarning of the issues, how can he be so confident as to say there won’t be other billions to pay off later this year. Fifty billion could easily become 80 billion by August and 120 billion by winter but the joke is such ministers will come back with a line like he could not have predicted the future or the money was used to build the country against further loss.

In the meantime bail outs continue to occur with dividends never getting back to Canadians and only being funded to the American giants. I am sure Hilary must be happy as she wanted to “enter into” this country she accused of harboring terrorists. The pay back to the US is part of the control that country has here and elsewhere. If those economic controls continue, it will only feed the already greedy and create even more resentment among the vast majority of the population.

If the government wants to create a deficit the least it can do is make sure some of the extra money that is being used to help already defunct industries be used to create an infrastructure so that economic recovery is possible. Economists will say that without an infrastructure including repaired roads and bridges, without proper hospital renovations and health care systems, there won’t be a means for larger numbers of people to return and stay in the work place. So if anything, recovery will only be limited.