COVID recovery Tag

17 Sep 2020 Recovering Fiscal Responsibility

For the last quarter-century, red and blue Canadian governments have both prided themselves on their dedication to “fiscal responsibility” or, in more Christian parlance, fiscal stewardship. Previous administrations were committed to some version of the ideal of not further indebting (future) Canadian taxpayers. Jean Chretien and Paul Martin set the stage for ten years of consecutive budgetary surpluses. That was fiscal responsibility. Stephen Harper, even while opting to spend billions of deficit-financed dollars for recovery from the Financial Crisis, always had a balanced budget in his mind’s eye. That also...

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