Government crying wolf

Debunking the deficit threat.

Ottawa: The Canadian Taxpayers Federation (CTF) today responded to concerns raised by the Liberal Party that campaign promises made by the Conservative Party will result in chronic deficits. Over the weekend, Prime Minister Paul Martin said, “I know these numbers and I know that we’ve got a very strong economy because we stayed out of deficit and I will be very, very interested in how all [the Conservative] numbers add up.” The Liberals say the Conservative plan will produce deficits “of at least $12.4-billion over five years.”

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The real threat to our balanced budgets my lie in the historic 2005 spending binge.