Financial Post: The fundamental difference between then and now is the Liberal approach to spending, a function of failed ideology, untenable political promises and generational selfishness.
This ideology holds that government can solve most problems (proven false by a bitter history of socialist failures). That green technology can replace fossil fuels at reasonable cost (coal, oil and gas will represent 74 per cent of global energy in 2050 and Ontario’s catastrophic electricity fiasco is ample evidence that ignoring economics and science is doomed to be a costly failure). And that stimulus spending unfailingly produces a multiplier effect in the economy (apparently not, according to Finance forecasts).
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