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The Liberals promised a budget that would create small deficits and focus on infrastructure to kick start the economy - instead we are getting massive new spending on programs that will make it very hard to ever return to a balanced budget without large tax increases.

Some here have pointed out that the size of the deficit is not that much different from the 2009-2012 days; while that is true the structure of that deficit is much different. In the aftermath of the financial crises there was a big drop in revenue; which combined with short term stimulus resulted in what could reasonably be defended as a temporary deficit.

There is no such defense for this budget. While the Canadian economy is not performing well; tax revenues have been reasonably steady - the deficit is now the result in new program spending; such as reducing the OAS age and the restructuring of the child benefits. The cost of the these programs will continue - and unless tax revenues are increased (and unless the economy returns to a 5%+ growth level) - this will require increases in tax rates. The alternative is that we continue with these $30B+ deficits annually until the Debt/GDP ratio becomes unstable.

It is somewhat ironic (tragic) that it was the Liberals that got us out of the debt trap; but is unfortunately the same Liberals who are getting us caught back in it.

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