Thursday, December 31, 2020

LIBERAL VIRTUE-SIGNALLING OVERRIDES ECONOMIC REALITY

 The Trudeau government has been unacceptably opaque in its handling of the national purse, several former senior Finance officials say, a concern that reflects deeper disagreements in Ottawa between the public service and the Liberal government’s lofty spending plans.

 But those inherent divides have deepened in recent years as the Trudeau government fixates on expanding the social safety net, said David Dodge, who served as deputy minister of finance from 1992 to 1997 before becoming governor of the Bank of Canada. Trudeau’s policies have broadly centred around redistribution, with much less regard for tackling difficult economic questions or making efforts to cut unnecessary spending.

“The policies of the government in power, and the proclivities of the current prime minister, are not particularly oriented towards the hard work of generating economic growth, and that can make things difficult for the Department of Finance,” Dodge said.

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