Liberals should exercise caution when it comes to deficits
The government should set out a clear test for when to run budgetary deficits that is limited to sustained economic contractions at the national level, write the Macdonald-Laurier's Ian Lee and Sean Speer.
The government has committed to running budgetary deficits for the short-term in order to promote economic growth. This was at the heart of the Liberal Party’s election platform and few can argue that it does not have a clear mandate to carry out its policy.
Last week, Finance Minister Bill Morne...
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