Brad Sallows
Army.ca Legend
- Reaction score
- 8,752
- Points
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Regarding the notion that Harper's government might have focused too much on improving a debt position that was already solid, we could have used a lot more of that preceding the bulge of spending due to the COVID pandemic.
If crises requiring massive emergency spending (2008/2009, 2020/2021) come along every eight to twelve years, we ought to work to regain fiscal position after one and before the next one. In this, I am just repeating what I was saying and writing in the years after 2008/2009. Of course the policies most likely to keep the country productive and well-off will be unpopular because they will not often be policies that provide lots of entitlements or sinecures. But it's either that or the unpopularity governments experience when purchasing power slips or crashes.
If crises requiring massive emergency spending (2008/2009, 2020/2021) come along every eight to twelve years, we ought to work to regain fiscal position after one and before the next one. In this, I am just repeating what I was saying and writing in the years after 2008/2009. Of course the policies most likely to keep the country productive and well-off will be unpopular because they will not often be policies that provide lots of entitlements or sinecures. But it's either that or the unpopularity governments experience when purchasing power slips or crashes.