SPENDING HABITS OF PROVINCIAL AND FEDERAL LIBERALS

Since the Liberal era began in Ontario, both the budget and the debt have doubled in size. This sort of government growth is unsustainable. Will this repeat federally?  Thankfully, during the federal campaign Trudeau committed to maintaining Stephen Harper’s policy of decreasing the debt-to-GDP ratio.  But that was before Finance Minister Bill Morneau gave a fall update explaining things were worse off than they initially thought – and he declined to answer whether they were sticking to their plan of $10-billion deficits for the first three years. The deficits could be larger.